August 20th, 2018: Dollar Steady On Trade Optimism
August 20, 2018 7:11 amVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
Morning Report: 07.00 London
The US dollar is in control in tentative trading this Monday morning. The AUD/USD has gapped lower after hefty gains on Friday following poor US consumer sentiment data on Friday. The GBP/USD and EUR/USD are retreating further after two days of gains.
The USD/CAD sunk heavily on Friday as the Canadian dollar responded to strong economic data, including a lift to CPI.
The EUR/GBP is dipping back after pushing again to the highs last week again. This morning’s pullback is shallow so far as Brexit fears trump concerns over Europe’s exposure to Turkey.
Coming up today
Today we have Canadian governing council member Wilkins speaking at 14.15.
FOMC member Bostic speaks at 16.00.
German Buba President Weidmann speaks at 17.00.
RBA governor Lowe speaks at 23.00.
Trade Idea
The USD/JPY is on the rise this morning, but the pair is continuing the slow decline from the July peak.
Movements won’t be huge considering the dollar and yen’s safe haven status, but lower levels are a likely target.
A good way to play this is a LOWER trade predicting that the USD/JPY will close below 110.00 in 30 days for a potential return of 141%.
Related Posts: