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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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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