Monday 11th February: Weekly technical outlook and review
Boasting historical significance as far back as early February 2015 and capping upside action since late October 2018, long standing support/resistance at 1.1465, once again, contained upside last week
Friday 8th February: Canadian job’s figures eyed in early US today – remain vigilant around this time
H4 timeframe reveals price established support off 1.29, despite an aggressive whipsaw to session lows at 1.2854 mid-ways through London Thursday, post BoE announcement.
Thursday 7th February: Bank of England takes centre stage today – remain vigilant.
EUR/USD: The single currency sustained further losses Wednesday amid disappointing German […]
Wednesday 6th February: Greenback records fourth consecutive daily gain – setting the stage for further buying above 96.00
UK PM May hit the wires, defending the need for 'legally binding changes' to the Irish backstop. In addition to this, May’s spokesman confirmed the PM is to meet with EU's Tusk and Juncker on Thursday.
Tuesday 5th February: US dollar on strong footing; weighs on counterparts.
Despite observing a brief flicker of activity around January’s opening level on the H4 timeframe at 1.1445, the single currency yielded ground to its US counterpart Monday.
Monday 4th February: Weekly technical outlook and review.
Traders, as pointed out in our previous weekly briefing, are urged not to overlook the current resistance level, as it boasts strong historical significance dating as far back as early February 2015
Friday 1st February: Greenback preserves gains above 95.50 ahead of today’s NFP report
ECB's Weidmann comments regarding poor German growth figures and several years until ECB's normalization, the H4 candles clocked session lows of 1.1435.
Thursday 31st January: US dollar under pressure; reclaims 95.30 to the downside on dovish FOMC.
On the much awaited FOMC rate decision holding pat in recent hours, dovish tweaks in the latest FOMC statement and Fed’s Powell stance shifting more dovish, the greenback fell sharply, printing fresh lows at 95.25.
Wednesday 30th January: FOMC rate decision & press conference eyed today.
The British pound, amid US trading hours, yielded ground to the US dollar, as the pair shrivelled over plan B Brexit concerns.
