Asian stocks ended deep in the red on Wednesday as a resurgence of coronavirus infections in some countries cast doubt over an economic rebound from the pandemic.
Category: Market Analysis
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Wednesday 21st April 2021: Technical Outlook and Review
On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Tuesday 20th April 2021: Asian markets lower on COVID worries.
Asian stocks ended broadly lower on Tuesday as surging coronavirus cases in the region and the possible restrictions on economic activity in several countries dented investor optimism about a global economic recovery.
Tuesday 20th April 2021: Technical Outlook and Review
On the weekly timeframe, gold is still testing and holding below descending trendline resistance and long term moving average resistance at 1785. A weekly close below this resistance could see price pull back lower towards 1687 support.
Monday 19 April 2021: Asian markets on autopilot.
Global Markets: Asian Stock Markets : Nikkei up 0.01%, Shanghai Composite up 1.49%, Hang Seng up 0.37%, ASX up 0.03% Commodities : Gold at $1787.75 (+0.42%), Silver at $26.14 (+0.13%), Brent Oil at $66.72 (-0.07%), WTI Oil at $63.17 (-0.03%) Rates : US 10-year yield at 1.562, UK 10-year yield at 0.750, Germany 10-year yield … Continue reading Monday 19 April 2021: Asian markets on autopilot.