Hong Kong SAR Establishment Day & US Independence Day holiday Trading schedule
Please find our Updated trading schedule for Hong Kong SAR Establishment Day and US Independence Day Holiday starting Tuesday, 30th July 2020 below.
Tuesday 30th June: Technical Outlook and Review
The euro ended a shade higher against the buck going into the European close Monday, after EUR/USD retreated south of 1.13 amid a healthy DXY bid. In the second half of last week, downside attempts were contained at 1.12 on the H4.
Hong Kong Special Administrative Region Day Holiday Schedule 2020
Dear Trader, Please find our updated trading schedule for the Special Administrative Region Day Holiday in Hong Kong on Monday July 1st, 2020.
Monday 29th June: Weekly Technical Outlook and Review
Europe’s shared currency settled Friday little moved, with downside attempts contained at 1.12. Quasimodo support at 1.1185 remains in the crosshairs south of the round number, as does the 127.2% Fibonacci extension point at 1.1150 and 50.00% retracement ratio at 1.1146.
Friday 26th June: Technical Outlook and Review
Fed by an additional wave of dollar bids – DXY crossed 97.50 – EUR/USD fell for a second consecutive session Thursday and shook hands with the 1.12 figure on the H4 timeframe.
Thursday 25th June: Technical Outlook and Review
Sterling witnessed a sharp change in mood Wednesday, unable to maintain a presence above 1.25 on the H4 timeframe. Undermined on the back of a resurgent dollar, GBP/USD established firm position sub 1.25 and, going forward, suggests 1.24 and April’s opening level at 1.2395 may make a show.
Wednesday 24th June: Technical Outlook and Review
Europe’s single currency extended upside Tuesday amid healthy Eurozone PMIs and additional dollar softening under 97.00 (DXY). Despite an early rebound from the underside of 1.13 on the H4 during early London hours (see M30 for clearer view), the level eventually yielded and unlocked the door to Quasimodo resistance nearby at 1.1340, which held into the close.
Tuesday 23rd June: Technical Outlook and Review
Upbeat risk sentiment weighed on the US dollar index Monday, firmly snapping a four-day bullish phase. EUR/USD H4 reclaimed 1.12+ status and recently conquered 1.1250, with eyes now on 1.13 as potential resistance, followed by a Quasimodo formation at 1.1340.
Monday 22nd June: Weekly Technical Outlook and Review
The British pound put in additional declines against the buck last week, extending south of the 61.8% Fibonacci retracement ratio at 1.2718 and 2019 yearly opening level at 1.2739. It should also be emphasised these levels are positioned beneath a long-term trend line resistance, etched from the high 1.5930.
