Europe’s single currency concluded Tuesday mixed against the greenback, after failing to sustain gains north of November’s opening level at 1.1156. As evident from the H4 timeframe this morning, traders are left with a shooting star candlestick pattern , which could entice selling towards nearby trend line support, extended from the low 1.0981.
Global Markets: Asian Stock Markets : Nikkei up 0.47%, Shanghai Composite up 1.27%, Hang Seng up 1.06%, ASX down 0.04% Commodities : Gold at $1481.65 (+0.08%), Silver at $17.12 (+0.05%), Brent Oil at $65.42 (+0.12%), WTI Oil at $60.17 (+0.05%) Rates : US 10-year yield at 1.861, UK 10-year yield at 0.821, Germany 10-year yield … Continue reading Tuesday 17th December: Santa comes early to Asian markets
Sterling’s post-UK election faded after a fleeting expedition north of 1.34 vs. the buck Monday. Weighed by disappointing preliminary PMIs for December, particularly in the manufacturing sector, and reports UK PM Boris Johnson plans law change to block a further Brexit delay
Global Markets: Asian Stock Markets : Nikkei down 0.29%, Shanghai Composite up 0.56%, Hang Seng down 0.28%, ASX up 1.63% Commodities : Gold at $1481.10 (-0.01%), Silver at $17.08 (+0.39%), Brent Oil at $65.08 (-0.21%), WTI Oil at $59.84 (-0.23%) Rates : US 10-year yield at 1.835, UK 10-year yield at 0.785, Germany 10-year yield … Continue reading Monday 16th December: Investors shrug off Chinese Industrial Production data, Trade Deal
GBP/USD bulls tightened their grip in recent sessions, strengthened on the back of Thursday’s UK General Election, culminating in a clear win for the Conservative Party.
