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07 Apr 2020

Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain

IC Markets No Comments

Key risk events today: Australia Trade Balance; RBA Cash Rate and Rate Statement. (Previous analysis as well as outside sources – italics). EUR/USD: Monday put out a somewhat subdued session, with buyers/sellers feasting on sell-stop liquidity a touch beneath the 1.08 handle while simultaneously establishing minor support off the 161.8% H4 Fibonacci extension point at … Continue reading Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain

06 Apr 2020

Monday 6th April: Oil drops as OPEC+ meeting scheduled; China off

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei up 4.24%, Hang Seng up 2.04%, ASX up 4.33% Commodities : Gold at $1658.05 (+0.75%), Silver at $14.71 (+1.51%), Brent Oil at $33.82 (-0.85%), WTI Oil at $27.91 (-1.52%) Rates : US 10-year yield at 0.657, UK 10-year yield at 0.343, Germany 10-year yield at -0.409 News & … Continue reading Monday 6th April: Oil drops as OPEC+ meeting scheduled; China off

03 Apr 2020

Friday 3rd April: Oil gives up gains; Asian markets lower

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Global Markets: Asian Stock Markets : Nikkei up 0.01%, Shanghai Composite down 0.60%, Hang Seng down 0.51%, ASX down 1.68% Commodities : Gold at $1633.30 (-0.27%), Silver at $14.66 (+0.05%), Brent Oil at $31.15 (+4.04%), WTI Oil at $25.14 (-0.71%) Rates : US 10-year yield at 0.589, UK 10-year yield at 0.307, Germany 10-year yield … Continue reading Friday 3rd April: Oil gives up gains; Asian markets lower

03 Apr 2020

Friday 3rd April: DXY Bid Dominates Ahead of NFP

IC Markets No Comments

Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP