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EUR/USD: The single currency ceded ground to the dollar Thursday, following sour IHS Markit PMI surveys. After a brief stopover at the underside of 1.13 on the H4 timeframe the EUR/USD fell sharply, conquering neighbouring trend line support (extended from the low 1.1183) and eventually dipping beneath the 1.1250 support.  Further weighing on the euro … Continue reading Friday 19th April: Thin trading volume likely ahead as banks close in observance of Good Friday and Easter Monday.

EUR/USD: Trading volume remained thin Wednesday as markets begin edging their way into the Easter holiday. As demonstrated on the H4 timeframe, price continues to range, limited by 1.1323/1.1280 (yellow). It might also be worth pencilling in the 1.13 handle housed within the consolidation and the surrounding channel (ascending) formation (1.1183/1.1254). In addition to this, … Continue reading Thursday 18th April: Euro consolidates around 1.13 ahead of today’s Eurozone PMIs

EUR/USD: The single currency soured in the face of a healthy dollar Tuesday, consequently reclaiming 1.13 to the downside on the H4 timeframe. According to our technical studies, the move potentially sets the stage for a run towards channel support (extended from the low 1.1183), followed by 1.1250 support. Assisting sellers is channel resistance (taken … Continue reading Wednesday 17th April: Focus shifts to UK inflation in early London – remain vigilant

Dear Trader, Please find our Updated trading schedule and general information for the Easter Holidays starting Friday, 19th April 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: (Fri) 19th April … Continue reading Easter Holidays Schedule 2019

Global Markets: Asian Stock Markets : Nikkei up 0.30%, Shanghai Composite up 1.50%, Hang Seng up 0.74%, ASX up 0.40% Commodities : Gold at $1287.35 (-0.31%), Silver at $14.90 (-0.49%), Brent Oil at $71.06 (-0.17%), WTI Oil at $63.38 (-0.03%) Rates : US 10-year yield at 2.549, UK 10-year yield at 1.222, Germany 10-year yield … Continue reading Tuesday 16th April: Asian markets higher; trade talks continue to dictate markets