The strongest and weakest currencies as NA traders enter for the day

Discussion in 'Technical Analysis' started by ForexLive, Aug 18, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    August 18, 2016. GBP is the strongest. USD is the weakest. The GBP is the strongest currency as North American traders enter for the day. UK retail sales were much stronger than expectations (+1.4% headline and +1.5% ex auto fuel vs 0.1% estimates). The USD is the weakest in the start of the day snapshot. In other news overnight, Australia employment was stronger (unemployment rate lower at 5.7% with 26.2K new jobs vs 10k est.). The AUD pairs rallied by on the report but have since given up some of their gains (GBPAUD is trading at the highs as the UK news trumps the Australian news I guess).

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