Feb 26th 2019: Pound Holds Gains On Brexit Delay Hopes
February 26, 2019 12:11 pmVideo
Latest News
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
Morning Report: 07.00 London
The British pound is holding most of yesterday’s gains as traders bet on a Brexit delay, with an outside chance of a second referendum. The GBP/JPY is giving back some of yesterday’s gains after pushing higher to test 146.00. Meanwhile, the GBP/USD is building on yesterday’s rally that saw the pair push through the 1.3100 level. The pound continues to out-perform the euro, with the EUR/GBP slipping to below 0.8650 for the first time this month.
With the exception of the pound, dollar pairs are on the back foot, with the AUD/USD reversing all of yesterday’s gains. The EUR/ USD is also slipping back to test the 1.1350 level.
The USD/CAD is on the front foot and set to test 1.3200 as oil prices come under pressure. The USD/CHF remains rooted to the parity line.
The USD/JPY is also slipping back after failing to break through the 111.00 level. The EUR/JPY has also slipped back below a key level, as the pair loses the 126.00 level. The AUD/JPY is has erased most of yesterday’s gains after failing to break 80.00 at the third time of asking this month.
Coming up today
Today, we have inflation report hearings at 10.00.
At 14.45, we have Fed Chair Powell testifying.
US CB Consumer Confidence is at 15.00.
Trade Idea
The USD/JPY may be dipping this morning, but the trend since January 1st’s flash crash has been generally to push higher.
With yen demand weakening as global risk appetite increases, there could be further upside for the USD/JPY.
A good way to play this is a HIGHER trade predicting that the USD/JPY will close above 147.00 in 14 days for a potential return of 155%.
Related Posts: