Friday 1st March: Slew of high-impacting macroeconomic data eyed today – volatility expected.
Underpinned by a better-than-expected US growth reading as well as an upbeat Chicago PMI, the US dollar index advanced to a high of 96.28 Thursday, registering its second consecutive daily gain.
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Thursday 28th February: Month-late US GDP data eyed in early US hours.
The value of the euro weakened against its US counterpart Wednesday, snapping a two-day bullish phase. A revival of USD bidding, driven by advancing US Treasury yields, weighed on the EUR/USD.
Wednesday 27th February: Canadian inflation eyed in early US trade – remain vigilant.
Pressured by declining US Treasury yields, the US dollar Index (calculated by factoring in the exchange rates of six major world currencies) extended losses Tuesday, shaking hands with its lowest level in three weeks at 95.95.
Tuesday 26th February: Fed Chair Powell testifies in early US hours – remain vigilant around this time, traders.
Sterling marginally breached 1.31 to the upside Monday and tested February’s opening level plotted nearby at 1.3108 (H4), following news UK Labour would support a second referendum should the Brexit deal be rejected this week.
Monday 25th February: Weekly technical outlook and review.
Worries in the German business world continued to grow Friday, following the ifo Business Climate Index falling from 99.3 points (seasonally adjusted) in January to 98.5 points in February.
Friday 22nd February: Slew of FOMC members take to the stage today – remain vigilant, traders.
The euro concluded the day unchanged between the 1.1366 highs and 1.1320 lows, and weathering mixed Eurozone flash PMIs and disappointing US durable goods orders.
Thursday 21st February: French, German & Eurozone Flash PMIs on the radar in early London
EUR/USD: The EUR/USD observed a sharp change in mood following the […]
Wednesday 20th February: Markets turn their attention to the Federal Open Market Committee’s (FOMC) January meeting minutes today – expect volatility.
In the early hours of Tuesday’s segment, the Reserve Bank of Australia (RBA) in its February meeting minutes announced members agreed there was not a strong case for a near-term adjustment in monetary policy.
