EUR/USD: The single currency was uninspired Monday, with action likely restricted throughout the markets ahead of the Fed’s decision later this week. As is evident from the H4 setting this morning, the candles remain engaged with the 1.12/1.1221 neighbourhood (comprised of April and May’s opening levels at 1.1221 and 1.1211, the round number 1.12 and … Continue reading Tuesday 18th June: Dollar trades flat ahead of crucial FOMC minutes Wednesday.
Global Markets: Asian Stock Markets : Nikkei up 0.03%, Shanghai Composite up 0.10%, Hang Seng up 0.45%, ASX down 0.35% Commodities : Gold at $1342.45 (-0.15%), Silver at $14.83 (+0.17%), Brent Oil at $62.09 (+0.13%), WTI Oil at $52.77 (0.00%) Rates : US 10-year yield at 2.099, UK 10-year yield at 0.846, Germany 10-year yield … Continue reading Monday 17th June: Asian markets wobbly
The US dollar index, or DXY, ascended to its highest level in almost two weeks Friday following promising retail sales data in May. US retail sales came in at +0.5%, short of the 0.6% expected.
Global Markets: Asian Stock Markets : Nikkei up 0.35%, Shanghai Composite down 0.44%, Hang Seng down 0.42%, ASX up 0.13% Commodities : Gold at $1348.95 (+0.39%), Silver at $14.92 (+0.17%), Brent Oil at $61.83 (+0.85%), WTI Oil at $52.52 (+0.46%) Rates : US 10-year yield at 2.086, UK 10-year yield at 0.835, Germany 10-year yield … Continue reading Friday 14th June: Markets lower on Middle East tensions
EUR/USD: With upside attempts being limited at the 1.13 handle during early European hours Thursday, the euro declined further against the greenback, down 0.09% on the day. As is evident from the H4 timeframe, the next downside obstacle falls in around support at 1.1262, which happens to align closely with a 38.2% Fibonacci retracement at … Continue reading Friday 14th June: Dollar crosses above 94.00 ahead of today’s retail sales figures.
