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EUR/USD: After decisively running stop-loss orders above H4 resistance (yellow) at 1.1434/1.1418 in early Asia Monday, the EUR/USD fell sharply. Further selling was observed throughout London and US sessions, as the greenback benefited from Brexit woes and fears of a global economic slowdown. Stop-loss orders beneath 1.14 were also tripped yesterday from traders looking to … Continue reading Tuesday 11th December: Greenback on strong footing this morning amid Brexit jitters.

Global Markets: Asian Stock Markets : Nikkei down 2.04%, Shanghai Composite down 0.77%, Hang Seng down 1.46%, ASX down 2.27% Commodities : Gold at $1255.30 (+0.22%), Silver at $14.69 (-0.05%), Brent Oil at $61.95 (+0.45%), WTI Oil at $52.45 (-0.30%) Rates : US 10-year yield at 2.841, UK 10-year yield at 1.273, Germany 10-year yield … Continue reading Monday 10th December: Asian Markets slump as growth concerns intensify

EUR/USD: Weekly Gain/Loss: +0.38% Weekly Close: 1.1393 Weekly perspective: The single currency staged a reasonably decisive recovery over the course of last week, breaking a two-week bearish phase. Further buying, however, may be challenging. Less than 100 pips overhead resistance is seen priced in at 1.1465, which, as you can probably see, brings with it … Continue reading Monday 10th December: Weekly technical outlook and review.

EUR/USD: Swarmed by an almost clean sweep of sub-forecast US employment data, the EUR/USD concluded Thursday in positive territory, up 0.28%. Leaving November’s opening level on the H4 at 1.1314 unchallenged, the pair approached its 1.14 space, which happens to merge closely with a trend line resistance (etched from the high 1.1621). Price action topped … Continue reading Friday 7th December: US employment figures eyed – expect volatility.

EUR/USD: Since the week’s open the shared currency has struggled to establish firm direction, consequently chalking up three consecutive daily indecision candles. With respect to the higher timeframes, there’s been little change as far as structure is concerned. Weekly movement continues to meander between resistance priced in at 1.1465 (brings with it a nearby cloned … Continue reading Thursday 6th December: Canadian trade balance eyed in early US trade.