Nov 17th, 2017: Dollar Retreats on Subpoena Talk
November 17, 2017 10:13 amVideo
Latest News
- 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
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
Morning Report: 07.00 London
The dollar index is on the back foot this morning on talk of Trump team members being under subpoena as part of the investigation into Russian interference. Yesterday’s poor jobless claims data has not helped.
The weak euro has helped some dollar pairs, notably the GBP/USD and EUR/USD which are climbing higher.
By contrast, the Australian dollar is struggling, alongside the NZD/USD as both currencies significantly underperform.
Yen pairs are on the back foot as money flows from the dollar into the yen, with the AUD/JPY one of the day’s biggest losers.
Coming up today
Today, we have ECB president Draghi speaking at 08.30.
Buba president Weidmann speaks at 13.00.
At 13.30, we have US building permits and housing starts, released alongside Canadian inflation data including CPI.
Trade Idea
The AUD/JPY downswing is getting firmly into gear, with more downside as the Australian dollar continues to weaken.
A good way to play this is LOWER trade predicting that the AUD/JPY will close below 85.00 in 14 days for a potential return of 101%.
Related Posts: