Macroeconomic data out of both the US and Europe was largely ignored Friday, as price continued to emphasise a consolidative phase into the close. The market clearly remains on the sidelines ahead of the critical trade talks at the G20 summit in Japan, Osaka.
Dear Trader, Please find our updated trading schedule for the Special Administrative Region Day Holiday in Hong Kong on Monday July 1st, 2019. All times mentioned below are Platform time (GMT +3) If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: support@icmarkets.com, or … Continue reading Hong Kong Special Administrative Region Day Holiday Schedule 2019
Key risk events today: German Prelim CPI m/m; US Final GDP q/q. EUR/USD: EUR/USD prices head into Asia Pac hours unchanged, by way of a clear-cut daily indecision candle. Macroeconomic data out of the US was largely ignored Wednesday – durable goods orders declined in May 1.3%, with core durable goods orders rising 0.3%. Technically … Continue reading Thursday 27th June: Dollar robust ahead of 96.00 ahead of US final GDP data.
Key risk events today: New Zealand Official Cash Rate and RBNZ Rate Statement; UK Inflation Report Hearings; US Core Durable Goods Orders m/m; US Durable Goods Orders m/m. EUR/USD: The shared currency concluded Tuesday’s session snapping a 4-day winning streak (supported by momentum flows after last week’s dovish FOMC), after shaking hands with a H4 … Continue reading Wednesday 26th June: Dollar snaps four-day losing streak and forms daily bullish engulfing candle.
Key risk events today: RBA Assist Gov Bullock Speaks; OPEC Meetings; FOMC Member Williams Speaks; US CB Consumer Confidence; US Richmond Manufacturing Index; Fed Chair Powell Speaks. EUR/USD: The greenback began the week on soft footing, testing and marginally surpassing the 96.00 handle (dollar index). This elevated the euro to a fresh three-month high at … Continue reading Tuesday 25th June: Dollar continues edging lower on rate-cut expectation.
