Charts Today – Europe Open – 12 Feb 2019 – Stocks move higher on trade talks hopes
-
Dollar strength the theme, gaining more ground, short term bullish with 3% upside target activated. Eurodollar down, Sterling mixed.
-
US stocks little changed overnight, set to open higher today based on US futures.
-
UK and Germany up today. Asian stocks mostly up. India lower but still bullish short term.
-
Crude oil flat, short term bearish.
-
Gold improving short term on pause in dollar.
-
US bond yields steady. German bonds strong.
-
UK airlines, supermarkets and housebuilders all lower this morning.
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 holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.