Thursday 26th September: G10 pairs succumb as dollar reigns and tests 99.00+.
The US dollar index rebounded with a vengeance yesterday, enthused by comments from Fed-voter Evans, who took a somewhat more neutral stance as he noted the US economy is ‘quite solid and is posting good growth’.
Hong Kong National Day & Unification Day Holiday Schedule
Please find our updated Trading schedule for the Hong Kong National Day and Unification Day starting from 30th of September 2019. Times mentioned below are Platform time (GMT +3).
Wednesday 25th September: Formal Trump impeachment inquiry bolsters haven currencies.
EUR/USD bulls went on the offensive Tuesday, consequently snapping a two-day losing streak and adding more than 25 points, or 0.24%. Sentiment among German executives improved slightly, according to the Institute for Economic Research.
Tuesday 24th September: Dollar marginally higher ahead of consumer confidence data.
In the early hours of London Monday, Europe’s single currency experienced a sharp change in mood versus the buck, dropping on the back of disappointing Eurozone flash metrics across the board.
Monday 23rd September: Weekly technical outlook and review.
Optimism over EU’s Juncker’s comments regarding the possibility of a breakthrough on the Irish backstop turned out to be reasonably short lived. The British pound decisively switched lower vs. the dollar Friday following various EU officials claiming the UK has still not delivered proposals compatible with the principles of the existing Withdrawal Agreement.
Friday 20th September: Light economic calendar may draw technical levels to the forefront of action.
Key risk events today: Canada Core Retail Sales m/m and Retail […]
Thursday 19th September: Slew of Central banks take centre stage today – remain vigilant.
Key risk events today: Australia Employment Change and Unemployment Rate; BoJ […]
Wednesday 18th September: Dollar retreats ahead of today’s FOMC.
The British pound overturned Monday’s dip to sub-1.24 and refreshed tops beyond 1.25 to 1.2526 Tuesday. Renewed dollar weakness, despite upbeat industrial production data (low impact expected), helped regain traction.
Tuesday 17th September: Dollar index eyes 99.00 followed by weekly resistance at 99.62.
The euro lost out to the dollar on safe-haven grounds after the weekend oil site attacks in Saudi Arabia, aided also by dovish comments from ECB’s Lane who underscored the reasons behind last week’s multi-pronged policy easing.
