Key risk events today: FOMC Meeting Minutes. (Previous analysis as well as outside sources – italics). EUR/USD: EUR/USD bulls outperformed Tuesday, reclaiming 1.08 status in early trade and shaking hands with 1.09 into US hours. The US dollar index, or DXY, snapped a four-day bullish phase (EUR/USD snapped a six-day bearish run), drawing the US … Continue reading Wednesday 8th April: Technical Outlook and Review
Key risk events today: Australia Trade Balance; RBA Cash Rate and Rate Statement. (Previous analysis as well as outside sources – italics). EUR/USD: Monday put out a somewhat subdued session, with buyers/sellers feasting on sell-stop liquidity a touch beneath the 1.08 handle while simultaneously establishing minor support off the 161.8% H4 Fibonacci extension point at … Continue reading Tuesday 7th April: DXY Eyes 101.00 After Fourth Successive Daily Gain
Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.
Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP
Dear Trader,
Please find our updated Trading schedule as Australia will end Daylight Savings Time on Sunday, 5th April, 2020.
