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Market Insight Commentary – Forex
Today's News Headlines
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Market Insight Commentary – Indices
Market Recap
With the exception of Sterling the dollar was weaker against most of the major FX pairs, although the dollar rebounded somewhat in the afternoon session – the market will be concerned by comments from the White House Administration. They are not as optimistic about developments in China and North Korea as what has been reported and contrary to comments in China – Trump said that he was not satisfied with how trade talks in China are developing – this does not bode well.
He continues to get involved in petty comments and I am not sure how long it will be before the rest of the world gets fed up with these sort of things. I am still finding opportunity on the index and commodity side of the market.
Important Economic Data Due Today
10:30 GBP CPI
Consensus: 2.5%
Effect: Higher than expected is good for the GBP
16:30 USD Crude Oil Inventories
Consensus: -2.5M
Effect: No Consistent effect on the USD
20:00 USD FOMC Meeting Minutes
Consensus: None
Effect: More hawkish than expected is good for the USD
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