Trade Idea
Good morning.
After EURUSD rose to 1.1873 (per weekly pivot) in the European market last Friday, since ECB mentioned “no need to overreact” to the euro level, it was weakened ahead of next week’s FOMC. But adjustment was also limited, closing the week at 1.1846. Meanwhile, GBPUSD swung up and down 100 pips in European time due to concerns about hard Brexit.
As for EURUSD, it may be dragged by GBP and fall in short-term, but for the long-term upside trend unchanged and the buy on dips stance unchanged. Watch out for the movement of GBP.
EURUSD D1
A bird’s-eye view of the movements in the last month is as follows.
Transactions are concentrated in the 1.80-1.85 range.
Market Environment
Yesterday’s currency strength
US market yesterday
Dow30: 27,665 (+131, +0.48%)
S&P500: 3,340 (+0.05%)
Nadaq: 10,853(-0.60%)
WTI future: 37.38↑
VIX index: 26.87↓
US 10 years bond yield: 0.669↓
Gold future: 1,948→
Asian market today
Nikkei：around 23,310 (-96）
Dow future：around 27,651 (-14 Dow spot）
Economic indicators today
（JP）LDP leader election
16 (Wed) FOMC policy
17 (Thu) BOJ policy
17 (Thu) BOE policy
