Feb 2nd, 2018: Steady Fed Helps Support Dollar
February 1, 2018 9:11 amVideo
Latest News
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- 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
Morning Report: 07.00 London
The dollar is on the rise this morning, supported by an in-line Final Fed meeting for departing chair Janet Yellen. Dollar pairs are on the back foot, with the AUD/USD leading the fallers, down 0.48%.
Most other dollar pairs are lower, with the EUR/USD and GBP/USD falling by the same measure. The NZD/USD is reversing lower, in line with the AUD/USD. Meanwhile, the USD/CHF and USD/CAD are both rising.
The yen pairs are on the rise, led by the GBP/JPY which is posting its third straight day of gains. The USD/JPY is rising for the second day off the lows.
Gold is slipping from the highs by contrast.
Coming up today
Coming up today, we have UK manufacturing PMI at 09.30.
At 13.30, we have US preliminary non farm productivity, preliminary unit labor costs and unemployment claims.
At 15.00, we have ISM manufacturing PMI.
Trade Idea
Despite Brexit uncertainty, the GBP/JPY is still within touching distance of the highs.
With the yen on the back foot, there could be more upside for the pair form here.
A good way to play this is a HIGHER trade predicting that the GBP/JPY will close above 156.50 in 14 days for a potential return of 139%.
Related Posts: