Weekly FX Update – 18 August 2017 (Video)

This week has been dominated initially by lingering geopolitical concerns and then US political issues and a dreadful terrorist attack in Barcelona. Trump’s woes have been largely self-inflicted and the cost of his response to the events in Charlottesville could still grow in the days and weeks ahead.

Markets have been quick to revert to risk aversion mode over the last couple of weeks and while next week does offer some important economic events, politics and geopolitics are likely to hang over the market once again.

Senior Market Analyst Craig Erlam discusses all of these issues and gives his analysis on EURUSD (10:19), GBPUSD (11:01), EURGBP (11:56), AUDUSD (13:24), USDCAD (15:00), NZDUSD (16:46), USDJPY (17:44), GBPJPY (19:20) and EURJPY (21:10).

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.