EUR/USD: Starved of support, the single currency fell sharply vs. its US counterpart Wednesday, down 0.77% as of writing. Capital continued to bolster the US dollar, forcing the dollar index, or ‘DXY’, above weekly resistance at 97.72 to fresh 2019 highs of 98.19. The euro was also affected by the move in German bonds and … Continue reading Thursday 25th April: Dollar extends advance and refreshes 2019 yearly highs
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WARNING: Potentially hazardous market conditions – Japanese golden week
Dear Trader, WARNING: Potentially hazardous market conditions – Japanese golden week Japan has an extended spring vacation, ‘Golden Week’, from 27th April to 6th May. This will be the longest market closure since the end of World War II, creating potentially hazardous market conditions due to the low liquidity expected across all markets during Asian hours. … Continue reading WARNING: Potentially hazardous market conditions – Japanese golden week
Wednesday 24th April: Dollar marks fresh 2019 high though may struggle to overthrow weekly resistance at 97.72.
Capital flooded into US markets Tuesday as many traders returned from the long holiday weekend. The US dollar index, or ‘DXY’, refreshed 2019 highs at 97.78, though is likely to find fresh opposition nearby at 97.72, a long-standing weekly resistance.
Tuesday 23rd April: FX markets look to shake off the long Easter weekend ahead of a thin macroeconomic calendar today.
The Australian dollar kicked off the week on a negative footing, down 0.20% against the US dollar. Despite Easter Monday’s thin conditions and an absence of tier 1 data, some analysts state the recent slide was the result of a waning US equity market.
Anzac Day Trading Hours 2019
Dear Trader, Please find our updated Trading schedule for the Anzac Day on Thursday, 25th April 2019 below. 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 phone +61 (0)2 8014 4280. Kind … Continue reading Anzac Day Trading Hours 2019