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14 Apr 2020

Tuesday 14th April: DXY Holds Daily Resistance at 99.62; Daily Support Eyed at 98.45

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Key risk events today: Australia NAB Business Confidence; China Trade Balance; G7 Meetings. (Previous analysis as well as outside sources – italics). EUR/USD: Monday’s holiday-thinned trade witnessed Europe’s single currency conclude a shade lower against the buck, with price drawing in the 1.09 handle on the H4 timeframe and forming a hammer candlestick pattern (considered … Continue reading Tuesday 14th April: DXY Holds Daily Resistance at 99.62; Daily Support Eyed at 98.45

13 Apr 2020

Monday 13th April: Asian markets lower on thin volumes, absence of cues

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Global Markets: Asian Stock Markets : Nikkei down 2.33%, Shanghai Composite down 0.49% Commodities : Gold at $1741.45 (-0.65%), Silver at $15.66 (-2.45%), Brent Oil at $31.56 (+0.25%), WTI Oil at $23.11 (+1.54%) Rates : US 10-year yield at 0.735, UK 10-year yield at 0.306, Germany 10-year yield at -0.350 News & Data: (USD) Core … Continue reading Monday 13th April: Asian markets lower on thin volumes, absence of cues

12 Apr 2020

Monday 13th April: Weekly Technical Outlook and Review

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EUR/USD conquered the 2016 yearly opening level at 1.0873 in recent trading. Skies beyond here are reasonably blue; a run to the 2020 yearly opening level at 1.1222, shadowed by a Quasimodo resistance at 1.1239, is certainly a possibility in the week ahead.

09 Apr 2020

Thursday 9th April: Asian markets gain on hopes of virus peaking.

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei down 0.04%, Shanghai Composite up 0.37%, Hang Seng up 1.21%, ASX up 3.46% Commodities : Gold at $1695.45 (+0.66%), Silver at $15.37 (+1.10%), Brent Oil at $33.83 (+3.01%), WTI Oil at $26.44 (+5.38%) Rates : US 10-year yield at 0.759, UK 10-year yield at 0.363, Germany 10-year yield … Continue reading Thursday 9th April: Asian markets gain on hopes of virus peaking.