Category: Featured

The ECB cut growth forecasts and indicated rates would be on hold through 2019 (previously it had guided it would be on hold through summer).

Dear Trader, On Sunday the 10th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as the US will enter daylight savings. While trading for most products will remain unaffected,  there will be a change in the trading hours of some products. How Does This Change Affect you? The server … Continue reading Server Time Changing to GMT + 3

The Australian economy grew by 0.2% in seasonally adjusted chain volume terms in the December quarter, missing a consensus reading of 0.5%. The after-effects witnessed the commodity-linked currency cede ground against its US counterpart Wednesday, consuming H4 support at 0.7060

Tuesday’s headline seasonally adjusted IHS Markit/CIPS UK services PMI business activity Index registered 51.3 in February, up from a two-and-a-half year low of 50.1 in January.

EUR/USD: Despite substandard lower-tier data out of the US, the greenback (the US dollar index) extended gains Monday and tested highs of 96.82. A rising buck, as you can see, weighed on the euro. Following a sloppy retest to the underside of March’s opening level at 1.1373 on the H4 timeframe, the EUR/USD touched gloves … Continue reading Tuesday 5th March: BoE Gov. Carney due to testify before the House of Lords, in London