Tuesday 26th May: Technical Outlook and Review

IC Markets No Comments

Europe’s shared currency was somewhat muted south of 1.09 against the buck Monday, as US banks closed in observance of Memorial Day and UK banks in view of Spring Bank Holiday.

Monday 25th May: Weekly Technical Outlook and Review

IC Markets No Comments

In spite of clocking session highs at 1.1008, the attempt to regain footing above the 2016 yearly opening level at 1.0873 was abruptly denied, consequently reclaiming a large portion of the week’s upside.

US Memorial Day Holiday Schedule 2020

IC Markets No Comments

Dear Trader,Please find our Updated trading schedule for  US Memorial Day Schedule on  Monday, 25th May 2020 below. All times mentioned below are Platform time (GMT +3). 

Wednesday 20th May: Technical Outlook and Review.

IC Markets No Comments

Key risk events today: UK Inflation; Canada Inflation; BoE Gov. Bailey Speaks; FOMC Meeting Minutes. (Previous analysis as well as outside sources – italics). EUR/USD: Europe’s shared currency extended Monday’s vigorous recovery against the US dollar on Tuesday, scoring highs at 1.0976. EUR/USD, as you can see, tested H4 Quasimodo resistance at 1.0972, missing a … Continue reading Wednesday 20th May: Technical Outlook and Review.

Tuesday 19th May: Technical Outlook and Review

IC Markets No Comments

The euro kicked off the week strongly amid heightened risk appetite. EUR/USD rebounded from 1.08 following a slowing in Eurozone COVID-19 cases and reports France and Germany are now backing joint EU debt issuance.