The US unemployment rate also declined to 3.8%, beating expectations of 3.9%, and US average hourly earnings ticked higher at 0.4% vs. expected 0.3%.
Category: Featured
Friday 8th March: US non-farm payrolls eyed at 1.30pm GMT – remain vigilant.
The ECB cut growth forecasts and indicated rates would be on hold through 2019 (previously it had guided it would be on hold through summer).
Server Time Changing to GMT + 3
Dear Trader, On Sunday the 10th 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. How Does This Change Affect you? The server … Continue reading Server Time Changing to GMT + 3
Thursday 7th March: ECB Rate Decision & Press Conference takes centre stage today – the general message should remain cautious.
The Australian economy grew by 0.2% in seasonally adjusted chain volume terms in the December quarter, missing a consensus reading of 0.5%. The after-effects witnessed the commodity-linked currency cede ground against its US counterpart Wednesday, consuming H4 support at 0.7060
Wednesday 6th March: Greenback reigns supreme for a fifth consecutive day; eyeing a close above 97.00.
Tuesday’s headline seasonally adjusted IHS Markit/CIPS UK services PMI business activity Index registered 51.3 in February, up from a two-and-a-half year low of 50.1 in January.
