Europe’s shared currency staged a modest recovery against the buck last week, snapping a two-week bearish phase a few points ahead of the 2016 yearly opening level at 1.0873.
06
Oct
2019
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04
Oct
2019
Friday 4th October: Dollar on the backfoot ahead of US job’s data.
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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.
03
Oct
2019
Thursday 3rd October: US equities tumble consequently bidding safe havens higher.
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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.
02
Oct
2019
Australian Daylight Savings: Updated Trading Schedule 2019
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Please find our updated Trading schedule as Australia will enter Daylight Savings Time on Sunday, 6th October, 2019.
02
Oct
2019
Wednesday 2nd October: Weekly resistance 99.62 capping upside on dollar index; further selling possible.
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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.