Wednesday 21st October: Renewed Optimism on US stimulus talk

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Global Markets: Asian Stock Markets : Nikkei up 0.31%, Shanghai Composite down 0.09%, Hang Seng up 0.69%, ASX up 0.12% Commodities : Gold at $1924.95 (+0.50%), Silver at $25.20 (+0.87%), Brent Oil at $42.49 (-1.55%), WTI Oil at $41.12 (-1.39%) Rates : US 10-year yield at 0.821, UK 10-year yield at 0.222, Germany 10-year yield … Continue reading Wednesday 21st October: Renewed Optimism on US stimulus talk

Wednesday 21st October: Technical Outlook and Review

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As the DXY toys with breaking 94.00 support, down 0.4% on Tuesday, EUR/USD, following a retest at August’s opening value at 1.1771, destroyed a number of key resistances on the H4 timeframe.

Monday 19th October: Asian markets higher following Chinese GDP jump.

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Global Markets: ·       Asian Stock Markets : Nikkei up 1.11%, Shanghai Composite down 0.71%, Hang Seng up 0.52%, ASX up 0.85% ·       Commodities : Gold at $1913.80 (+0.39%), Silver at $24.76 (+1.45%), Brent Oil at $42.98 (+0.12%), WTI Oil at $41.20 (+0.19%) ·       Rates : US 10-year yield at 0.771, UK 10-year yield at 0.189, … Continue reading Monday 19th October: Asian markets higher following Chinese GDP jump.

Monday 19th October: Weekly Technical Outlook and Review

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GBP/USD, as you can see, recently recoiled from support at 1.2739 (a 2019 yearly opening value), a level blending with trend line resistance-turned support, extended from the high 1.5930. It is worth pointing out the aforementioned trend line was engulfed in late July this year, announcing an uptrend could be on the cards.

Friday 16th October: Asian markets mixed on US fiscal stimulus

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Global Markets: Asian Stock Markets : Nikkei down 0.41%, Shanghai Composite up 0.13%, Hang Seng up 0.93%, ASX down 0.54% Commodities : Gold at $1914.25 (+0.28%), Silver at $24.49 (+1.10%), Brent Oil at $42.90 (-0.60%), WTI Oil at $40.78 (-0.44%) Rates : US 10-year yield at 0.731, UK 10-year yield at 0.179, Germany 10-year yield … Continue reading Friday 16th October: Asian markets mixed on US fiscal stimulus