October 9th 2018: Dollar Mixed as Traders Seek Safe Havens
October 9, 2018 9:11 amVideo
Latest News
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- 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
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- 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
- Week Ahead – More inflation data on the way as rate cut bets thrown into disarray April 12, 2024
- Bitcoin will thrive during supply crisis April 12, 2024
- Technical Analysis – EURUSD plummets after US CPI and ECB decision April 12, 2024
Morning Report: 07.00 London
This morning, markets are choppy on growing concerns that are limiting risk appetite. Concerns mount over emerging currencies, China and the Italian economy.
The USD/JPY continues to fall from the highs around 114.50, with support at 113.00 the latest test. The EUR/JPY is following a similar path, with steady selling from 133.00 – The 130.00 level is holding for now. The GBP/JPY sold off yesterday like other yen pairs, but from a much stronger base. The AUD/JPY is out performing through, with the 80.00 level holding.
The AUD/USD is the exception amongst dollar pairs, rallying for the second day in a row.
The GBP/USD is slightly higher and holding up well on Brexit hopes, while the EUR/USD continues to struggle on Italy concerns. The EUR/GBP’s trend remains firmly lower, hitting its lowest level since June.
The USD/CHF’s power trend remains higher, pausing just below 0.9950. The USD/CAD’s uptrend remains firmly on track despite a rejection of the 1.3000 level yesterday.
Coming up today
Today we have MPC Member Broadbent speaking at 15.35.
Trade Idea
The pound is gathering some genuine Brexit momentum right now, while the euro faces increasing concerns over the state of Italian banks and bond market.
The EUR/GBP has sold off heavily in the past few weeks, but there could be room for further selling if bond concerns intensify.
A good way to play this is a ONE TOUCH trade predicting that the EUR/GBP will TOUCH 0.8650 with 14 days for a potential return of 148%.
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