Monday 13th January: Weekly Technical Outlook and Review.
Wednesday, in the shape of a 47-point downward move, overthrew not only the 200-day SMA (orange – 1.1139) but also a local channel support, taken from the low 1.0981. The nearby 50-day SMA (blue – 1.1090) entered the fold Friday, providing support by way of a bullish engulfing candle over Thursday’s doji indecision formation.
Friday 10th January: Dollar Index Advances Ahead of Non-Farm Payrolls Data.
Thursday had the euro slightly softer against a sturdier buck, as the US dollar index, or DXY, elbowed above 97.50. As of current price, buyers and sellers are squaring off a touch below the 1.11 handle on the H4 timeframe.
Thursday 9th January: Marked Improvement in Market Sentiment; Dollar Overpowers 97.00.
Europe’s single currency ceded further ground to the US dollar Wednesday, shedding 0.42% and clocking near-two-week lows a few points north of the 1.11 handle.
Wednesday 8th January: Risk Aversion Bolsters Safe-Haven Markets.
Despite Monday’s firm opening, The US dollar index’s recent advance, aided by an upbeat US Non-Manufacturing PMI reading, took a bite out of the British pound Tuesday, shedding more than 45 points, or 0.37%.
Tuesday 7th January: Dollar Lower Amidst Escalating US-Iran Tensions.
EUR/USD buyers entered an offensive phase Monday, adding 35 points, or 0.34%. The pair gathered traction on the back of upbeat Eurozone services PMIs and a better-than-anticipated Sentix index, released early London.
Monday 6th January: Weekly Technical Outlook and Review.
After challenging monthly highs at 1.1293 Wednesday, EUR/USD shifted lower and concluded the week revisiting the 200-day SMA , positioned a few points north of the 50-day SMA (blue – 1.1088).
Tuesday 24th December: Technical Outlook and Review.
The Australian dollar outpaced its G10 rivals Monday, jostling for top spot having made a firm breach of the 0.69 handle. H4 price, however, is now seen testing tops around the 0.6938-0.6929 region, which could prove problematic for buyers as we head into the festive period.
Holiday Trading Schedule Dec 2019– Jan 2020
Dear Traders, Please find our updated trading schedule for the Christmas, Boxing Day and New Year's Day holidays below. All times mentioned in GMT +2. Liquidity over the holidays is expected to be particularly thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing.
Monday 23rd December: Weekly Technical Outlook and Review.
Sterling decisively reclaimed GE-related gains last week as sellers strengthened their grip and snapped a three-week winning streak. After topping at the 2018 yearly opening level drawn from 1.3503 the week prior, price crossed back through long-standing trend line resistance, pencilled in from the high 1.5930.
