Friday 25th September: Asian markets mixed as new stimulus package hopes rise

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Global Markets: Asian Stock Markets : Nikkei up 0.51%, Shanghai Composite down 0.12%, Hang Seng down 0.58%, ASX up 1.51% Commodities : Gold at $1875.65 (-0.07%), Silver at $23.24 (+0.17%), Brent Oil at $42.07 (+0.31%), WTI Oil at $40.39 (+0.20%) Rates : US 10-year yield at 0.668, UK 10-year yield at 0.205, Germany 10-year yield … Continue reading Friday 25th September: Asian markets mixed as new stimulus package hopes rise

Friday 25th September: Technical Outlook and Review

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Despite mildly surpassing H4 support at 1.1652, a level closely joined by AB=CD structure (black arrows) at 1.1660 and 1.618 BC projection at 1.1649, EUR/USD bulls went on the offensive Thursday.

Thursday 24th September: Markets lose as investors lose faith in COVID recovery

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Global Markets: Asian Stock Markets : Nikkei down 1.11%, Shanghai Composite down 1.72%, Hang Seng down 1.90%, ASX down 0.81% Commodities : Gold at $1862.05 (-0.34%), Silver at $22.34 (-3.33%), Brent Oil at $41.48 (-0.69%), WTI Oil at $39.62 (-0.78%) Rates : US 10-year yield at 0.668, UK 10-year yield at 0.208, Germany 10-year yield … Continue reading Thursday 24th September: Markets lose as investors lose faith in COVID recovery

Thursday 24th September: Technical Outlook and Review

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The euro held the bulk of its losses against the greenback Wednesday, recording a fourth consecutive daily decline.

H4 relinquished the 1.17 handle in wake of feeble sub-50 Eurozone services PMIs and the DXY crossing above 94.00. Support at 1.1652 on the H4 timeframe is next on tap should further selling develop.

Wednesday 23rd September: Markets mixed on mixed sentiment

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Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite up 0.17%, Hang Seng up 0.06%, ASX up 2.42% Commodities : Gold at $1879.20 (-1.49%), Silver at $23.41 (-4.53%), Brent Oil at $41.75 (+0.07%), WTI Oil at $39.72 (-0.20%) Rates : US 10-year yield at 0.661, UK 10-year yield at 0.182, Germany 10-year yield … Continue reading Wednesday 23rd September: Markets mixed on mixed sentiment