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Today’s Market Fundamentals
It could be a week of positioning ahead of the a Fed Committee meeting on Wednesday evening, with so much to have happened the last month, it might be a case of a small part of the market hoping for a “surprise” in interest rates.
With the potential trade war between the US and China still looming, the Chinese president will be making a state visit to North Korea next week. It seems as though both countries have been “wooing” the North Koreans the last couple of months, one gets the impression that they may hold the key to the trade war as they do have the cheap labour that China built their manufacturing industry on a decade ago.
I don’t see much happening in the market this morning and will tread lightly until Thursday.
Today’s Market Trading Levels
1. NZDUSD BUY 0.6492 – 0.6475