June 26th, 2018: Yen Extends Gains on Flight to Safety
June 26, 2018 8:11 amVideo
Latest News
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
Morning Report: 07.00 London
The Japanese yen remains in favour amid a general flight to safety. Markets remains spooked by the prospect of a global trader war and confusing US messages over the treatment of foreign investments. The USD/JPY continues to drop from the highs as the yen takes control.
The AUD/JPY continues to suffer as the Australian dollar is caught out in fall out surrounding China’s prospects. The AUD/JPY is trading just above the 81.00 level. The GBP/JPY and EUR/JPY are holding up relatively well by contrast.
The US dollar is also losing ground to the safe haven of the Swiss franc, with the USD/CHF continuing to slip lower.
Generally, dollar pairs have a positive bias by contrast, with the GBP/USD and EUR/USD climbing higher. The AUD/USD is unchanged and struggling though.
Gold continues to sell-off, slipping towards the $1260 level.
Coming up today
Coming up today, we have MPC member Haskel speaking at 10,00, alongside MPC member
US Consumer confidence is at 15.00.
FOMC member Bostic speaks at 18.00.
Trade Idea
The Swiss franc is picking up the pace again as traders seek out safe harbours. With the dollar struggling, there’s further downside potential for the USD/CHF.
A good way to play this is a LOWER trade predicting that the USD/CHF will close below 0.9800 in 14 days for a potential return of 174% if successful.
Related Posts: