March 25th 2019: Euro Stable as Turkey Risk Continues
March 25, 2019 11:11 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 euro is recovering and maintaining some stability despite ongoing fears of trouble spreading from Turkey and the aftershocks from Friday’s data that have sparked Eurozone recession fears.
The EUR/USD is trading above 1.1300 after opening below these levels this morning. There is still some way to go to make back the losses of Thursday and Friday though. The EUR/GBP is also pushing higher after a Brexit relief move in favour of the pound. The EUR/JPY is holding above the 124.00 level this morning and following Friday’s sell-off test.
The dollar index has gapped higher slightly at the open, putting pressure on other dollar pairs. The GBP/USD is on the back foot, dipping below Friday’s close above 1.3200. The AUD/USD is posting small gains after two days of losses.
The USD/CAD is slipping back after pushing to test the 1.3450 level early this morning. Meanwhile, the USD/CHF continues to recover against the Swiss franc, posting gains after gapping higher to test the 1.000 level.
The USD/JPY has gapped higher at the open to test the 110.00 level as support. The GBP/JPY is lower for the fourth straight day. The AUD/JPY is holding the 78.00 level after gapping below on Friday.
Gold is working its way higher again, and is testing the $1320 for the second time in a week.
Coming up today
Today, we have US FOMC Member Evans speaking at 06.00.
German Ifo Business Climate is at 09.00.
Trade Idea
Despite last week’s extension, Brexit plans are still very much up in the air. There are still considerable downside risks to exploit over coming weeks.
A good way to play this is a ONE TOUCH trade predicting that the GBP/USD will touch 1.2800 within the next 14 days for a potential return of 156%.
Related Posts: