The Australian dollar came under pressure amid a list of new US tariffs against China. The Kiwi can recover a little against the Aussie.
Betting on TVC:DXY recovery. The US-China trade wars could hit Australia which is highly dependent on trade.
FX:EURUSD Is expected to decline.
The political implications of Brazil, cause even more economic instability. Allied to this, attention must be paid to the TVC:DXY that can recover.
Betting on TVC:DXY recovery. I do not think the decline is over. Indicators show that there is room for more.
The US economy is doing better than the euro-zone. TVC:DE10Y were set for their fourth straight week of declines. Is Germany’s crisis over? But even though the crisis in Berlin has abated, the deal needs the backing of other EU countries, which will be difficult.
The Copom kept the Selic (policy) rate at 6.50% p.a. The Brazilian Central Bank considers it untenable to maintain current swap offer until the election. The TVC:DXY keeps growing stronger all over the world!
The FX:EURUSD is not in a very good phase and the TVC:DXY is gradually strengthening. With this, the euro may be weaker than other currencies for a moment. It's time to sell.
There is still a scope for a breach below the important 1.15 level in the near-term. EU Summit on migration does not support the recovery of EUR. The problems of the euro-zone are far from being resolved. In addition, Trump's trade is here to stay and the recent move was only a short relief. (The previous position remains open).
Look alive in: • Italy news; • EU data; • TVC:DXY .
There are no dollar reserves that hold the bullish. (I think it will open with high gap on Monday!)
Stay tuned to: • Draghi talks; • Flash PMI data; • TVC:DXY strength.
• Much attention in the disclosure of the Federal Funds Rate.
A great risk to take. But ... Fortune Favors the Bold. Keep an eye out for: • Events in Italy and Spain; • TVC:DXY .
Keep an eye on: • TVC:DXY rally; • Euro-zone indicators; • Italian news;
Keep an eye out for: • FX_IDC:XAUUSD and the price of other commodities ; • Chinese data; • Trump-Kim meeting news.