Category: Forex News: Weekly

Global Markets: Asian stock markets: Nikkei up 0.15 %, Shanghai Composite gained 0.30 %, Hang Seng rose 0.20 %, ASX rallied 0.60 % Commodities: Gold at $1220 (+0.60 %), Silver at $16.75 (+1.15 %), WTI Oil at $49.39 (-0.75 %), Brent Oil at $62.17 (-0.05 %) Rates: US 10 year yield at 2.009, UK 10 … Continue reading Monday 2nd March: European Open Briefing

EUR/USD: Weekly Timeframe: Last week saw active selling come into the market from just below weekly supply at 1.1678-1.1458. This consequently saw the Euro print a full-bodied bearish candle stretching almost 200 pips from open (1.1388) to close (1.1189). Assuming that the sellers can continue with this tempo, we see very little reason why price … Continue reading Monday 2nd March: Weekly technical outlook and review.