The euro concluded the day unchanged between the 1.1366 highs and 1.1320 lows, and weathering mixed Eurozone flash PMIs and disappointing US durable goods orders.
22
Feb
2019
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21
Feb
2019
Thursday 21st February: French, German & Eurozone Flash PMIs on the radar in early London
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EUR/USD: The EUR/USD observed a sharp change in mood following the release of Wednesday’s Federal Open Market Committee’s (FOMC) January meeting minutes. Several officials saw a 2019 rate hike as a possibility if the economy remains on track. Although rising to a weekly peak of 1.1371, the pair turned southbound from the yellow zone marked … Continue reading Thursday 21st February: French, German & Eurozone Flash PMIs on the radar in early London
20
Feb
2019
Wednesday 20th February: Markets turn their attention to the Federal Open Market Committee’s (FOMC) January meeting minutes today – expect volatility.
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In the early hours of Tuesday’s segment, the Reserve Bank of Australia (RBA) in its February meeting minutes announced members agreed there was not a strong case for a near-term adjustment in monetary policy.
19
Feb
2019
Tuesday 19th February: UK employment figures eyed in early London hours.
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Pound sterling outperformed vs. its US counterpart Monday, in spite of a number of UK political headlines hitting the wires and a thin US session due to observance of Presidents’ Day.
17
Feb
2019
Monday 18th February: Weekly technical outlook and review.
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A break above 1.13 this week (and also the daily resistance at 1.1302) has the 1.1341 Feb 13 high to target on the H4 scale, shadowed closely by December’s opening level plotted at 1.1350.