Tuesday 23rd April: Oil gains as US rolls back exemptions for Iranian oil purchases

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Global Markets: Asian Stock Markets : Nikkei up 0.19%, Shanghai Composite down 0.51%, Hang Seng down 0.16%, ASX up 0.95% Commodities : Gold at $1274.50 (-0.24%), Silver at $14.91 (-0.45%), Brent Oil at $74.47 (+0.58%), WTI Oil at $66.07 (+0.79%) Rates : US 10-year yield at 2.583, UK 10-year yield at 1.213, Germany 10-year yield … Continue reading Tuesday 23rd April: Oil gains as US rolls back exemptions for Iranian oil purchases

Anzac Day Trading Hours 2019

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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

Monday 22nd April: Weekly technical outlook and review.

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A brief recap of Friday’s segment on the H4 timeframe witnessed thin trading volume amid Good Friday. Following a mild bottom a few points north of April’s opening level at 1.1221, the EUR/USD spent the remainder of the day fluctuating within a tight range just below 1.1250.

Friday 19th April: Thin trading volume likely ahead as banks close in observance of Good Friday and Easter Monday.

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EUR/USD: The single currency ceded ground to the dollar Thursday, following sour IHS Markit PMI surveys. After a brief stopover at the underside of 1.13 on the H4 timeframe the EUR/USD fell sharply, conquering neighbouring trend line support (extended from the low 1.1183) and eventually dipping beneath the 1.1250 support.  Further weighing on the euro … Continue reading Friday 19th April: Thin trading volume likely ahead as banks close in observance of Good Friday and Easter Monday.