March 15th 2019: Dollar Dips on China Trade Homes
March 15, 2019 9:11 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 dollar is on the back foot this morning on confidence for a break through between China and the US. The dollar pairs are on the front foot, led by the AUD/USD which has made good yesterday’s losses on hopes for a China rebound as trade talks enter their final phase.
The EUR/USD is also on the rise, and rebounding off the 1.1300 level. The EUR/GBP is on the front foot after further volatility for the pound yesterday.
In a surprise for nobody including the EU, the UK parliament yesterday support the move to delay Brexit. Although this was exactly what markets have been betting on for some time, the GBP/USD slipped lower yesterday after failing to break through 1.3300, with follow-on selling this morning. It appears to be a classic case of “buy the rumour, sell the news”.
The USD/CAD is slipping lower on US dollar weakness and heading for support around 1.3300. The USD/CHF is also continuing its slide, trading below 1.0050 and heading for the parity line once again.
The yen pairs are mixed, with the USD/JPY slipping lower in its attempt to break through 112.00 once again. This comes after the BOJ noted weakness in exports. The AUD/JPY is nudging higher for fourth day out of five and holding the 79.00 level. The EUR/JPY is unchanged after four days of gains, while the GBP/JPY is slipping back after failing to break through the 148.00 level
Gold is attempting a rally after crashing through the $1300 level.
Coming up today
Today, we have Canadian Manufacturing sales at 12.30.
US preliminary UoM consumer sentiment is at 14.00.
Trade Idea
The USD/CAD is poised for further downside and is set to break through the 1.3300 level for the first time since the beginning of the month.
With the US dollar easing off the accelerator, it could pay to bet on further downside from here.
A good way to play this is a LOWER trade predicting that the USD/CAD will close below 1.3250 in 14 days for a potential return of 144%.
Related Posts: