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In the Zone
- GBPJPY
- GBPAUD
- GBPNZD
- USDJPY
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Today's News Headlines
- The deficits in the US widened again but the Congressional leaders believe that they have a plan to avoid a government shutdown.
Market Recap
The USD ended the day lower against most pairs yesterday, the CPI was marginally weaker and fighting talk from ECB Draghi meant that there was a perfect storm. The major talk come from yet another Donald Trump tweet suggesting that the US are under no pressure to deal with China, and even suggested that the Chinese markets will collapse without the US.
Today will focus on NAFTA, on Wednesday it was all optimism but yesterday Trump poured cold water on the NAFTA agreement and said that he would be happy to drop Canada if there was no agreements. This could get a little tricky in the coming weeks depending on the headlines that get released.
After the big moves in the GBP yesterday, I am looking at fading those moves leading into the weekend.
Important Economic Data Due Today
12:00 GBP BOE Governor Carney Speaks
Consensus: None
Effect: More hawkish than expected is good for the GBP
14:30 USD Retail Sales
Consensus: 0.5%
Effect: Higher than expected is good for the USD[su_divider]
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