Thursday 3rd October: US equities tumble consequently bidding safe havens higher.
US dollar index fell sharply Tuesday, weighed by technical selling off long-term weekly resistance at 99.62 and dismal US manufacturing data. Further losses were observed Wednesday, consequently propelling Europe’s shared currency higher for a second successive session.
Australian Daylight Savings: Updated Trading Schedule 2019
Please find our updated Trading schedule as Australia will enter Daylight Savings Time on Sunday, 6th October, 2019.
Wednesday 2nd October: Weekly resistance 99.62 capping upside on dollar index; further selling possible.
EUR/USD’s technical landscape reveals weekly price bottoming a few points north of 1.0873, the 2016 yearly opening level. This follows a breach of long-standing demand-turned resistance area at 1.1119-1.1295 in August.
Tuesday 1st October: Dollar index clocks YTD highs with weekly resistance at 99.62 likely next in the firing range.
Key risk events today: Australia Building Approvals m/m; Australia Cash Rate […]
Monday 30th September: Weekly technical outlook and review
Persistent Brexit-related uncertainties continued to weigh on sterling Friday, down 0.26% against the buck. Following Wednesday’s completion of a head and shoulders topping formation off Quasimodo resistance at 1.2571.
Friday 27th September: Dollar index firm above 99.00 ahead of personal spending data.
The British pound ceded further ground to the buck Thursday, extending Wednesday’s precipitous 1.14% decline amid ongoing Brexit uncertainties and USD strength.
Thursday 26th September: G10 pairs succumb as dollar reigns and tests 99.00+.
The US dollar index rebounded with a vengeance yesterday, enthused by comments from Fed-voter Evans, who took a somewhat more neutral stance as he noted the US economy is ‘quite solid and is posting good growth’.
Hong Kong National Day & Unification Day Holiday Schedule
Please find our updated Trading schedule for the Hong Kong National Day and Unification Day starting from 30th of September 2019. Times mentioned below are Platform time (GMT +3).
Wednesday 25th September: Formal Trump impeachment inquiry bolsters haven currencies.
EUR/USD bulls went on the offensive Tuesday, consequently snapping a two-day losing streak and adding more than 25 points, or 0.24%. Sentiment among German executives improved slightly, according to the Institute for Economic Research.
