Europe’s single currency kicked off the week in reasonably robust fashion, gliding to highs of 1.1090 before mildly paring gains into the close. Tops (green arrow) around the 1.1090 neighbourhood on the H4 timeframe is likely viewed as resistance in this market, as is the 1.11 handle.
Global Markets: Asian Stock Markets : Nikkei up 0.49%, Shanghai Composite up 0.56%, Hang Seng up 1.03%, ASX down 0.40% Commodities : Gold at $1464.95 (-0.24%), Silver at $16.85 (-0.57%), Brent Oil at $63.20 (-0.16%), WTI Oil at $57.80 (-0.05%) Rates : US 10-year yield at 1.827, UK 10-year yield at 0.731, Germany 10-year yield … Continue reading Monday 18th November: Asian markets higher as reports of progress on US-China deal
Should price action remain beneath this base, further downside is likely in store for the EUR/USD, while an upside violation could prompt a retest at the weekly resistance area 1.1119-1.1295.
Shaped by way of a bullish outside day configuration, EUR/USD movement recovered in reasonably robust fashion Thursday. Data out of Germany came with an upbeat tone and markets largely shrugged off better-than-expected US PPI figures.
Global Markets: Asian Stock Markets : Nikkei down 0.76%, Shanghai Composite up 0.16%, Hang Seng down 1.41%, ASX up 0.55% Commodities : Gold at $1467.75 (+0.30%), Silver at $16.97 (+0.35%), Brent Oil at $62.67 (+0.48%), WTI Oil at $57.44 (+0.56%) Rates : US 10-year yield at 1.855, UK 10-year yield at 0.762, Germany 10-year yield … Continue reading Thursday 14th November: Asian markets mixed as Chinese Industrial Production misses estimates
