The EURUSD pair is stuck in a BIG range between 1.13 and 1.1850 (BLUE Lines). Within this range we have a smaller one between 1.1525 and 1.1735 (RED Lines).
We have constant positive and negative news coming from the USA which is taking precedence over the pairs direction. The euro part of the pair is currently a slave to the dollar’s ongoing strengths or weaknesses.
We got the US negatives (Weakening the dollar): China trade wars, mid-term elections (uncertainty), Trump (uncertainties and confusion), global trade agreement concerns and US debt levels that continue to soar.
The key positive for the dollar is the FED’s ongoing policy of higher interest rates with more on the way in 2018.
Although I am negative on the EURUSD pair as I can’t see any positives from Europe to that would support the EURO currency it a case of waiting for the spots when the positive news in the US far outweighs the negatives.
The charts will help tell you what is currently strong or weak as the pair rises or falls. The news or the fundamentals are the engine behind the moves and knowing this will give you more information and confidence to take the trade or not.
Join us for our next free webinar on Monday the 1st October.
|17.9.2018||A Confused EURUSD!|
|3.9.2018||Stock Markets Continue to SOAR|
|27.8.2018||Trump Weakens the Dollar|
|20.8.2018||Gold Plunges on a Strong Dollar|
|13.8.2018||The Euro Crashes on Lira Collapse|
|6.8.2018||GBPUSD Breaks 1.30 on Brexit Woes!|
|30.7.2018||Facebook Shares Implode!|
|23.7.2018||Is the EURUSD heading down this week?|
|16.7.2018||Is Brexit close to the finishing line?|
|9.7.2018||Sterling Ignores Brexit Calamity|
|25.6.2018||Oil surges on OPEC decision|
|18.6.2018||Draghi Kills the Euro!|
|11.6.2018||The Rand Weakens Against the US Dollar|
|4.6.2018||EURUSD clips 1.150, where to next?|
|28.5.2018||Oil Prices Plunge|
|21.5.2018||The EURUSD Continues to Fall Further|
|14.5.2018||The S&P 500 Rises on Iran and Fed Statement|
|7.5.2018||Is the EURUSD pair heading towards 1.1550?|
|30.4.2018||Sterling Gets Hammered Again|
|23.4.2018||Sterling Gets Crushed on Weak UK Data|
|16.4.2018||Is Oil Heading for $80?|
|9.4.2018||The NFP Aftermath - GBPUSD Reins Supreme|
|26.3.2018||Trade of the Week – USDJPY|
|19.3.2018||Trade of the Week – Crude Oil|
|12.3.2018||Trade of the Week – Ethereum|
|5.3.2018||Trade of the Week – The Dow Jones|
|27.2.2018||Trade of the Week – GOLD|
|19.2.2018||Trade of the Week – USDJPY|
|12.2.2018||Trade of the Week – Crude Oil|
|5.2.2018||Trade of the Week – Sell the Dow Jones|
CM Trading is the Brand name of Global Capital Markets Trading
The website is operated by CMT Processing Limited.
HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.
© Copyright 2020 - CM Trading - All rights reserved