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Dollar Slips, Sterling Pulls Back From 11-Month Lows – Investing

” 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 U.S. dollar index, 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.

GBP/USD 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 exit the European Union with no deal.”


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Dollar, Euro Steady in Rangebound Trade Ahead of Fed, ECB – Investing

“The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by 03:46 AM ET (07:46 AM GMT), little changed for the day after rising 0.29%.

The Fed is widely expected to raise interest rates for the second time this year at the conclusion of its policy setting meeting later in the day. ”


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Trump and Kim Jong Un Pledge to Work Towards ‘Complete Denuclearization’

“U.S. President Donald Trump described his meeting with North Korea’s leader Kim Jong Un as “honest, direct and productive” after North Korea pledged to work towards complete denuclearization.

“We are ready to start a new history, to begin a new chapter between our nations,” Trump stated in a press conference on Tuesday following the signing of an agreement between the two nations.

The deal signed by both leaders highlighted four major points which included their commitment to establish new relations “in accordance with the desire of the peoples of the two countries for peace and prosperity”.

The U.S. and North Korea agreed to “join their efforts to build a lasting and stable peace regime on the Korean Peninsula”.

North Korea has further promised “to work toward complete denuclearization of the Korean Peninsula”.”


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Trading on Tuesday – 2018.06.12.

 

NEWS

The main political happening that we are waiting for is the Trump-Kim summit. I will probably share some infos about it…

The most importan economy datas will come from Great Britain, but we also have to be careful of US Core CPI, that will be published after the US market opening.

PAIRS TO CHECK

USDJPY is the only pair I see as a possible trading opportunity right now. I hope it will change and I will see lot more trading options later.

This pair can be a good one, because the JPY will probably become stronger, but the USD is not a safe pair, because of the Trump-Kim meeting.

Go to $100 to $1,000,000 to see the fresh trades and come back here to see the most important news, that shows you why market moved that way…

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Yen ticks up, Canadian dollar dips after G7 trade fracas – Investing

I wrote about the stronger JPY earlier in the daily MARKET REVIEW

“The safe-haven yen edged higher while the Canadian dollar fell in early Asian trade on Monday after U.S. President Donald Trump threw the G7’s efforts to show a united front into disarray following a verbal spat with Canadian Prime Minister Justin Trudeau.

The yen, which is often used as a funding currency for riskier investments and tends to gain when investors’ risk appetite sags, rose 0.15 percent to 109.40 yen on the dollar.

The Group of Seven summit held in Canada laid bare a deep rift on trade and tariffs between Trump and other leaders as the U.S. president tweeted he was backing out of the joint communique and lashed out against Trudeau.

Trump has infuriated the European Union, Canada and Mexico by imposing tariffs on steel and aluminum imports, and the latest G7 jolt is expected to keep financial markets on tenterhooks amid fears of a global trade war.”


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Dollar gains vs yen after strong US jobs report, outlook still murky – Investing

” The dollar gained against the yen on Monday after the release of an upbeat U.S. jobs report, although uncertainty over potential political risks kept the currency’s near-term outlook murky.

The dollar added 0.15 percent to 109.660 yen <jpy=>following a rise of 0.6 percent on Friday.</jpy=>

Closely watched data out on Friday showed U.S. jobs growth gathering pace and wages rising in May, making a rate hike by the Federal Reserve in June a near certainty and increasing expectations of a fourth hike this year.”


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Trading on Monday – 2018.06.04.

 

NEWS

Last week we made nice profit with the EU and US political news. US job reports were good, so the investors will buy USD on Monday. The Italian political risk is not a problem right now. We have to check the news about the new “trade war” opportunities. This is the new game of President Trump.

PAIRS TO CHECK

I picked 2 options. Both about JPY. JPY pairs climbed up last week, but I think we’ll see retracements soon.  I will only short with them for onl 10-20 pips profit. My #1 pair is CHFJPY.

The 2nd is GBPJPY, because the GBP will probably fall back a little. This movement with the JPY, will be a good chance to trade.

So come back later  check the news and check the new trades on $100 to $1,000,000.

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Trading on Wednesday – 2018.05.30.

 

End of May is always very busy to me, this is why I didn’t posted in the last 2 days. Most of the changes will start from next week. I will probably work a lot with my colleges on Friday and during the weekend to finish the changes, that I wrote about earlier.

NEWS

The most important data tomorrow will be the US GDP. I am also waiting for the Job data from the US and the Canadian Interest Rate Decision too. The last 2 days were about the politics. I’ll not write about it too much, but you probably read about the Italian politics what pushed the EUR lower. The lower EUR is good for the US dollar.

PAIRS TO CHECK

Here are some trades, that show possible reversals. We have to wait for confirmations and we have to remember that the EU and US session will also active in politics, so the movements can be unexpected. So we have to use Trailing stops and lower TPs.

The JPY is really strong right now. It will probably retrace soon. It already showed signals to trade with NZD or CHF in the last 1-2 days.

This trade will be probably a good one soon. Technicals and fundamentals also show it. CAD is too week – the Interest rate decision will probably help it to recover -, the CHF became strong in the beginning of the week. So, wait for the confirmations.

This was a good trading option earlier, but ruined by the EUR. The politics moves the EUR right now. So I can’t tell that it will recover tomorrow, but probably it will become stronger in the next some days. All EUR pairs will climb back, when it happens. I’m sure that we’ll see it soon.

EURUSD can be also a good choice when the EUR will start to recover, but my strategy shows that EURCHF will be a better choice. USD and CHF will also fall back soon and probably the CHF will start it during the EU session. I’m waiting for the confirmation.

And finally the GBPUSD. GBP felt a lot in the last some days/weeks. It will probably boost with the EUR soon and the USD will fall back. I think it will happen soon. Maybe it will start on Wednesday or Thursday, but if not, I’m sure that we’ll see nice shorting options in the next days.

So come back later and check the new trades.

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4th trade of 2018.05.15.

 

USD jumped more than 70 points today. I wrote about it in the DAILY REVIEW: “There will be 2 important speech and the sales numbers. I don’t really want to bet, but the USD will probably become stronger.”

I am sure that this is the right time to buy GOLD.

T.O. @ 1287,5

“A” TRADE

 

Always use the right trading lot and risk management!


 

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