Tuesday 7th May: Dollar remains languishing beneath weekly resistance; further downside possible.
Sterling reclaimed a large portion of Friday’s NFP-induced gains Monday, weakened on the back of comments from senior Labour figures, who chucked cold water over the prospect of an imminent cross-party development.
Monday 6th May: Weekly technical outlook and review.
Violating a two-week bearish phase within the parapets of a long-standing demand zone at 1.1119-1.1295, the EUR/USD recovered in reasonably strong fashion last week.
Friday 3rd May: Greenback eyes 98.00 ahead of today’s NFP.
The US dollar index also regained weekly resistance at 97.72, potentially offering support going forward.
Thursday 2nd May: Pound eyes 1.30 ahead of ‘Super Thursday’
Sterling maintained recent momentum Wednesday, reinforced by better-than-expected Markit manufacturing PMI as well as upbeat rhetoric regarding the state of cross-party Brexit negotiations.
Early May Bank Holiday 2019
Dear Trader, Please find our updated Trading schedule for the Early May […]
Wednesday 1st May: Dollar trades on the back foot ahead of the highly-anticipated FOMC meeting.
A faster-than-anticipated pickup in the Eurozone economy during the first quarter, as well as a diminishing greenback, elevated the H4 candles beyond its 1.12 neighbourhood to a session high of 1.1229.
Tuesday 30th April: Slew of Eurozone data eyed in early Europe – remain vigilant.
The price of gold, in $ terms, kicked off the week on a negative tone, concluding the day down nearly 0.50%. Reclaiming a large portion of Friday’s gains, daily flow is seen eyeballing a retest of a support area coming in at 1272.5-1261.5.
Monday 29th April: Weekly technical outlook and review.
In recent sessions, the US dollar fell as the market shrugged off a GDP beat. Despite this, the currency managed to hold the majority of the week’s gains around the 98.00 handle (US dollar index).
Labour Day Schedule 2019
Dear Trader, Please find our updated Trading schedule for the Labour Day on […]
