Monday 20th January: Weekly Technical Outlook and Review.

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The US dollar continued to flourish against its major G10 peers Friday, crossing last Friday’s pre-NFP high of 97.58 (US dollar index). The greenback caught tailwinds from stronger-than-expected housing starts data, though largely ignored disappointing industrial production, mixed UoM (consumer sentiment) and US Treasury yields fading daily highs of 1.851%.

Friday 17th January: Upbeat economic data drive Asian markets higher

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Global Markets: Asian Stock Markets : Nikkei up 0.47%, Shanghai Composite up 0.08%, Hang Seng down 0.07%, ASX up 0.32% Commodities : Gold at $1554.55 (+0.26%), Silver at $18.02 (+0.43%), Brent Oil at $64.58 (-0.06%), WTI Oil at $58.48 (-0.07%) Rates : US 10-year yield at 1.829, UK 10-year yield at 0.635, Germany 10-year yield … Continue reading Friday 17th January: Upbeat economic data drive Asian markets higher

Martin Luther King Day Trading Schedule 2020

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Please note that in observance of the upcoming Martin Luther King Day on Monday 20th January 2020, there will be temporary changes to IC Markets’ trading schedule.

Friday 17th January: Broad-Based USD Buying Weighs on G10 Peers.

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Key risk events today:  China GDP q/y; China Fixed Asset Investment ytd/y; China Industrial Production y/y; UK Retail Sales m/m; US Building Permits and Housing Starts; FOMC Member Harker Speaks; Prelim UoM Consumer Sentiment. (Italics represents previous analysis and outside sources) EUR/USD: Thursday had the EUR/USD refresh weekly highs at 1.1172 before rotating to the … Continue reading Friday 17th January: Broad-Based USD Buying Weighs on G10 Peers.