Category: Featured

Key risk events today: Australia Building Approvals m/m; Australia Cash Rate and RBA Rate Statement; FOMC Members Evans, Clarida, Bullard and Bowman Speak; UK Manufacturing PMI; EUR CPI Flash Estimate y/y; RBA Gov Lowe Speaks; Canadian GDP m/m; US ISM Manufacturing PMI; German Buba President Weidmann Speaks. EUR/USD: Europe’s single currency kicked off a fresh … Continue reading Tuesday 1st October: Dollar index clocks YTD highs with weekly resistance at 99.62 likely next in the firing range.

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).