Friday 15th March: US dollar turns higher breaking a four-day bearish phase
On more of a broader outlook, weekly price continues to reflect a bullish stance out of demand coming in at 1.1119-1.1295, eclipsing a large portion of the prior week’s losses.
Thursday 14th March: Sterling in the spotlight once again as MPs vote on delaying Brexit.
MPs rejected the United Kingdom leaving the European Union without a Brexit deal in any circumstances Wednesday as Parliament took control of Britain’s divorce from the bloc.
Monday 11th March: Weekly technical outlook and review
The US unemployment rate also declined to 3.8%, beating expectations of 3.9%, and US average hourly earnings ticked higher at 0.4% vs. expected 0.3%.
Friday 8th March: US non-farm payrolls eyed at 1.30pm GMT – remain vigilant.
The ECB cut growth forecasts and indicated rates would be on hold through 2019 (previously it had guided it would be on hold through summer).
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Thursday 7th March: ECB Rate Decision & Press Conference takes centre stage today – the general message should remain cautious.
The Australian economy grew by 0.2% in seasonally adjusted chain volume terms in the December quarter, missing a consensus reading of 0.5%. The after-effects witnessed the commodity-linked currency cede ground against its US counterpart Wednesday, consuming H4 support at 0.7060
Wednesday 6th March: Greenback reigns supreme for a fifth consecutive day; eyeing a close above 97.00.
Tuesday’s headline seasonally adjusted IHS Markit/CIPS UK services PMI business activity Index registered 51.3 in February, up from a two-and-a-half year low of 50.1 in January.
Tuesday 5th March: BoE Gov. Carney due to testify before the House of Lords, in London
EUR/USD: Despite substandard lower-tier data out of the US, the greenback […]
Monday 4th March: Weekly technical outlook and review.
The US ISM manufacturing PMI fell into contraction Friday, with all of the major components falling and/or missing expectations. The impact of the report sent H4 flow through 1.14, though swiftly pared gains at 1.1408 as the dollar recovered, buoyed by increasing US Treasury yields.
