This morning, the dollar is slightly stronger, but there has been a muted reaction to the US government shutdown. The dollar index is slightly higher.
The dollar pairs are on the back foot with the EUR/USD sliding more than most ahead of Thursday’s ECB meeting. The euro’s underperformance is causing the EUR/GBP to slip lower again.
The yen pairs are on the mixed as money flows from the yen and into the dollar. The USD/JPY is on the rise, but other pairs are struggling with the EUR/JPY slipping lower again after gapping higher.
Coming up today
Today we have Canadian wholesale sales at 13.30.
Trade Idea
Despite the euro plunging last week, the EUR/GBP remains within largely within the trading range seen since the start of October.
Morning Report: 07.00 London
This morning, the dollar is slightly stronger, but there has been a muted reaction to the US government shutdown. The dollar index is slightly higher.
The dollar pairs are on the back foot with the EUR/USD sliding more than most ahead of Thursday’s ECB meeting. The euro’s underperformance is causing the EUR/GBP to slip lower again.
The yen pairs are on the mixed as money flows from the yen and into the dollar. The USD/JPY is on the rise, but other pairs are struggling with the EUR/JPY slipping lower again after gapping higher.
Coming up today
Today we have Canadian wholesale sales at 13.30.
Trade Idea
Despite the euro plunging last week, the EUR/GBP remains within largely within the trading range seen since the start of October.
A good way to play this is an IN/ OUT trade predicting that the EUR/GBP will close between 0.8850 and a low of 0.8750 within 14 days for a potential return of 145%.
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