The ECB cut growth forecasts and indicated rates would be on hold through 2019 (previously it had guided it would be on hold through summer).
Server Time Changing to GMT + 3
Dear Trader, On Sunday the 10th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as the US will enter daylight savings. While trading for most products will remain unaffected, there will be a change in the trading hours of some products. How Does This Change Affect you? The server … Continue reading Server Time Changing to GMT + 3
Thursday 7th March: ECB Rate Decision & Press Conference takes centre stage today – the general message should remain cautious.
The Australian economy grew by 0.2% in seasonally adjusted chain volume terms in the December quarter, missing a consensus reading of 0.5%. The after-effects witnessed the commodity-linked currency cede ground against its US counterpart Wednesday, consuming H4 support at 0.7060
Wednesday 6th March: Greenback reigns supreme for a fifth consecutive day; eyeing a close above 97.00.
Tuesday’s headline seasonally adjusted IHS Markit/CIPS UK services PMI business activity Index registered 51.3 in February, up from a two-and-a-half year low of 50.1 in January.
Tuesday 5th March: BoE Gov. Carney due to testify before the House of Lords, in London
EUR/USD: Despite substandard lower-tier data out of the US, the greenback (the US dollar index) extended gains Monday and tested highs of 96.82. A rising buck, as you can see, weighed on the euro. Following a sloppy retest to the underside of March’s opening level at 1.1373 on the H4 timeframe, the EUR/USD touched gloves … Continue reading Tuesday 5th March: BoE Gov. Carney due to testify before the House of Lords, in London