Monday 14th January: Weekly technical outlook and review.
Recording its third consecutive week in the green, US equities firmly overthrew resistance at 23578 last week (now acting support), exposing resistance in the form of the 2018 yearly opening level at 24660.
Friday 11th January: Greenback remains supported ahead of 95.00, pressuring opposing currencies to lower ground.
Speculative interest remains somewhat lackluster in this market ahead of the key Parliamentary vote on UK PM May's Brexit deal next week.
Thursday 10th January: USDX Monthly supply-turned support area at 95.13-92.75 could potentially offer respite to the waning greenback today.
In recent sessions, four Fed Presidents advised moderation and caution in the central bank’s rate policy this year. In addition to this, the meeting minutes from the Fed’s December meeting also struck a dovish tone.
Wednesday 9th January: US and China narrow differences on trade; negotiations slip into today’s sessions.
The EU repeatedly stating that Brexit negotiations are not to be reopened, along with the UK government facing a defeat on the amendment to change the budget legislation .
Tuesday 8th January: US-China trade talks resume – USD weakened for a third consecutive day.
The US and China resumed talks on trade Monday in Beijing, with President Trump expressing optimism about the outcome because of the damage being inflicted by US tariffs on China’s economy.
Monday 7th January: Weekly technical outlook and review.
Friday’s non-farm payrolls widely exceeded expectations, adding 312k jobs in December compared to the 179k consensus. Average hourly earnings rose 0.4% last month, beating expectations of 0.3%, while the US unemployment rate ticked higher to 3.9% from 3.7%.
Friday 4th January: US non-farm payrolls next on tap – remain vigilant.
In recent sessions, the British pound recouped all of its lost ground from the so-called ‘flash crash’ observed in early Asian hours Thursday that struck lows of 1.2373.
Thursday 3rd January: US ADP non-farm employment numbers eyed today.
Apple’s recent announcement concerning a dismal quarter – and with some shock results in China partly to blame – rattled the Australian dollar in Asia trade today.
Holiday Trading Schedule Dec 2018– Jan 2019
Dear Traders, Please find our updated trading schedule for the Christmas, […]
