Mar 6th, 2018: Loonie Hits Eight Month Low
March 6, 2018 8:11 amVideo
Latest News
- 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
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
Morning Report: 07.00 London
This morning, the Canadian dollar remains under pressure, flirting with eight month lows against the US dollar as NAFTA and tariff fears pile up.
The USD/CAD remains near the highs as the US dollar index recovers, climbing for the second day in a row.
The dollar pairs are mixed, with the AUD/USD and GBP/USD on the back foot. The Aussies is weaker after the RBA opted to keep rates on hold due to a weakening housing market.
By contrast, the EUR/USD is unchanged, with the NZD/USD making sizeable gains.
The yen pairs are generally under pressure, with the AUD/JPY and GBP/JPY the worst performers. The EUR/JPY is down only slightly, but has come some way off the morning’s highs.
Coming up today
FOMC member Dudley speaks at 12.30.
Canadian Ivey PMI is at 15.00.
MPC member Haldane speaks at 18.15.
RBA governor Lowe speaks at 21.35.
At 22.30, we have FOMC member Brainard speaking.
Trade Idea
The EUR/GBP has been on a strong run, but has failed to kick on from here in recent times.
There is a strong probability of a reversion back to the middle of the range of recent patterns hold.
A good way to play this is a LOWER trade predicting that the EUR/GBP will close below 0.8900 in 14 days for a potential return of 124%.
Related Posts: