May 1st, 2018: Dollar Steady Ahead of Fed & NFP
May 1, 2018 9:11 amVideo
Latest News
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- GBP/USD: Simple trading tips for novice traders on April 16th (US session) April 16, 2024
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- 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
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- 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
The dollar continues to hover at the highs this morning. This 15 week high comes despite stock markets peeling off the highs and a massive day tomorrow. Wednesday brings both Non Farm Payrolls and the latest FOMC meeting.
Dollar pairs are mixed, with the AUD/USD lifting off the highs. By contrast, the EUR/USD and GBP/USD are making further (minor) losses ahead of public holidays across mainland Europe. The EUR/GBP is unchanged so far, following losses yesterday.
Both the USD/CHF and USD/JPY continued to climb yesterday, with 0.9950 now the next target for the Swissy.
Gold continues to retreat, with $1310 the next likely support level.
Coming up today
This morning, we have UK manufacturing PMI and net lending to individuals at 09.30.
RBA governor Lowe speaks at 10.20.
Canadian GDP is at 13.30.
US ISM Manufacturing PMI is at 15.00.
BOC governor Poloz speaks at 19.30.
New Zealand employment changed data is at 23.45.
Trade Idea
The USF/CHF continues to travel well, propelled by the weakening Swiss franc and powerful US dollar.
Tomorrow’s FOMC could see recent gains accelerate and a good way to play this is a ONE TOUCH trade predicting that the USD/CHF will touch 1.0050 or higher within the next 14 days for a potential return of 186%.
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