Thursday 15th October: Technical Outlook and Review

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Key risk events today: Australia Jobs Figures; Philly Fed Manufacturing Index; US weekly Unemployment Claims. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s single currency modestly rebounded from one-week lows against a broadly softer greenback on Wednesday. Technically, the H4 candles recoiled from October’s opening value at 1.1730 with enough force to … Continue reading Thursday 15th October: Technical Outlook and Review

Wednesday 14th October: Investor sentiment falters as drug & vaccine trials paused

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Global Markets: Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite down 0.56%, Hang Seng up 0.09%, ASX down 0.27% Commodities : Gold at $1900.05 (+0.29%), Silver at $24.29 (+0.66%), Brent Oil at $42.25 (-0.47%), WTI Oil at $39.98 (-0.55%) Rates : US 10-year yield at 0.724, UK 10-year yield at 0.216, Germany 10-year yield … Continue reading Wednesday 14th October: Investor sentiment falters as drug & vaccine trials paused

Wednesday 14th October: Technical Outlook and Review

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The US dollar rebounded sharply Tuesday, guiding EUR/USD into a bearish environment.

Technical price action on the H4 lost grip north of 1.18, and subsequently overthrew August’s opening value at 1.1771 and a trend line support, extended from the low 1.1684.

Tuesday 13th October: Chinese data helps Asian markets tide over losses from COVID trial news

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Global Markets: Asian Stock Markets : Nikkei up 0.18%, Shanghai Composite up 0.04%, ASX up 1.04% Commodities : Gold at $1918.85 (-0.52%), Silver at $24.97 (-1.21%), Brent Oil at $41.89 (+0.41%), WTI Oil at $39.60 (+0.43%) Rates : US 10-year yield at 0.757, UK 10-year yield at 0.264, Germany 10-year yield at -0.551 News & … Continue reading Tuesday 13th October: Chinese data helps Asian markets tide over losses from COVID trial news

Tuesday 13th October: Technical Outlook and Review

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Key risk events today: UK Employment Data; US CPI m/m. (Previous analysis as well as outside sources – italics). EUR/USD: Against the US dollar Monday, holiday-thinned conditions saw Europe’s single currency remain afloat above the 1.18 handle (and H4 support at 1.1797), establishing a clear candlestick tail off session lows at 1.1786. Below here, traders’ … Continue reading Tuesday 13th October: Technical Outlook and Review