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In the Zone
- GBPUSD
- USDCAD
- USDJPY
- Gold
- Dax
Market Insight Commentary – Forex
Today's News Headlines
- News filtering through the wires are that Saudi Arabia are able to pump more than 2 million barrels a day of extra oil – this extra supply should stabilize the oil price.
Market Insight Commentary – Indices
Market Recap
The general theme persists to be the trade worries surrounding the US and everyone else in the world, the retaliation has begun to filter in and I wonder if this is officially the start of a fully-fledged trade war.
There really is not much more to add to this scenario as I continue to sit the markets out until something more alluring presents itself.
I cover some of the instruments in the morning videos.
Important Economic Data Due Today
13:00 GBP BOE Monetary Policy Statement
Consensus: None
Effect: More hawkish than expected is good for the GBP
13:00 GBP Official Bank Rate
Consensus: 0.50%
Effect: Higher than expected is good for the GBP
22:15 GBP BOE Governor Carney Speaks
Consensus: None
Effect: More hawkish than expected is good for the GBP
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