EUR/USD: Weekly gain/loss: +0.42% Weekly close: 1.1203 Weekly perspective: Following a borderline breach to the lower edge of a long-standing demand at 1.1119-1.1295, EUR/USD bulls went on the offensive last week. Upside from this point shows room for extension to as far north as the 2019 yearly opening level at 1.1445, whereas a move lower … Continue reading Monday 27th May: Weekly technical outlook and review – US and UK bank closures today
Dear Trader, Please find our Updated trading schedule and general information for the UK Spring Bank & US Memorial Day Schedule Holidays starting Monday, 27th May 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 … Continue reading UK Spring Bank & US Memorial Day Schedule Holidays 2019
The market witnessed sterling spike higher on speculation UK PM May was to offer major concessions on Brexit in an effort to push a deal through Parliament.
The Australian dollar found broad support vs. the majority of its major rivals at the beginning of the week, a reaction to local elections: a surprise win for the Liberal-National coalition.
US dollar index picked up steam, this sent the EUR/USD to a session low of 1.1155 into the week’s close. With limited support/demand visible to the left of current price until reaching Quasimodo support at 1.1130
