Thursday 10th October: US and Chinese officials square off today with higher tariffs looming if negotiators fail to break a five-month deadlock.
A spike in sterling to a session high of 1.2291 materialised amid London hours Wednesday, on the back of a time limited backstop rumour. The headline, however, was later denied by EU officials, also considered non-viable by DUP representatives.
Wednesday 9th October: Greenback buoyed north of 99.00 ahead of FOMC Meeting Minutes.
The US dollar index, or ‘DXY’, toppled its 99.00 threshold despite noticeably weaker-than-consensus US PPI data. Leaving 1.10 unchallenged, the H4 candles found resistance off September’s opening level at 1.0989, guiding the EUR/USD to a session low of 1.0940 on the day.
Tuesday 8th October: Dollar index trades south of 99.00; possible selling ahead.
Europe’s single currency kicked off the week subdued, ranging no more than 40 points against the US dollar. After clocking a session low of 1.0961, EUR/USD’s H4 candles shook hands with the key figure 1.10 (alongside September’s opening level at 1.0989) though failed to preserve an upside presence.
Monday 7th October: Weekly technical outlook and review.
Europe’s shared currency staged a modest recovery against the buck last week, snapping a two-week bearish phase a few points ahead of the 2016 yearly opening level at 1.0873.
Friday 4th October: Dollar on the backfoot ahead of US job’s data.
Renewed Brexit optimism as well as a waning buck provided a healthy boost to the British pound Thursday, clocking session highs at 1.2413 and running stops above the 1.24 handle on the H4 timeframe.
Thursday 3rd October: US equities tumble consequently bidding safe havens higher.
US dollar index fell sharply Tuesday, weighed by technical selling off long-term weekly resistance at 99.62 and dismal US manufacturing data. Further losses were observed Wednesday, consequently propelling Europe’s shared currency higher for a second successive session.
Australian Daylight Savings: Updated Trading Schedule 2019
Please find our updated Trading schedule as Australia will enter Daylight Savings Time on Sunday, 6th October, 2019.
Wednesday 2nd October: Weekly resistance 99.62 capping upside on dollar index; further selling possible.
EUR/USD’s technical landscape reveals weekly price bottoming a few points north of 1.0873, the 2016 yearly opening level. This follows a breach of long-standing demand-turned resistance area at 1.1119-1.1295 in August.
Tuesday 1st October: Dollar index clocks YTD highs with weekly resistance at 99.62 likely next in the firing range.
Key risk events today: Australia Building Approvals m/m; Australia Cash Rate […]
