Charts Today – Europe Open – 14 Feb 2019 – Asia mostly down, Europe mostly up
-
Dollar strength the theme, gaining more ground, short term bullish with 3% upside target. Eurodollar down, Sterling falls.
-
US stocks hold strength overnight, set to open higher today based on US futures.
-
UK and Germany up today. Asian stocks mostly down. India lower but still bullish short term.
-
Crude oil up sharply after yesterday’s turning short term bullish.
-
Gold weaker short term on stronger dollar.
-
US bond yields steady, short term bullish. German bonds strong.
-
UK – Oil stocks lower globally despite rise in crude oil.
Nothing in this material constitutes advice and the content may have been prepared some time ago with the position having changed since. Specialist advice should be taken in relation to specific circumstances. No warranty, express or implied, is given as to its accuracy and we do not accept any liability for error or omission in the information contained in this material. Updata Limited and its employees shall not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from any action or decision taken as a result of viewing this material. The views expressed in this material do not necessarily reflect the views of the officers, directors or any employee of Updata Limited.
Recommended Content
Editors’ Picks
EUR/USD stays below 1.0800 after upbeat US data
EUR/USD stays under bearish pressure and trades slightly below 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold clings to strong daily gains above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.