It's entirely natural to think short-term neutral may rise above long-run estimate US business inventories for July 0. Yes No Please fill out this field. Click here to dismiss. The number of traders net-long is 3. Equities around the world quickly fell on the news.
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Dollar is ranging sideways, there is usually little in the way of strong directional movements between other currencies. On a side note, following the U. It has been obvious that over recent days, weeks, and months, the U. Dollar has been falling in its relative value against other currencies.
This is the dominant feature of the market today and has been, on and off, for a while. So, which currency or currencies should we seek to be long of against this falling Dollar? This has worked well so far this week, which each of the three selections performing positively to date. I would also say that the situation looks the same today, more than halfway through the week. Choosing which currencies to use as the counterparties to a trend in the U.
Dollar is best done by seeing which currencies are exhibiting the strongest trends. Meanwhile, the anti-risk Japanese Yen appreciated versus most of its major counterparts.
Gold prices, which tend to move inversely to the US Dollar as an anti-fiat asset, rallied. Crude oil prices also fell along with the deterioration in market mood. The Canadian Dollar also got a slight boost when Mr. This could further lift the Yen at the expense of commodity currencies like the Australian Dollar. Asia Pacific all times in GMT. Retail trader data shows The number of traders net-long is 3. To contact Daniel, use the comments section below or ddubrovskyFX on Twitter.
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Forex news for North American trade on September 14, 2018:
Get the latest session wrap of the most recent US trading session, European trading session and Asian trading sessions all in one page for your forex trading. One of my favourite themes is how the U.S. Dollar dominates the Forex market most of the time. Once you understand that, you understand that most of what Forex traders are really doing is trying to exploit a U.S. Dollar that is getting either weaker or stronger. For several years now, during periods in which the U.S. Dollar is ranging sideways, there is usually little in the way of strong. South Korea's Kospi was also trading lower by percent, with industry heavyweight Samsung Electronics falling by percent. In Closing Wrap – Tuesday September 4,