You are here: Home > articles > Forex > Mar 8th, 2018: Markets Stronger as Trump Softens Tariff Threat
Mar 8th, 2018: Markets Stronger as Trump Softens Tariff Threat
March 8, 2018 9:11 amVideo
Latest News
- Analysis for GBP/USD on April 16th. The pound should not count on support from Powell April 16, 2024
- Analysis for EUR/USD on April 16th. The southern trend has been put on pause for correction April 16, 2024
- USD/JPY: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- Trading Signals for GBP/USD for April 16-18, 2024: buy above 1.2405 or 1.2450 (21 SMA – 0/8 Murray) April 16, 2024
- EUR/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
- AUD/USD: Australian dollar remains under pressure April 16, 2024
- GBP/USD: trading plan for the US session on April 16th (analysis of morning deals). The pound was quickly bought back around April 16, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 16-18, 2024: buy above $62,500 (4/8 Murray – 21 SMA) April 16, 2024
- Technical Analysis – USDCAD blossoms ahead of central bank speeches April 16, 2024
- EUR/USD: trading plan for the US session on April 16th (analysis of morning deals). Fewer people are willing to sell euro April 16, 2024
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
Morning Report: 07.00 London
This morning, world markets are steady after Trump appeared to ease his stance on trade tariffs. The Canadian dollar has reversed recent weakness, while most other currencies are mixed. This comes amid concerns of a wider trade war after China and Australia posted larger than expected trade surpluses.
The dollar index is slightly lower this morning, extending Tuesday’s larger decline.
The euro is slightly weaker this morning against the dollar ahead of the ECB meeting. Most other currencies are following a similar trend.
Most other yen pairs have a negative bias, led by the EUR/JPY which is staging its first significant reversal of the week.
Coming up today
Today we have the ECB bid rate at 12.45 and press conference at 13.30.
At 13.30, we have Canadian building permits and NHPI.
US unemployment claims are also at 13.30.
BOC governor Poloz speaks at 16.00, with Gov council member Lane speaking at 20.35.
Trade Idea
The GBP/JPY is trading lower again this morning after a positive session yesterday.
Focus will be on the euro today with the ECB, but the pound’s troubles are far from over with Brexit still a far cry from being settled.
A good way to play this is a LOWER trade predicting that the GBP/JPY will close below 147.00 in 14 days for a potential return of 117%.
Related Posts: