” The dollar slipped lower on Tuesday giving back some of the previous sessions gains, while the pound regained ground after falling to eleven-month lows amid worries over the growing prospect of a no-deal Brexit.
The , which measures the greenback’s strength against a basket of six major currencies, was down 0.17% to 95.03 by 03:29 AM ET (07:29 AM GMT), after edging up close to a one-year high of Monday.
Demand for the dollar continued to be underpinned by expectations for a faster pace of interest rates hikes from the Federal Reserve this year.
was up 0.15% to 1.2962 after falling as low as 1.2919 on Monday, pressured lower by fears that Britain is on course to with no deal.”
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” A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict.
Spreadbetters expected European stocks to open slightly higher, with Britain’s rising 0.1 percent, Germany’s advancing 0.15 percent and France’s adding 0.13 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.35 percent.
The rose 1.4 percent as investors snapped up shares that were hit hard during a four-day losing run.
Chinese equities were expected to remain volatile as Beijing’s trade feud with Washington showed little signs of de-escalation. ”
“The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises.
Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT on Tuesday, followed by a testimony at the same time on Wednesday to the House of Representatives Financial Services Committee.”
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I don’t think that that the Asian session will be too active, but the speech of Carney can move the GBP. The other big speech will be Powell’s this afternoon (EU time), so I’ll try to close all trades before his speech.
PAIRS TO CHECK
The CHF pairs will probably turn on Tuesday. The CHF is overbought and many CHF pairs shows reversal.
EUR and USD. In the last days the EUR gained the USD felt. We have to check the news and the charts, because the reversal is near. EURUSD will probably provide the biggest movement if the reversal starts.
USDCHF is my third pick. Another good combination of the oversold and overbought pairs.
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The tradeing day will start with some Japanese numbers. I am waiting for weaker JPY on Monday, and the expectation is negative to the economy datas, that can help.
The US session is about speeches. Some FOMC member’s speeches will able to generate movements and ECB’s Mario Draghi speech can also make bigger movements.
PAIRS TO CHECK
AUDJPY is one of the JPY pairs I will check on monday. AUD will be one of the best pairs for tomorrow.
CHFJPY is already a confirmed trade for us. We’ll see, maybe this will be first trade on Monday.
USDCHF will be a very good trade, based on technicals and on fundamentals too. The USD will probably fall on Monday and that will help me to earn nice income.
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The Australian Employment Change can be the first market mover of this day, but not the most important. Investors will wait for the European Central Bank’s Interest Rate Decision and the Press Conference after it. The important US Sales news will be published when the ECB Press Conference will start, so I don’t think that we have to check these news. 99% that these datas will not move the market, the speech will do it. The EUR’s movement will push or pull the other currencies to a random direction.
PAIRS TO CHECK
I have 2 AUD pairs to check. This is the easiest one, because if it confirms, it will probably reach profit without any problem.
The 2nd one, the EURAUD is not that easy. If it won’t be closed before the ECB decision, it will probably go to the other direction (my bet is a positive EUR after the decision and the press conference).
So be carefull and check the new trades on HundredToMillion.com.
“The Federal Reserve raised interest rates by a quarter point on Wednesday, its second rate hike this year, and signalled a faster pace of rate hikes this year.
The Federal Open Market Committee increased the overnight funds rate to a range of
“The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective over the medium term,” The Federal Reserve said in a statement.”
” Federal Reserve Chairman Jerome Powell has repeatedly played down the central bank’s “dot plot” as a guide to future interest rates, but Wall Street just won’t take the hint.
While the Federal Open Market Committee is almost certain to raise rates a quarter point at the close of a two-day meeting Wednesday, investors are focused on whether the panel will signal one or two additional 2018 hikes when it releases updated interest-rate forecasts with the policy decision at 2 p.m. Powell will begin his press conference 30 minutes later.
The FOMC was about evenly split in March when it projected three hikes this year, so just one participant switching to four hikes could shift the median of the committee. Accelerating growth and inflation rising to target might argue for a more aggressive tightening, while lackluster wage increases and fragile emerging markets would suggest caution.”