Please find our updated Trading schedule as US will enter Daylight Savings Time on Sunday, 03rd November, 2019.
Category: Featured
Thursday 31st October: Technical outlook and review.
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.
Wednesday 30th October: Dollar index lower ahead of Fed meeting.
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.
Tuesday 29th October: Safe-haven markets offered amid risk-on trade.
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.
Monday 28th October: Weekly technical outlook and review.
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.