top of page
  • Writer's pictureMike Paterson

Some US Dollar demand as a new month gets underway

Friday 1 March 2019

We've seen some risk-on sentiment prevail again on firmer equity/commodity prices and that's helped put a bid under the Greenback as we head into the week-end.

GBPUSD has capped at 1.3320 and fallen back to 1.3235 this morning but finding a little support from GBPJPY and GBPCHF demand while EURGBP has traded tightly again. I remain GBP bearish overall and continue to rally-sell then buy the dips while respecting the current demand.  I've also pointed out again this week that equally there are plenty in favour of buying dips at the moment too on Brexit-led conjecture so I continue to see good two-way business.

EURUSD is still ranging and going nowhere in real terms.Bids building again at 1.1350 ( large option expiries today) and sellers at 1.1400.USDJPY has broken up through 111.00 and 111.50 to post highs of 111.94 helped by the continuing risk-on Yen supply. USDCHF continues in a tight range with EURCHF also still tightly bound.

AUDUSD has fallen further on the generally stronger USD sentiment and seemingly capped now at 0.7120 for the moment but buyers poised around 0.7080 still while USDCAD has bucked the USD trend and fallen again on firmer oil prices.

Fickle Forex markets ever prevailing so be ready with your entry/exit levels and orders as always.

Tomorrow sees the mighty Shrimpers of Southend return to the hallowed Hall and, yes folks, another 12.30 start so you can watch and wonder on live TV (mostly wonder probably!)

Have a good day/week-end one and all.

Interbank Rate 08.30 GMT

GBPUSD   1.3245

EURUSD   1.1361

EURGBP   0.8572

GBPEUR   1.1665

GBPAUD   1.8688

GBPCAD   1.7418

GBPZAR   18.6923

GBPHKD   10.2688

USDJPY   111.90

USDZAR   14.1270

EURJPY   127.14

GBPJPY   148.30

AUDUSD   0.7092

EURCHF   1.1363

USDCAD   1.3142

USDCHF   1.0002

EURHKD   8.8032

0 views0 comments

Recent Posts

See All
bottom of page