September 6th, 2018: Safe Haven Demand on Rise
September 6, 2018 10:11 amVideo
Latest News
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
- Trading Signals for BITCOIN (BTC/USD) for April 18-20, 2024: buy above $62,500 or $63,037 (4/8 Murray – rebound) April 18, 2024
- GBP/USD. April 18th. Andrew Bailey did not clarify the situation on QE April 18, 2024
- Trading Signals for GOLD (XAU/USD) for April 18-20, 2024: buy above $2,375 (6/8 Murray – 21 SMA) April 18, 2024
- Technical Analysis – Netflix stock moves within narrow range ahead of earnings April 18, 2024
Morning Report: 07.00 London
This morning, markets have a bias towards the safe havens of the Japanese yen and Swiss franc as concerns surrounding emerging market contagion increases.
The USD/CHF is slipping back lower following Tuesday’s rally. The 0.9700 is level is holding as support for now though. The EUR/CHF is dropping after three days of gains. The USD/JPY is slightly lower after the 111.50 resistance level is rejected.
The dollar index itself is making gains after losses yesterday.
The EUR/JPY and EUR/USD are on the back foot, with the EUR/GBP stable after yesterday’s Brexit induced volatility.
The GBP/JPY is only slightly on the back foot after solid Brexit and services PMI gains yesterday.
The Australian dollar continues to struggle though on China trade fears, with the AUD/USD set to test lows not seen since 2016. This comes despite better than expected trade balance at 14.30.
Coming up today
US ADP non farm employment change is at 13.15.
US ISM non-manufacturing PMI is at 15.00.
FOMC member Williams speaks at 15.00 as well.
US crude oil inventories are at 16.00.
SNB governing board member Zurbrugg speaks at 17.30, with RBC governing council member Wilkins speaking at 19.30.
Trade Idea
The Australian dollar continues to struggle in the face of emerging markets stress and China trade fears. At the same time, interest in the Swiss franc is increasing.
A good way to play this is a LOWER trade predicting that the AUD/JPY will close below 79.50 in 14 days for a potential return of 145%.
Related Posts: