Weekly FX Update – 10 August 2017 (Video)

Financial markets have been in risk aversion mode in recent days, with geopolitical risk driving traders towards the traditional safe havens for cover. A slower week on the economic calendar hasn’t helped matters but with plenty of data to come in the week ahead, this could all change.

That said, should the war of words continue between the US and North Korea, or even escalate, other matters will likely continue to be overshadowed and investor sentiment remain subdued.

Senior Market Analyst Craig Erlam discusses all of these issues and gives his analysis on USDJPY (7:02), GBPJPY (9:32), EURJPY (10:51), EURUSD (12:30), GBPUSD (14:10), EURGBP (15:53), AUDUSD (17:04), USDCAD (18:08) and NZDUSD (19:29).

How the markets could react to a North Korea Strike

USD/CAD – Canadian Dollar Yawns as US Inflation Data Disappoints

Geopolitical Concerns Weigh on Risk Appetite

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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