Key risk events today: German Prelim GDP q/q; French Final CPI m/m; RBA Assist Gov Debelle Speaks; UK CPI y/y; UK PPI Input m/m. EUR/USD: In recent sessions, the US dollar strengthened in the wake of firm CPI data and positive developments on the US/China trade front. US Trade Representative Lighthizer announced that additional tariffs … Continue reading Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.
Dear Trader, Please find our updated trading schedule for the Assumption Day Holiday Schedule on Thursday August 15th, 2019. All times mentioned below are Platform time (GMT +3) If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: firstname.lastname@example.org, or phone +61 (0)2 8014 4280. … Continue reading Assumption Day Trading Schedule 2019
Key risk events today: UK Average Earnings Index 3m/y; UK Claimant Count Change; UK Unemployment Rate; German ZEW Economic Sentiment; US CPI m/m and Core CPI m/m. EUR/USD: Monday witnessed the FX space dominated by risk-off trade. Tensions in Hong Kong, and analysts noting Italian political woes, led a bid into perceived safe-haven assets. The … Continue reading Tuesday 13th August: US dollar index constrained by weekly resistance at 97.72.
Friday’s GDP statistics came in worse than markets had expected after it was revealed the economy shrank 0.2% in the second quarter of 2019. The disappointing surprise was immediately registered in sterling exchange rate markets, with the GBP/USD concluding the day down nearly 1.00%.
Key risk events today: UK GDP m/m; UK Manufacturing Production m/m; UK Prelim GDP q/q; Canadian Employment Change and Unemployment Rate; US Core PPI m/m and PPI m/m. EUR/USD: Speculative interest, for the most part, remains range bound, though 1.12 suffered a breach to the downside Thursday, consequently exposing June’s opening level at 1.1165 as … Continue reading Friday 9th August: Dollar index hampered by long-term weekly resistance at 97.72.