Monday 16th September: Weekly technical outlook and review.
The post-European Central Bank (ECB) advance ran into fresh headwinds off the 1.11 handle Friday, withdrawing to a low of 1.1061 into the closing bell. Retail sales data out of the US favoured the greenback and sent US yields further to the upside.
Friday 13th September: Dollar index struggling to gain traction ahead of retail sales data.
The European Central Bank (ECB) went above and beyond on Thursday in rolling out an enormous stimulus package. The central bank unveiled fresh stimulus measures to bolster the eurozone,
Mid-Autumn Festival Holiday Schedule – 2019
Please find our updated Trading schedule for the Mid-Autumn Festival on 13th September 2019. Times mentioned below are Platform time (GMT +3).
Thursday 12th September: Euro tests 1.10 ahead of ECB policy decisions and President Draghi’s press conference.
Key risk events today: Europe Main Refinancing Rate and Monetary Policy […]
Wednesday 11th September: Dollar index hovering north of weekly support ahead of PPI data.
Key risk events today: US Core PPI m/m; US PPI m/m; […]
Tuesday 10th September: Pound prints bullish outside day ahead of UK job’s data.
Europe’s single currency managed to eke out gains versus its US counterpart Monday, although movement was watered-down by the absence of macroeconomic data and a wait-and-see stance ahead of the European Central Bank’s monetary policy meeting later this week.
Wednesday 4th September: Dollar reclaims 99.00 ahead of FOMC members taking the stage today.
Europe’s single currency staged a modest recovery after clocking near 28-month lows versus the US dollar Wednesday. A sharp intraday turnaround in US Treasury bond yields, dismal US ISM Manufacturing PMI data and help from daily demand coming in at 1.0851-1.0950 .
Tuesday 3rd September: Dollar index clocks fresh YTD highs; resistance at 99.62 eyed.
The US dollar index, calculated by factoring in the exchange rates of six major world currencies, continued to realise higher ground Monday. Despite US banks closing in observance of Labour Day, the index clocked fresh YTD highs beyond the 99.00 handle.
Monday 2nd September: Weekly technical outlook and review.
Snapping a two-week bullish phase, the GBP/USD curved lower a few points south of the 2017 yearly opening level at 1.2329 (resistance) last week, set a couple of points beneath a major resistance area at 1.2365-1.2615.
