EUR/USD left Monday muted, glued to the underside of the 1.13 handle on the H4 timeframe, ranging between 1.1319/1.1268. Downside support from here, therefore, remains at 1.1221 (prior Quasimodo resistance), closely followed by the 1.12 handle and trend line support, taken from the low 1.0727.
Global Markets: Asian Stock Markets : Nikkei up 1.38%, Shanghai Composite up 0.24%, Hang Seng down 0.11% Commodities : Gold at $1698.50 (+0.92%), Silver at $17.84 (+2.05%), Brent Oil at $42.84 (+1.28%), WTI Oil at $39.95 (+1.01%) Rates : US 10-year yield at 0.917, UK 10-year yield at 0.349, Germany 10-year yield at -0.283 News … Continue reading Monday 8th June: Asian markets continue their momentum on US jobs steam.
Over the course of last week, EUR/USD extended recovery gains north of the 2020 yearly opening level at 1.1222, consequently grappling with trend line resistance into the close, a level extended from highs at 1.2555.
Global Markets: Asian Stock Markets : Nikkei up 0.74%, Shanghai Composite up 0.40%, Hang Seng up 2.03%, ASX up 0.12% Commodities : Gold at $1710.70 (-0.97%), Silver at $17.94 (-0.70%), Brent Oil at $40.84 (+2.13%), WTI Oil at $37.97 (+1.50%) Rates : US 10-year yield at 0.857, UK 10-year yield at 0.340, Germany 10-year yield … Continue reading Friday 5th June: Asian markets higher; Investors await US jobs report
EUR/USD bulls entered a strong offensive phase Thursday, following Eur130 billion German fiscal stimulus, with additional impetus provided by the ECB exceeding expectations for a Eur500 billion PEPP boost.
