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Technical Analysis
Friday 14th August: Technical Outlook and Review

Europe’s shared currency accelerated to the upside against the US dollar Thursday, dragging EUR/USD north of 1.18 to highs just above 1.1850.

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Technical Analysis
Thursday 13th August: Technical Outlook and Review

The British pound maintained a mild bearish presence against the US dollar Wednesday, failing to glean much impetus from better-than-expected UK growth data. GBP/USD, based on the H4 timeframe, is seen floating north of the 1.30 key figure, a level boasting a connection with a Quasimodo support left shoulder (red arrow – 1.3004).

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Technical Analysis
Wednesday 12th August: Technical Outlook and Review

Major US benchmarks slipped lower on Tuesday, weighed by losses in technology stocks. The Dow Jones Industrial Average dropped 104.53 points, or 0.38%; the S&P 500 declined 26.78 points, or 0.80%, while the tech-heavy Nasdaq 100 concluded lower by 209.09 points, or 1.89%.

By IC Markets

Technical Analysis
Tuesday 11th August: Technical Outlook and Review

The US dollar index, or DXY, built on Friday’s advance during Monday’s session, clocking highs at 93.70. As a reminder, the DXY closed out last week recording a seventh consecutive decline.

By IC Markets

Recent
South Africa – National Women’s Day Trading Schedule 2020

Dear Trader, Please find our updated trading schedule for the South Africa - National Women's Day  on Monday August 10th, 2020.

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Technical Analysis
Monday 10th August: Weekly Technical Outlook and Review

Total US non-farm payroll employment rose by 1.8 million in July, the Bureau of Labour Statistics reported Friday. Although beating expectations, we’re still a long way off the 4.791 million rise in June, which is unsurprising due to increasing COVID-19 cases across the US.

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Technical Analysis
Friday 7th August: Technical Outlook and Review – NFP Eyed

Key risk events today: RBA Monetary Policy Statement; RBA Assist Gov […]

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Technical Analysis
Thursday 6th August: Technical Outlook and Review

Europe’s shared currency extended recovery gains against the US dollar Wednesday, making considerable headway north of 1.18 on the H4 timeframe and shaking hands with 1.19.

By IC Markets

Technical Analysis
Wednesday 5th August: Technical Outlook and Review

EUR/USD, on the H4 timeframe, touched gloves with the underside of 1.18 which, as you can see, held firm as resistance. North of here, voyaging to 1.19 is a possibility, whereas swinging lower from current price could push 1.17 back into the frame and trend line support, taken from the low 1.1254.

By IC Markets