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EUR/USD bulls went on the offensive last week, sharply extending gains. Adding more than 250 points, price bettered long-term channel resistance, extended from the high 1.1569.

Key risk events today: Canada Employment Change and Trade Balance; US Unemployment Rate, US Average Hourly Earnings m/m, US Non-Farm Employment Change, US Unemployment Rate. (Previous analysis as well as outside sources – italics). EUR/USD: Regaining the 1.12 handle in recent trade, H4 price, leaving January’s opening level at 1.1222 unopposed, is now seen retesting … Continue reading Friday 6th March: NFP Day – Remain Vigilant

Dear Trader,
On Sunday the 08th of March, IC Markets Trading servers will move forward by one hour from GMT+2 to GMT+3 as the US will enter daylight savings.While trading for most products will remain unaffected,  there will be a change in the trading hours of some products.

Key risk events today: OPEC Meetings; BoE Gov Carney Speaks; BoC Gov Poloz Speaks. (Previous analysis as well as outside sources – italics). EUR/USD: For traders who read Wednesday’s technical briefing you may recall the following: The test of 1.12 could be interesting as possible resistance, having seen daily Quasimodo resistance at 1.1199 merge with … Continue reading Thursday 5th March: Technical Outlook and Review

The Federal Reserve surprised markets Tuesday, slashing interest rates amid concern about the potential economic toll of the coronavirus outbreak. Following a near to-the-point retest at 1.11, reinforced closely by February’s opening level at 1.1094, H4 price gained traction, eventually grasping the underside of 1.12.