May 16th, 2018: Dollar in Control on Manufacturing Boost
May 16, 2018 8:11 amVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
Morning Report: 07.00 London
This morning, the dollar remains in control as risk factors flood into global markets. North Korean talks have collapsed, with Pyongyang blaming the one sided nature of demands and negotiations.
Dollar pairs generally are unchanged this morning, but pressure remains. The euro is under particular pressure, after documents released from the Five Star movement revealed initial desires to remove Italy from the euro. The EUR/USD plunged yesterday, while the EUR/GBP slipped to two straight losses in a low.
The EUR/GBP has a positive bias yesterday, but there were significant losses yesterday There is considerable pressure on the euro, despite UK earnings and unemployment claims data disappointing.
The USD/JPY has continued to climb, breaking the 110.00 level. Other dollar pairs have been more circumspect, with the EUR/JPY lagging behind.
Gold suffered heavy selling yesterday as the dollar takes control.
Coming up today
Today we have Canadian manufacturing sales at 13.30.
At the same time, we have US building permits and housing starts. FOMC member Bostic speaks at the same time.
At 14.15, we have capacity utilisation rate and industrial production.
US Mortgage delinquencies are at 15.00, with crude oil inventories released at 15.30.
BOC governing council member Schembri speaks at 17.00, with SNB chairman Jordan speaking at the same time.
Trade Idea
The euro continues to struggle, not helped by ongoing problems in Italy which hint at cracks within a core EU nation.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.1800 in 14 days for a potential return of 135%..
Related Posts: