March 12th 2019: Sterling Rebounds On Brexit Deal Hopes
March 12, 2019 8:11 amVideo
Latest News
- EUR/USD: Simple trading tips for novice traders on May 28th (US session) May 28, 2024
- GBP/USD: trading plan for the US session on May 28th (analysis of morning deals). The pound hit a new monthly high May 28, 2024
- EUR/USD: trading plan for the US session on May 28th (analysis of morning deals) May 28, 2024
- USD/JPY: trading tips for beginners for European session on May 28 May 28, 2024
- Forex forecast 05/28/2024: EUR/USD, USD/JPY, Gold, Ethereum and Bitcoin from Sebastian Seliga May 28, 2024
- EUR/USD. May 28th. The bulls intend to reach the level of 1.1000 May 28, 2024
- Trading plan for EUR/USD on May 28. Simple tips for beginners May 28, 2024
- GBP/USD. May 28th. The pound sees no reason to stop at its current level May 28, 2024
- USD/JPY: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- Video market update for May 28, 2024 May 28, 2024
- GBP/USD: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- EUR/USD: Simple trading tips for novice traders on May 28th. Analysis of yesterday’s forex transactions May 28, 2024
- Low volatility across the board besides Bitcoin – Volatility Watch May 28, 2024
- Technical Analysis – EURCHF pulls back from 14-month peak May 28, 2024
- USA and Europe: market trends during the holidays May 28, 2024
- Market Comment – Euro takes advantage of weak dollar May 28, 2024
- Technical Analysis – EURJPY advances towards 40-year high May 28, 2024
- Technical Analysis – GBPUSD challenges new 2-month high May 28, 2024
- Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday May 28, 2024. May 28, 2024
- Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday May 28, 2024. May 28, 2024
Morning Report: 07.00 London
The pound is soaring on news that Theresa May has secured an ‘improved deal’ with the EU. These improvements leave a whole world of grey area though, with the changes being more language adjustments that wholesale changes. It remains to be seen if this will be enough to push the deal through parliament. Politics, as ever will be paramount.
The pound has jumped 1.50% against the US dollar so far this week, with gains of over 1.62% against the Japanese yen. The EUR/GBP is off by 1.26% as the pound out-performs the euro.
Away from the pound, dollar pairs generally performed well yesterday, with the AUD/USD rising above 0.7050, with small losses this morning.
The EUR/USD is following a similar pattern, with follow on buying yesterday that set the pair above 1.1250, with moderate selling this morning.
The dollar index is performing better this morning, with the USD/CAD nudging back above 1.3400 today after two days of losses.
The USD/CHF continues to perform well though, rising again above the 1.1000 level and holding so far.
Yen pairs are mixed, with the USD/JPY holding above 111.00. The AUD/JPY is falling back slightly, but holding above the 78.00 level. The EUR/JPY rebounded above the 1250.00.
Coming up today
Today, we have UK GDP at 09.30, with Manufacturing Production at the same time.
US CPI and CPI are at 12.30.
US FOMC member Brainard speaks at 12.45.
At parliamentary Brexit vote is scheduled today.
Trade Idea
The USD/JPY has been grinding higher since the new year flash crash and that could well continue into the remainder of the year.
A good way to play this is a HIGHER trade predicting that the USD/JPY closes above 112.00 in 45 days for a potential return of 184%.
Related Posts: