Category: Featured

Key risk events today: Australian Retail Sales m/m; US banks are closed in observance of Independence Day. EUR/USD: The EUR/USD extended its consolidation phase Wednesday, confined within a narrow trading band sub 1.13 on the H4 timeframe. Macroeconomic data out of the US came in lower than anticipated, though was largely ignored. US ADP Private-sector … Continue reading Thursday 4th July: US banks are closed in observance of Independence Day – liquidity may thin out.

Dear Trader, Please find our Updated trading schedule and general information for the US Independence Day Holiday starting Wednesday, 3rd July 2019 below. All 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. Forex  (Wed) … Continue reading US Independence Day Holiday Schedule 2019

Key risk events today: Australian Building Approvals and Trade Balance; UK Services PMI; MPC Member Broadbent Speaks; US ADP Non-Farm Employment Change; Canadian Trade Balance; US ISM Non-Manufacturing PMI. EUR/USD: In recent sessions, the EUR/USD spiked above 1.13 on the H4 following headlines via Bloomberg the European Central Bank (ECB) policymakers see no need to … Continue reading Wednesday 3rd July: Safe-haven assets push higher amid concerns over Federal Reserve rate policy and Trump trade wars.

Key risk events today: RBA Cash Rate and Rate Statement; OPEC-JMMC Meetings; FOMC Member Williams Speaks; RBA Gov. Lowe Speaks. EUR/USD: The US dollar index reigned supreme Monday, and the bid in safe-haven assets unwound after the outcome of the G20, with JPY, CHF and XAU seeing outflows. Data imbalance also favoured the buck, with … Continue reading Tuesday 2nd July: Dollar index eyes 97.00 amid improved market sentiment.

Macroeconomic data out of both the US and Europe was largely ignored Friday, as price continued to emphasise a consolidative phase into the close. The market clearly remains on the sidelines ahead of the critical trade talks at the G20 summit in Japan, Osaka.