Despite Monday’s firm opening, The US dollar index’s recent advance, aided by an upbeat US Non-Manufacturing PMI reading, took a bite out of the British pound Tuesday, shedding more than 45 points, or 0.37%.
EUR/USD buyers entered an offensive phase Monday, adding 35 points, or 0.34%. The pair gathered traction on the back of upbeat Eurozone services PMIs and a better-than-anticipated Sentix index, released early London.
After challenging monthly highs at 1.1293 Wednesday, EUR/USD shifted lower and concluded the week revisiting the 200-day SMA , positioned a few points north of the 50-day SMA (blue – 1.1088).
The Australian dollar outpaced its G10 rivals Monday, jostling for top spot having made a firm breach of the 0.69 handle. H4 price, however, is now seen testing tops around the 0.6938-0.6929 region, which could prove problematic for buyers as we head into the festive period.
Dear Traders,
Please find our updated trading schedule for the Christmas, Boxing Day and New Year’s Day holidays below. All times mentioned in GMT +2.
Liquidity over the holidays is expected to be particularly thin so please take the necessary precautions to ensure you are not affected by increased volatility, spreads and intermittent pricing.
