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.
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.
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.
Dear Trader, Please find our updated Trading schedule and general information related to the Presidents Day Holiday on Monday, 18th February, 2019. All times mentioned below are Platform time (GMT +2) Forex (Mon) 18th February 2019 – Normal Trading Hours Precious Metals (Mon) 18th February 2019 – Early Close 20:00 Spot Energies (Mon) 18th February 2019 – XNGUSD & XTIUSD: Early Close … Continue reading Presidents Day schedule 2019
A blend of reasonably encouraging US macroeconomic data along with second-rate European and British numbers, specifically UK inflation, weighed on the single currency.
