EUR/USD: Weekly gain/loss: +0.42% Weekly close: 1.1203 Weekly perspective: Following a borderline breach to the lower edge of a long-standing demand at 1.1119-1.1295, EUR/USD bulls went on the offensive last week. Upside from this point shows room for extension to as far north as the 2019 yearly opening level at 1.1445, whereas a move lower … Continue reading Monday 27th May: Weekly technical outlook and review – US and UK bank closures today
Global Markets: Asian Stock Markets : Nikkei down 0.16%, Shanghai Composite up 0.39%, Hang Seng up 0.45%, ASX down 0.55% Commodities : Gold at $1284.45 (-0.07%), Silver at $14.56 (-0.35%), Brent Oil at $68.47 (+1.05%), WTI Oil at $58.52 (+1.05%) Rates : US 10-year yield at 2.322, UK 10-year yield at 0.942, Germany 10-year yield … Continue reading Friday 24th May: Asian markets continued to trade mixed on lingering trade concerns
EUR/USD: Latest economic reports came in largely disappointing, with service and manufacturing slowing in Germany and the Eurozone. The German IFO also echoed a negative tone, coming in much lower than expected. Despite this, after dropping to a fresh yearly low against the US dollar, the EUR/USD witnessed a sharp change in mood, fuelled by … Continue reading Friday 24th May: US core durable goods orders eyed amid a light economic calendar today.
Global Markets: Asian Stock Markets : Nikkei down 0.62%, Shanghai Composite down 1.19%, Hang Seng down 1.66%, ASX down 0.29% Commodities : Gold at $1273.65 (-0.04%), Silver at $14.44 (-0.04%), Brent Oil at $70.36 (-0.89%), WTI Oil at $60.88 (-0.88%) Rates : US 10-year yield at 2.378, UK 10-year yield at 1.008, Germany 10-year yield … Continue reading Thursday 23rd May: China loses on trade, India gains on election results
UK Prime Minister May facing calls from within the Conservative Party to resign after the PM unveiled her new Brexit bill, collectively weighed on the pound.
