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03 Jul 2019

Wednesday 3rd July: Safe-haven assets push higher amid concerns over Federal Reserve rate policy and Trump trade wars.

IC Markets No Comments

Key risk events today: Australian Building Approvals and Trade Balance; UK Services PMI; MPC Member Broadbent Speaks; US ADP Non-Farm Employment Change; Canadian Trade Balance; US ISM Non-Manufacturing PMI. EUR/USD: In recent sessions, the EUR/USD spiked above 1.13 on the H4 following headlines via Bloomberg the European Central Bank (ECB) policymakers see no need to … Continue reading Wednesday 3rd July: Safe-haven assets push higher amid concerns over Federal Reserve rate policy and Trump trade wars.

02 Jul 2019

Tuesday 2nd July: Asian Shares Mixed as Investors Seek Progress in Renewed US-China Trade Negotiations

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei up 0.11%, Shanghai Composite down 0.24%, Hang Seng up 1.25%, ASX up 0.077% Commodities: Gold at $1394.45 (+0.37%), Silver at $15.21 (+0.13%), Brent Oil at $65.28 (+0.34%), WTI Oil at $59.17 (+0.14%) Rates : US 10-year yield at 2.015, UK 10-year yield at 0.818, Germany 10-year yield at … Continue reading Tuesday 2nd July: Asian Shares Mixed as Investors Seek Progress in Renewed US-China Trade Negotiations

02 Jul 2019

Tuesday 2nd July: Dollar index eyes 97.00 amid improved market sentiment.

IC Markets No Comments

Key risk events today: RBA Cash Rate and Rate Statement; OPEC-JMMC Meetings; FOMC Member Williams Speaks; RBA Gov. Lowe Speaks. EUR/USD: The US dollar index reigned supreme Monday, and the bid in safe-haven assets unwound after the outcome of the G20, with JPY, CHF and XAU seeing outflows. Data imbalance also favoured the buck, with … Continue reading Tuesday 2nd July: Dollar index eyes 97.00 amid improved market sentiment.

01 Jul 2019

Monday 1st July: Asian markets gain in early trading after US-China agree to resume negotiations

IC Markets No Comments

Global Markets: Asian Stock Markets : Nikkei up 2.15%, Shanghai Composite up 2.12%, Hang Seng down 0.28%, ASX up 0.44% Commodities: Gold at $1388.55 (-1.78%), Silver at $15.18 (-1.04%), Brent Oil at $66.44 (+2.63%), WTI Oil at $59.98 (+2.58%) Rates : US 10-year yield at 2.038, UK 10-year yield at 0.842, Germany 10-year yield at … Continue reading Monday 1st July: Asian markets gain in early trading after US-China agree to resume negotiations

30 Jun 2019

Monday 1st July: Weekly technical outlook and review.

IC Markets No Comments

Macroeconomic data out of both the US and Europe was largely ignored Friday, as price continued to emphasise a consolidative phase into the close. The market clearly remains on the sidelines ahead of the critical trade talks at the G20 summit in Japan, Osaka.