Overall risk aversion, coupled with consequences of the Coronavirus, guided AUD/USD lower Monday, erasing more than 60 points and closing towards the bottom of its 0.6818/0.6752 range.
28
Jan
2020
Category: Featured
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26
Jan
2020
Monday 27th January: Weekly Technical Outlook and Review.
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Europe’s single currency glided to a fourth consecutive weekly loss vs. the buck in recent trade, as sellers strengthened their grip south of long-standing channel resistance, drawn from the high 1.1569.
24
Jan
2020
Friday 24th January: Pound Trades North of 1.31 Ahead of Key UK Manufacturing Data.
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Relatively subdued, sterling mildly dipped lower Thursday and refreshed daily lows around the 1.31 mark. As the market assesses the possibility of a BoE rate cut, focus shifts to todays UK flash PMI metrics, with consensus forecasting a rise across the board.
20
Jan
2020
Chinese Lunar Year Celebrations and Australia Day Trading Schedule
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Please note that with the upcoming Chinese Lunar Year Celebrations, IC Markets’ Trading Schedule will see temporary changes.
19
Jan
2020
Monday 20th January: Weekly Technical Outlook and Review.
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The US dollar continued to flourish against its major G10 peers Friday, crossing last Friday’s pre-NFP high of 97.58 (US dollar index). The greenback caught tailwinds from stronger-than-expected housing starts data, though largely ignored disappointing industrial production, mixed UoM (consumer sentiment) and US Treasury yields fading daily highs of 1.851%.