Category: Featured

Please find our updated Trading schedule as US will enter Daylight Savings Time on Sunday, 03rd November, 2019.

The Federal Open Market Committee (FOMC) cut its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% on Wednesday, as expected, but specified the moves to ease policy could be approaching a pause.

Key risk events today: German Prelim CPI m/m; US ADP Non-Farm Employment Change; US Advance GDP q/q; US Advance GDP Price Index q/q; BoC Monetary Policy Report, Rate Statement, Overnight Rate and Press Conference; Crude Oil Inventories; FOMC Statement, Federal Funds Rate and FOMC Press Conference. EUR/USD: Europe’s shared currency settled a touch higher against … Continue reading Wednesday 30th October: Dollar index lower ahead of Fed meeting.

EUR/USD movement picked up a modest bid Monday amid risk-on trade, adding 20 points, or 0.19%. Overall, however, it was an otherwise quiet start to what indeed should be an eventful week ahead.

Brexit-related fears along with a strengthening greenback further weighed on the British pound Friday, positioning the H4 candles a few points north of the 1.28 handle.