Wednesday 14th August: Safe-haven currencies retreat on renewed trade optimism.

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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.

Assumption Day Trading Schedule 2019

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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: support@icmarkets.com, or phone +61 (0)2 8014 4280. … Continue reading Assumption Day Trading Schedule 2019

Tuesday 13th August: US dollar index constrained by weekly resistance at 97.72.

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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.

Monday 12th August: Weekly technical outlook and review

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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%.

Friday 9th August: Dollar index hampered by long-term weekly resistance at 97.72.

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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.