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Today's News Headlines
- A respected EU diplomat confirmed that the major issues in the Brexit negotiations remain unresolved.
Market Recap
The forex market was choppy yesterday with the stocks the major influencer yesterday being the equity markets. The jobs numbers were strong again yesterday and you would think that this may raise the fear of inflation again but it didn’t for some reason and the equity markets ran.
The GBPUSD traded higher on the back of better data yesterday, Brexit concerns will weigh on the pair this afternoon and there could be some market moving headlines. Sterling is trading at the 100 hour MA of 1.3190 which are also key swing levels. This will be the barometer for the bulls and bears today.
We were richly rewarded for dipping our toes in the market yesterday which means that we can be as little more cautious today.
Important Economic Data Due Today
Day 1 EUR EU Economic Summit
Consensus: None
Effect: Could involve some Brexit comments
20:00 USD FOMC Meeting Minutes
Consensus: None
Effect: More hawkish than expected is good for the USD
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