Persistent Brexit-related uncertainties continued to weigh on sterling Friday, down 0.26% against the buck. Following Wednesday’s completion of a head and shoulders topping formation off Quasimodo resistance at 1.2571.
The British pound ceded further ground to the buck Thursday, extending Wednesday’s precipitous 1.14% decline amid ongoing Brexit uncertainties and USD strength.
The US dollar index rebounded with a vengeance yesterday, enthused by comments from Fed-voter Evans, who took a somewhat more neutral stance as he noted the US economy is ‘quite solid and is posting good growth’.
Please find our updated Trading schedule for the Hong Kong National Day and Unification Day starting from 30th of September 2019. Times mentioned below are Platform time (GMT +3).
EUR/USD bulls went on the offensive Tuesday, consequently snapping a two-day losing streak and adding more than 25 points, or 0.24%. Sentiment among German executives improved slightly, according to the Institute for Economic Research.
