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Trading Ideas: EUR; AUD; CAD; GBP


Good morning, London!
Here are some ideas for the session..
AUD
We start with the Aussie.

RBA
⬇️
  • The market decided to focus on the fact that a higher AUD could be problematic. So, despite the upbeat tone seen in the statement, the Aussie quickly reversed.
Copper ⬇️
  • Copper continued last week's downtrend. Although, be aware that today the red metal rebounded overnight.
Technical Structure ⬇️
[list][/list]…
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The Day Before: It was all about the #Yen

  • The JPY dragged all its crosses through the mud, breaking notable levels against the USD, EUR, and AUD.
  • Elsewhere, ECB Minutes showed that some members were looking for sharper cuts, which put the Single Currency under fire.

This article originally appeared at The F in Finance .

Follow me on Twitter: @thefinfinance
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FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.EUR: The Euro should be a weak currency at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the single currency rallying on safe-haven flows.GBP: The Pound is not as bad as it seems, at least by comparison, with the BoE members constantly statin…
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The Day Before: #Global #equities up; #Crude #Oil Stable

  • London opened with a positive risk sentiment. News from a rise in global commodity prices certainly helped, with Aussie and Kiwi outperforming throughout the day. However, the session started with both EUROstoxx50 and Crude Oil drifting lower.
  • At 9:30 AM GMT there was, perhaps, the most expected event of the day - UK Services PMI. Surprise, surprise, despite a negative deviation, Cable still managed to turn around and make new a high.
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#EUR finds some love

- On the back of a softer USD, the single currency seems to be finding some support and it's now trading above 1.09$.
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FX Fundamentals: #USD #EUR #GBP #JPY #CHF #CAD #AUD #NZD

USD: The Buck is, fundamentally, the strongest currency. However, the global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.

EUR:
The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. The global turmoil, however, might keep the single currency rallying on safe-haven flows.

GBP:
The Pound is as bad as it seems, at least by comparison, with the BoE member constantly stating…
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orto leave comments