Feb 22nd, 2018: Dollar Rebounds on Rate Hike Prospects
February 22, 2018 9:11 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
- EUR/USD: trading plan for the US session on April 15th (analysis of morning deals). Euro is at an impasse April 15, 2024
- GBP/USD: Will sterling hold steady against dollar? April 15, 2024
- Technical Analysis – USDJPY rallies to another fresh 34-year high April 15, 2024
- Will Netflix earnings take the share price closer to its record highs? – Stock Markets April 15, 2024
- EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024
- GBP/USD. April 15th. The dollar gains confidence April 15, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index April 15, 2024
- XM’s Heartfelt Ramadan Iftar Support April 15, 2024
- Weekly forecast based on simplified wave analysis of EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 15th April 15, 2024
- Technical Analysis – US 500 reverses towards 123.6% Fibonacci April 15, 2024
Morning Report: 07.00 London
This morning, the dollar index is on the rise again, marking a potential five straight days of gains for the Greenback. The latest move came after last night’s FOMC meeting minutes revealed a Fed leading to further rate hikes sooner than expected.
Dollar pairs sunk on the news, with the AUD/USD now down 1.35% on the week after heavy losses yesterday. The NZD/USD followed suit.
The pound gave back some of the week’s earlier gains after mixed data showed that the unemployment rate increased to 4.4%. The EUR/GBP saw some volatile trading yesterday, but ultimately ended higher, with further gains this morning as money flows back into the euro.
Some of the biggest recent gains for the dollar have come against the Swiss Franc, with the USD/CHF rallying for each of the last five sessions.
Yen pairs are mixed, with the EUR/JPY and GBP/JPY dropping off, while the USD/JPY and AUD/JPY remain unchanged.
Coming up today
Coming up today, we have German Ifo business climate at 09.00.
At 09.30, we get UK second estimate GDP and preliminary business investment.
The ECB monetary policy meeting accounts are released at 12.30.
Canadian core retail sales are at 13.30, alongside US unemployment claims.
US crude oil inventories are at 16.00.
FOMC member Bostic speaks at 17.10.
Trade Idea
All yen pairs have been pressured of late, but the AUD/JPY is the most vulnerable given its status as a pair traders like to dump in a crisis (and buy in times of growth).
A good way to play this is a LOWER trade predicting that the AUD/JPY will close BELOW 83.50 in 14 days for a potential return of 138%.
Related Posts: