This morning, the US dollar index is pausing after extending it’s impressive bull run yesterday. US treasury yields approached 3% as earnings from tech giants continued to impress.
The dollar pairs are recovering, with small gains this morning following another day of losses. The GBP/USD made it five straight days of losses yesterday, while the NZD/USD is continuing to sell-off, falling for six straight days.
The EUR/USD is finding support at the 1.2200 level, underling its general relative strength over the last seven days. The EUR/GBP is unchanged this morning. European PMI data largely came out better than expected yesterday.
The AUD/USD is trading higher after three days of straight losses. CPI data largely came out as expected this morning.
The USD/JPY surged yesterday, with 109.00 the next challenge. Yen pairs are generally mixed, with gains for the EUR/JPY.
Coming up today
This morning, we have German Ifo business climate at 09.00.
At 09.30, we have UK public sector net borrowing.
US consumer confidence follows at 15.00.
Trade Idea
This morning, the USD/JPY is on the rise, helped by the ever weakening yen and the resurgent US dollar.
The trend looks well worth following, with a HIGHER trade a good way to play this.
Morning Report: 07.00 London
This morning, the US dollar index is pausing after extending it’s impressive bull run yesterday. US treasury yields approached 3% as earnings from tech giants continued to impress.
The dollar pairs are recovering, with small gains this morning following another day of losses. The GBP/USD made it five straight days of losses yesterday, while the NZD/USD is continuing to sell-off, falling for six straight days.
The EUR/USD is finding support at the 1.2200 level, underling its general relative strength over the last seven days. The EUR/GBP is unchanged this morning. European PMI data largely came out better than expected yesterday.
The AUD/USD is trading higher after three days of straight losses. CPI data largely came out as expected this morning.
The USD/JPY surged yesterday, with 109.00 the next challenge. Yen pairs are generally mixed, with gains for the EUR/JPY.
Coming up today
This morning, we have German Ifo business climate at 09.00.
At 09.30, we have UK public sector net borrowing.
US consumer confidence follows at 15.00.
Trade Idea
This morning, the USD/JPY is on the rise, helped by the ever weakening yen and the resurgent US dollar.
The trend looks well worth following, with a HIGHER trade a good way to play this.
A HIGHER trade predicting that the USD/JPY will close above 109.50 in 14 days could return 185% if successful.
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