Global Markets: Asian Stock Markets : Hang Seng down 4.47%, ASX up 1.41% Commodities : Gold at $1713.90 (+0.76%), Silver at $15.07 (+0.88%), Brent Oil at $25.77 (-2.53%), WTI Oil at $18.37 (-7.13%) Rates : US 10-year yield at 0.615, UK 10-year yield at 0.242, Germany 10-year yield at -0.562 News & Data: (USD) Wards … Continue reading Monday 4th May: Asian markets lose on Trump’s comments on virus origins
EUR/USD witnessed a resurgence of bidding last week, establishing a robust position north of the 2016 yearly opening level at 1.0873. Should the single currency remain on the winning side of the table going forward, the 2020 yearly opening level from 1.1222 could eventually put in an appearance, followed by Quasimodo resistance at 1.1239.
Key risk events today: US ISM Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Despite a knee-jerk reaction to lows at 1.0833, after the ECB fell on the dovish side of the fence, EUR/USD swiftly reclaimed 1.09+ status, tackling H4 Quasimodo resistance at 1.0967 into the closing stages of Thursday’s session. … Continue reading Friday 1st May: Technical Outlook and Review
Global Markets: Asian Stock Markets : Nikkei up 2.14%, Shanghai Composite up 1.33%, ASX up 2.39% Commodities : Gold at $1732.35 (+1.11%), Silver at $15.76 (+3.96%), Brent Oil at $25.95 (+7.10%), WTI Oil at $17.02 (+13.01%) Rates : US 10-year yield at 0.609, UK 10-year yield at 0.274, Germany 10-year yield at -0.512 News & … Continue reading Thursday 30th April: Asian markets gain on success of Gilead’s trial.
Key risk events today: China Manufacturing PMI and Non-Manufacturing PMI; New Zealand ANZ Business Confidence; French Flash GDP q/q; German Retail Sales m/m; Spanish Flash GDP q/q; EUR Prelim Flash GDP q/q; ECB Main Refinancing Rate, Monetary Policy Statement and Press Conference; Canada GDP m/m; US Unemployment Claims; US Personal Spending m/m; Chicago PMI. (Previous … Continue reading Thursday 30th April: Technical Outlook and Review
