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EUR/USD: Following Friday’s NFP-induced advance, the single currency encountered mild downside pressure Monday amid reports suggesting the European Central Bank (ECB) is mulling further easing. The euro concluded the day down 0.18% versus the US dollar. From a technical standpoint, EUR/USD bulls remain underlining an offensive state out of a long-standing weekly demand zone at … Continue reading Tuesday 11th June: Greenback attempting a recovery ahead of PPI numbers.

Dear Trader, Please find our updated Trading schedule for the Queen’s Birthday Holiday in Australia on Monday, 10th June 2019. 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 regards, IC Markets

Total nonfarm payroll employment edged up in May (+75,000); the unemployment rate remained at 3.6% and average hourly earnings also ticked lower by 0.2% vs. expected 0.3%, the US Bureau of Labour Statistics reported Friday.

Dear Trader, Please find our updated Trading schedule for Duan WU Holiday on Friday,  7th June 2019. 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 regards, IC Markets

EUR/USD: Wednesday witnessed additional USD selling materialise ahead of US trading, as Fed’s Brainard joined the dovish band and US ADP employment numbers reported less-than-stellar figures. Despite this, dollar bulls recovered amid hotter-than-expected ISM non-manufacturing data, lifting the index back above its 97.00 mark into the close. Note this action also formed a bullish engulfing … Continue reading Thursday 6th June: Greenback derives fresh impetus amid upbeat non-manufacturing data.