Wednesday 29th April: Dollar Explores Lower Ground Ahead of FOMC

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Key risk events today: Australia Inflation q/q; US Advance GDP q/q and Advance GDP Price Index q/q; US Pending Home Sales m/m; FOMC Statement, Federal Funds Rate and Press Conference. (Previous analysis as well as outside sources – italics). EUR/USD: Transitioning into London hours Tuesday, we saw Europe’s single currency advance vs. the US dollar, … Continue reading Wednesday 29th April: Dollar Explores Lower Ground Ahead of FOMC

Tuesday 28th April: Asian markets mixed, WTI carnage continues

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Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite down 0.19%, Hang Seng up 1.26%, ASX down 0.16% Commodities : Gold at $1714.90 (-0.52%), Silver at $15.01 (-1.35%), Brent Oil at $22.21 (-3.73%), WTI Oil at $10.32 (-19.25%) Rates : US 10-year yield at 0.657, UK 10-year yield at 0.304, Germany 10-year yield … Continue reading Tuesday 28th April: Asian markets mixed, WTI carnage continues

Monday 27th April: Weekly Technical Outlook and Review

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After a dominant showing off 1.2647 the week prior, shaped as a shooting star candlestick pattern, last week’s movement slipped to lows at 1.2247, led by an overall stronger dollar. GBP/USD now has eyes for support at 1.2200.