August 16th, 2018: Markets Rebound
August 16, 2018 6:11 amVideo
Latest News
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
- Technical Analysis – GBPUSD tries to recoup some losses April 18, 2024
- USD/JPY in crisis April 18, 2024
- EUR/USD: trading plan for US session on April 18. EUR gets stuck at 1.0686 April 18, 2024
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
Morning Report: 07.00 London
Emerging markets are recovering this morning, pulling demand for the safe havens of the US dollar and Japanese yen. This comes as the US and China are set to resume trade talks.
The Australian dollar is surging, with the AUD/USD erasing two days of losses, with the AUD/JPY recovering yesterday’s sell off. Aussie unemployment rate came in above expectations this morning.
The dollar pairs are generally on the rise, with the euro recovering off the lows. The EUR/USD, EUR/CHF and EUR/GBP are all positive after a short period of pressure.
The pound is lagging on mixed data. PPI came in above estimates, while RPI disappointed. Markets are eyeing UK retail sales later today.
Gold plunged below $1174 yesterday and touched a low of $1160 this morning before recovering to make small gains.
The US dollar is slipping back against the Swiss franc and Canadian dollar, but both remain rangebound.
Coming up today
Coming up today, we have UK retail sales at 09.30.
Canadian manufacturing sales are at 13.30.
At the same time, we get US building permits, housing starts and Philly Fed Manufacturing Index.
Trade Idea
The EUR/GBP is back on the rise again after a short period of pressure on Turkey contagion threat. The pound is still facing Brexit uncertainty though, so worth betting on further upside for the euro.
A good way to play this is a HIGHER trade predicting that the EUR/GBP will close above 0.9000 in 14 days for a potential return of 192%.
Related Posts: