Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
From Bank of America / Merrill Lynch on the USD, a few snippets ForexLive
A sparse Friday docket for the data agenda today. Gonna need some tweets from someone to liven things up! 2245GMT New Zealand producer prices for Q2 – PPI Output prior 0.2% 2330 GMT speaks
Eurozone July final CPI figures to come here’s a little something I’ve always emphasised on risk management being arguably the most important thing in trading. Learning the ability to survive in order to be able to make future trades is one of the most understated lessons that one can learn.
Dow up close to 400 points The Dow stocks led the way higher in trading today with the index rising 396.32 points or 1.58% . Walmart, Boeing, Caterpillar and Cisco led the gains:
ForexLive Asia FX news wrap: China moves the forex again Forex and Bitcoin news for Asia trading Friday 17 August 2018 The People’s Bank of China added a little strength to the onshore yuan today (reference rate set at 6.8896) after 6 days of devaluation. There was a range of expectations for the central rate,…
Recovers a little of the declines from yesterday The price of crude oil in after hour trading, is trading at $65.50, up about $0.49 on the day. For the day, the contract settled at $65.46, up $0.45 on the day or 0.69%.
The PBOC backed off a little on the slashing of the onshore yuan today Not by much but it seems AUD is happy with the a sign of lessening in tension (if that’s what it is). Ends a 6 day losing run for the onshore Chinese currency.
There was more familiar trading today in the markets On Thursday, the FX market got back to trading on more familiar traditional drivers, with the price action clearly reflective of the shift in sentiment back to risk on. The Yen and Swiss Franc were both down against the Buck, while Aussie and Kiwi outperformed, followed…
ANZ’s weekly forex strategy note, just pulling out a snippet or two, bolding mine: Key themes: On AUD/USD: The AUD lacks a catalyst for a sustained move higher.