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In the Zone
- EURUSD
- GBPUSD
- AUDUSD
- NZDUSD
- USDCAD
Market Insight Commentary – Forex
Today's News Headlines
- The UK yesterday expelled 23 Russian diplomats, this in suspicion of the poisoning of a former spy. Talk is still around a trade war, but could this be the start of “war games.”
Market Insight Commentary – Indices
Market Recap
For a third consecutive month the retails sales numbers in the US were very soft, in actual fact this was a disappointing data read for the dollar bulls. The pair traded down to the lows of the day, albeit the ranges were really tight yesterday.
I continue to watch for the same pairs as we did yesterday, there is a combination of attractive fibs as well a night support and resistance levels to lean against. I continue to watch the wires this morning as there is a lot of fundamental news that could move the market. How will the new Secretary of State deal with the North Korea threat? What is going to happen with NAFTA?
There is not a lot more to add, but I am sure that there will be some opportunity here.
Important Economic Data Due Today
10:30 CHF SNB Monetary Policy Assessment
Consensus: None
Effect: More hawkish than expected is good for the CHF
10:30 CHF Libor Rate
Consensus: -0.75%
Effect: Actual higher than expected is good for the CHF
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