Category: Market Analysis

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04 Jun 2020

Thursday 4th June: Technical Outlook and Review

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Key risk events today: Australia Trade Balance; ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference; Canada Trade Balance; US Unemployment Claims. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s single currency derived fresh impetus from upbeat Eurozone services PMIs and continued USD depreciation Wednesday. The US dollar index recorded its … Continue reading Thursday 4th June: Technical Outlook and Review

03 Jun 2020

Wednesday 3rd June: Asian markets extend gains on recovery optimism

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Global Markets: Asian Stock Markets : Nikkei up 1.29%, Shanghai Composite up 0.07%, Hang Seng up 1.36%, ASX up 1.83% Commodities : Gold at $1726.60 (-0.43%), Silver at $18.18 (-0.47%), Brent Oil at $40.18 (+1.54%), WTI Oil at $37.61 (+2.17%) Rates : US 10-year yield at 0.705, UK 10-year yield at 0.246, Germany 10-year yield … Continue reading Wednesday 3rd June: Asian markets extend gains on recovery optimism

03 Jun 2020

Wednesday 3rd June: Technical Outlook and Review

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The US dollar index, or more commonly referred to as the ‘DXY’, declined to levels not seen since March 13 on Tuesday after recording its sixth consecutive daily loss.

02 Jun 2020

Tuesday 2nd June: Asian markets mostly higher on overnight optimism

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Global Markets: Asian Stock Markets : Nikkei up 1.19%, Shanghai Composite up 0.20%, Hang Seng up 0.96%, ASX up 0.27% Commodities : Gold at $1744.90 (-0.31%), Silver at $18.72 (-0.58%), Brent Oil at $38.77 (+1.17%), WTI Oil at $35.77 (+0.93%) Rates : US 10-year yield at 0.656, UK 10-year yield at 0.209, Germany 10-year yield … Continue reading Tuesday 2nd June: Asian markets mostly higher on overnight optimism

02 Jun 2020

Tuesday 2nd June: Technical Outlook and Review

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Despite Monday’s advance, a turn from 1.1157/1.1099 places 1.0995 on the hit list as support; alternatively, additional upside has resistance at 1.1239 calling for attention (essentially the same base as weekly QM).