June 28th, 2018: Dollar Holds at Highs
June 28, 2018 10:11 pmVideo
Latest News
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
- Powell made a bold point, and Bailey did not report anything important April 18, 2024
- Will the euro take a risk? April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
Morning Report: 07.00 London
The US dollar index remains firmly in control as emerging market currencies continue to feel the heat. Trump has backed off from some of his trade comments, but the Greenback remains the power currency. The prospect of a global trade war may have diminished slightly, but the Chinese economy remains under intense scrutiny.
The dollar pairs are mixed through, with the AUD/USD rebounding off multi year support levels this morning.
The GBP/USD and EUR/USD are flat with a negative bias this morning though as the pairs look to extend the losing run.
The USD/CHF remains at the highs, as does the USD/CAD despite a recovery in oil price.
The yen pairs generally have a positive bias, as the USD/JPY nudges higher gain. The GBP/JPY is looking to reverse yesterday’s losses.
Gold continues to reverse though, with $1250 the next target.
Coming up today
Coming up today, we have Spanish flash CPI at 08.00.
Today is also day 1 of the EU economic summit.
US final GDP is at 13.30, released alongside unemployment claims.
MPC member Haldance speaks at 14.30.
FOMC member Bostic speaks at 17.00.
Trade Idea
The Aussie dollar is performing relatively well this morning, but pressure remains on the pair. The Chinese economy has other problems to worry about beyond trade tariffs such as a weakening currency, debt levels and questionable economic data.
With Australia reliant on China for growth, there could be further downside from here.
A good way to play this is a LOWER trade predicting that the AUD/USD will close below 0.7300 in 14 days for a potential return of 172%.
Related Posts: