Monday 17th June: Weekly technical outlook and review.

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The US dollar index, or DXY, ascended to its highest level in almost two weeks Friday following promising retail sales data in May. US retail sales came in at +0.5%, short of the 0.6% expected.

Friday 14th June: Dollar crosses above 94.00 ahead of today’s retail sales figures.

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EUR/USD: With upside attempts being limited at the 1.13 handle during early European hours Thursday, the euro declined further against the greenback, down 0.09% on the day. As is evident from the H4 timeframe, the next downside obstacle falls in around support at 1.1262, which happens to align closely with a 38.2% Fibonacci retracement at … Continue reading Friday 14th June: Dollar crosses above 94.00 ahead of today’s retail sales figures.

Thursday 13th June: Hang Seng plagued by protests over controversial extradition bill

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Global Markets: Asian Stock Markets : Nikkei down 0.63%, Shanghai Composite up 0.18%, Hang Seng down 0.52%, ASX down 0.04% Commodities : Gold at $1339.30 (+0.19%), Silver at $14.78 (+0.16%), Brent Oil at $60.62 (+1.08%), WTI Oil at $51.42 (+0.55%) Rates : US 10-year yield at 2.112, UK 10-year yield at 0.868, Germany 10-year yield … Continue reading Thursday 13th June: Hang Seng plagued by protests over controversial extradition bill