Key risk events today: Australia Trade Balance; RBA Cash Rate and Rate Statement. (Previous analysis as well as outside sources – italics). EUR/USD: Monday put out a somewhat subdued session, with buyers/sellers feasting on sell-stop liquidity a touch beneath the 1.08 handle while simultaneously establishing minor support off the 161.8% H4 Fibonacci extension point at … Continue reading Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain
Category: Featured
Monday 6th April: Weekly Technical Outlook and Review.
Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.
Friday 3rd April: DXY Bid Dominates Ahead of NFP
Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP
Australian Daylight Savings: Updated Trading Schedule 2020
Dear Trader,
Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 5th April, 2020.
Thursday 2nd April: US Dollar Index Struggles to Overthrow Daily Resistance at 99.62
The US dollar index is on track to net a solid start to Q2, though is currently trading off best levels ahead of 100.00 in wake of the final Markit manufacturing PMI for March and ISM surveys.