Russell Sandiford Trading Tips (April 20, 2019)
04/20/2019 17.00
Renowned trader Russell Sandiford again gives the potential for movement and driving sentiment today. Here's the explanation.
EURUSD
Today there is probably no trigger for high volatility in the EURUSD movement. The announcement of the European Central Bank policy this week is also predicted not to surprise. The Brexit issue is likely to trigger the movement of the euro. Area 1.1200 has the potential to be tested amid the release of economic data from the euro zone.
GBPUSD
Today British Prime Minister Theresa May will deliver the Brexit plan. There may be a positive outlook for Brexit. 1.1300 level has the potential to be tested for GBPUSD if it is able to break 1.2880.
AUDUSD
The Fed's dovish policy looks unable to sustain the AUDUSD last week. Concerns about the Chinese economy tend to dominate movement sentiment. Seeing the condition of China's economic slowdown, AUDUSD has the potential to target the support area at the level of 0.7130 - 0.7100.
USDJPY
The USDJPY movement still has the potential to test the 110.00 level amid market optimism towards trade negotiations between the US-China. This level is not too difficult to penetrate and there is still a chance for USDJPY to go up.
USDCAD
Investors' risk appetite sentiments that made the US dollar supported, could make the pair rise. Even so, the Canadian dollar also received a positive catalyst from the release of inflation data last Friday. USDCAD is likely to move sideways today in the middle of holidays in the US which will reduce trading volume.
NZDUSD
The Kiwi dollar seems to be responsive to the development of trade negotiations between the US and China. This is because the concerns of the Chinese economy will also be a negative sentiment for commodity currencies such as the kiwi dollar. Before the release of New Zealand inflation data on Wednesday (01/23), the strength of the US dollar tomorrow (1/22) is expected to become the main catalyst for driving NZDUSD.
Gold
For the first time, the price of gold tested the level of 1300 supported by a Wall Street Journal report that the US could stop the policy of increasing import tariffs to China. Today the potentially volatile gold price movement is in anticipation of the outlook for US-China trade relations.
Crude oil
Oil prices have a chance to rise to test the level of 55.00 if you can continue moving above the level of 54.00. This can happen after previously the oil price has consolidated in the 50.50 area to move away from the strong support area at the level of 50.00.
Look forward to other Expert Trader Analysis and Tips Trading articles to maximize trading success. You can also start trading with No Cost Trading.
04/20/2019 17.00
Renowned trader Russell Sandiford again gives the potential for movement and driving sentiment today. Here's the explanation.
EURUSD
Today there is probably no trigger for high volatility in the EURUSD movement. The announcement of the European Central Bank policy this week is also predicted not to surprise. The Brexit issue is likely to trigger the movement of the euro. Area 1.1200 has the potential to be tested amid the release of economic data from the euro zone.
GBPUSD
Today British Prime Minister Theresa May will deliver the Brexit plan. There may be a positive outlook for Brexit. 1.1300 level has the potential to be tested for GBPUSD if it is able to break 1.2880.
AUDUSD
The Fed's dovish policy looks unable to sustain the AUDUSD last week. Concerns about the Chinese economy tend to dominate movement sentiment. Seeing the condition of China's economic slowdown, AUDUSD has the potential to target the support area at the level of 0.7130 - 0.7100.
USDJPY
The USDJPY movement still has the potential to test the 110.00 level amid market optimism towards trade negotiations between the US-China. This level is not too difficult to penetrate and there is still a chance for USDJPY to go up.
Investors' risk appetite sentiments that made the US dollar supported, could make the pair rise. Even so, the Canadian dollar also received a positive catalyst from the release of inflation data last Friday. USDCAD is likely to move sideways today in the middle of holidays in the US which will reduce trading volume.
NZDUSD
The Kiwi dollar seems to be responsive to the development of trade negotiations between the US and China. This is because the concerns of the Chinese economy will also be a negative sentiment for commodity currencies such as the kiwi dollar. Before the release of New Zealand inflation data on Wednesday (01/23), the strength of the US dollar tomorrow (1/22) is expected to become the main catalyst for driving NZDUSD.
Gold
For the first time, the price of gold tested the level of 1300 supported by a Wall Street Journal report that the US could stop the policy of increasing import tariffs to China. Today the potentially volatile gold price movement is in anticipation of the outlook for US-China trade relations.
Crude oil
Oil prices have a chance to rise to test the level of 55.00 if you can continue moving above the level of 54.00. This can happen after previously the oil price has consolidated in the 50.50 area to move away from the strong support area at the level of 50.00.
Look forward to other Expert Trader Analysis and Tips Trading articles to maximize trading success. You can also start trading with No Cost Trading.