Monday 25th May: Weekly Technical Outlook and Review

IC Markets No Comments

In spite of clocking session highs at 1.1008, the attempt to regain footing above the 2016 yearly opening level at 1.0873 was abruptly denied, consequently reclaiming a large portion of the week’s upside.

Friday 22nd May: Hong Kong plummets as China talks of new restrictions

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei down 0.80%, Shanghai Composite down 1.89%, Hang Seng down 5.69%, ASX down 0.96% Commodities : Gold at $1736.75 (+0.86%), Silver at $17.42 (+0.33%), Brent Oil at $34.30 (-4.88%), WTI Oil at $31.86 (-6.07%) Rates : US 10-year yield at 0.636, UK 10-year yield at 0.139, Germany 10-year yield … Continue reading Friday 22nd May: Hong Kong plummets as China talks of new restrictions

Friday 22nd May: Technical Outlook and Review

IC Markets No Comments

Key risk events today: BoJ Monetary Policy Statement and Press Conference; UK Retail Sales m/m; ECB Monetary Policy Meeting Accounts; Canada Core Retail Sales m/m. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency concluded lower against the US dollar Thursday, unwinding from the key figure 1.10, a move reaching as … Continue reading Friday 22nd May: Technical Outlook and Review