Dec 15th, 2017: Euro Struggles on Inflation Concerns
December 15, 2017 9:12 amVideo
Latest News
- Technical Analysis – NZDUSD bounces off 5-month low April 17, 2024
- Overview for the EUR/USD pair on April 17th. There is no single reason for the euro to rise April 17, 2024
- Key events on April 17: fundamental analysis for beginners April 17, 2024
- Trading plan for GBP/USD on April 17. Simple tips for beginners April 17, 2024
- Trading plan for EUR/USD on April 17. Simple tips for beginners April 17, 2024
- Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Wednesday April 17, 2024. April 17, 2024
- Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024. April 17, 2024
- Forecast for EUR/USD on April 17, 2024 April 17, 2024
- Forecast for GBP/USD on April 17, 2024 April 17, 2024
- Forecast for USD/JPY on April 17, 2024 April 17, 2024
- Outlook for EUR/USD on April 17. A boring Monday seamlessly transitioned into a boring Tuesday April 17, 2024
- Will the euro manage to save itself? April 17, 2024
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
Morning Report: 07.00 London
The euro remains subdued this morning after heavy selling yesterday. The ECB maintained a positive economic outlook, but expressed on concerns over inflation increasing below target. The EUR/GBP slumped yesterday, with the EUR/USD reversing half of Wednesday’s gains.
With the exception of the euro, dollar pairs are performing well again this morning. The dollar index is set for its third loss in a row. The GBP/USD has a positive edge, while the AUD/USD has risen to its highest levels since the start of November.
The NZD/USD is the top performer this morning though, rallying 0.5% and reversing yesterday’s losses.
The yen pairs remain on the back foot, with the USD/JPY and EUR/JPY extending yesterday’s losses. The AUD/JPY is holding at the highs however.
Coming up today
MPC member Haldane speaks at 13.15.
We have Canadian manufacturing sales at 13.30, with US Empire State Manufacturing Index at 13.30.
At 14.15, we have US capacity utilisation rate and industrial production.
Trade Idea
The USD/JPY has reversed from these levels three times in the past and looks set to do so again.
A good way to play this is a LOWER trade predicting that the USD/JPY closes below 111.75 in 14 days for a potential return of 143%.
Related Posts: