Thursday 15th August: Trade optimism fades amidst concerns over global growth.
Key risk events today: Australia Employment Change and Unemployment Rate; French […]
Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.
Key risk events today: German Prelim GDP q/q; French Final CPI […]
Tuesday 13th August: US dollar index constrained by weekly resistance at 97.72.
Key risk events today: UK Average Earnings Index 3m/y; UK Claimant […]
Monday 12th August: Weekly technical outlook and review
Friday’s GDP statistics came in worse than markets had expected after it was revealed the economy shrank 0.2% in the second quarter of 2019. The disappointing surprise was immediately registered in sterling exchange rate markets, with the GBP/USD concluding the day down nearly 1.00%.
Friday 9th August: Dollar index hampered by long-term weekly resistance at 97.72.
Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; […]
Thursday 8th August: Technical outlook and review.
Key risk events today: Limited. EUR/USD: Since Tuesday, the H4 candles […]
Wednesday 7th August: Dollar index attempts recovery though remains capped by notable resistance.
Key risk events today: German Industrial Production m/m; RBA Assist Gov. […]
Tuesday 6th August: Dollar index eyes 97.00 after engulfing key support at 97.72.
Key risk events today: RBA Cash Rate and Rate Statement; FOMC […]
Monday 5th August: Weekly technical outlook and review.
Europe’s single currency relinquished additional ground to the dollar last week, clocking multi-year lows of 1.1026. Long-standing demand at 1.1119-1.1295, which capped downside since November 2018, is now in a vulnerable position after having its lower edge firmly submerged.
