May 14th 2019: Haven Demand Slips
May 14, 2019 9:11 amVideo
Latest News
- Outlook for EUR/USD on April 15. The euro is already falling for no apparent reason! April 15, 2024
- Trading plan for GBP/USD on April 15. Simple tips for beginners April 15, 2024
- Trading plan for EUR/USD on April 15. Simple tips for beginners April 15, 2024
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
Morning Report: 07.00 London
Haven asset demand is slipping this morning despite the tariff battle rumbling on. The Japanese yen is hitting reverse gear hard, with the USD/JPY undoing nearly all of yesterday’s losses after hitting a low just above 109.00.
Other yen pairs are also recovering, with the AUD/JPY rebounding from below 76.00 this morning to make back most of yesterday’s losses. The EUR/JPY is performing better and is now positive for the week. The GBP/JPY is lagging however and struggling to regain the 143.00 level.
The dollar index is on the rise still though and is now higher on the week.
The EUR/USD is making small gains, but is also now positive for the week. By contrast the, GBP/USD continues to lag after heavy selling yesterday that pushed the pair to lows of 1.2950. The EUR/GBP continues to make consistent gains as the euro nudges higher.
Although higher this morning, the Australian dollar is lagging against the dollar and other dollar pairs after slumping heavily to 0.6940 yesterday.
The USD/CHF is recovering this morning after another heavy sell-off, this time to hit lows just above 1.0050. The EUR/CHF is also recovering, but there is still some way to go after slipping below 1.1300 at the close yesterday.
Coming up today
Today we have UK average earnings index at 08.30. At the same time, we get the unemployment rate and claimant count change.
German ZEW economic sentiment is at 09.00.
FOMC member George speaks at 16.45.
Trade Idea
The pound continues to struggle as European elections loom and Brexit negotiations enter a quiet period.
The pound could have further to fall and a good way to play this is a LOWER trade predicting that the GBP/USD will close below 1.2900 in 14 days for a potential return of 149%.