Feb 5th, 2018: Dollar Still On Top
February 5, 2018 8:11 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Morning Report: 07.00 London
This morning, the US dollar is slipping back, but still remains in the driving seat after Friday’s rally. Friday saw a surge in interest for the dollar on better than expected Payroll data and bond yields. Speculation is now turning to the next rate hike as stock markets tumble.
The AUD/USD is one of the top performers after gapping lower at the open. The Aussie has some way to go to recover Friday’s losses though and indeed to regain the highs from just five days ago. The NZD/USD is performing better this morning, recovering from more moderate falls.
The GBP/USD is lagging this morning, with the EUR/GBP rallying for the third day in a row as the Brexit mood music turns sour. The EUR/USD saw relatively small losses Friday, putting the pair within a day’s session of the highs.
The yen pairs are mixed with some such as the AUD/JPY having to attempt a recovery for a deep gap lower. The USD/JPY is lower after rallying for the last three days.
The USD/CAD is slipping back after pair saw its biggest rally of 2018 Friday.
Coming up today
Today, we have UK services PMI at 09.30.
At 15.00, we get US ISM non manufacturing PMI.
ECB President Draghi speaks at 16.00.
Trade Idea
The pound has lost its latest Brexit confidence shine as Tory in-fighting and a tough European stance send the EUR/GBP higher.
With mounting pressure on Theresa May, the risks are skewed to the upside rather than the downside right now.
A good way to play this is a HIGHER trade predicting that the EUR/GBP will close above 0.8850 in 14 days for a potential return of 115%.
Related Posts: