Renewed Brexit optimism as well as a waning buck provided a healthy boost to the British pound Thursday, clocking session highs at 1.2413 and running stops above the 1.24 handle on the H4 timeframe.
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Thursday 3rd October: US equities tumble consequently bidding safe havens higher.
US dollar index fell sharply Tuesday, weighed by technical selling off long-term weekly resistance at 99.62 and dismal US manufacturing data. Further losses were observed Wednesday, consequently propelling Europe’s shared currency higher for a second successive session.
Australian Daylight Savings: Updated Trading Schedule 2019
Please find our updated Trading schedule as Australia will enter Daylight Savings Time on Sunday, 6th October, 2019.
Wednesday 2nd October: Weekly resistance 99.62 capping upside on dollar index; further selling possible.
EUR/USD’s technical landscape reveals weekly price bottoming a few points north of 1.0873, the 2016 yearly opening level. This follows a breach of long-standing demand-turned resistance area at 1.1119-1.1295 in August.
Tuesday 1st October: Dollar index clocks YTD highs with weekly resistance at 99.62 likely next in the firing range.
Key risk events today: Australia Building Approvals m/m; Australia Cash Rate and RBA Rate Statement; FOMC Members Evans, Clarida, Bullard and Bowman Speak; UK Manufacturing PMI; EUR CPI Flash Estimate y/y; RBA Gov Lowe Speaks; Canadian GDP m/m; US ISM Manufacturing PMI; German Buba President Weidmann Speaks. EUR/USD: Europe’s single currency kicked off a fresh … Continue reading Tuesday 1st October: Dollar index clocks YTD highs with weekly resistance at 99.62 likely next in the firing range.