Key risk events today: UK Inflation; Canada Inflation. (Previous analysis as well as outside sources – italics). EUR/USD: The US dollar index, or ‘DXY’, explored ground north of 100.00 Tuesday, though EUR/USD concluded pretty much unchanged for a second successive session. On the data front, the ZEW Indicator of Economic Sentiment for Germany rose by … Continue reading Wednesday 22nd April: The US Dollar Index Crosses 100.00 Signalling $ Strength
Global Markets: Asian Stock Markets : Nikkei down 1.97%, Shanghai Composite down 0.90%, Hang Seng down 2.34%, ASX down 2.46% Commodities : Gold at $1714.70 (+0.20%), Silver at $15.46 (-0.97%), Brent Oil at $22.94 (-10.29%), WTI Oil at $20.34 (-0.44%) Rates : US 10-year yield at 0.607, UK 10-year yield at 0.312, Germany 10-year yield … Continue reading Tuesday 21st April: Asian markets lower
Key risk events today: RBA Monetary Policy Meeting Minutes; RBA Gov Lowe Speaks; UK Employment Data; German ZEW Economic Sentiment. (Previous analysis as well as outside sources – italics). EUR/USD: It’s been a slow start to the week for EUR/USD, concluding the London session pretty much unchanged. Ranging no more than 55 points on the … Continue reading Tuesday 21st April: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei down 1.15%, Shanghai Composite up 0.50%, Hang Seng down 0.37%, ASX down 2.45% Commodities : Gold at $1687.90 (-0.64%), Silver at $15.32 (+0.15%), Brent Oil at $27.35 (-2.60%), WTI Oil at $23.59 (-5.75%) Rates : US 10-year yield at 0.634, UK 10-year yield at 0.308, Germany 10-year yield … Continue reading Monday 20th April: Asian markets mixed; looking to earnings.
Price action, based on the weekly chart, remains linked with its 2016 yearly opening level at 1.0873. Skies above are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239 is not out of the question.
