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Today's Market Fundamentals
It is clear that this rhetoric between China and the US is going to persist for some time, and this will leave the market on edge which was illustrated yesterday when the steady start was met with a wave of volatility when China vowed to retaliate against Huawei measures. Trump has continued to bait Iran, whilst there are some merits to his sanctions – it is again the delivery of his message that leaves a lot to be admired.
In what is actually financial news, finally, the Fed expressed their concerns last night on the current levels of debt. There is a growing audience that believe that the US will cut interest rates this year and so last night’s speech could gave alluded to it – but there was nothing concrete.
For now, I am keeping an eye on the developments in the US. Trump has a recent history of coming out strong and then back tracking a little – so this could be telling.
Today's Market Trading Levels
1. AUDJPY BUY 75.90 – 75.65
2. GBPJPY BUY 139.80 – 139.60
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