Forex Market Outlook 25 March 2019

Market Outlook Commentary – 25 March 2019

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Today's Market Fundamentals

We could be in for a tough week, fundamental factors in the market persist and this is creating some massive volatility. The weekend started in a pretty quiet fashion with only Donald Trump giving the markets anything to nibble on, he reiterated that he intends placing tariffs on European automakers soon unless of course the Europeans build plants in the US.

Risk aversion hit late on Friday as it appears that the US yield is inverted – which of course points to a looming recession. This weekend also provided the possibility that PM May will be forced out of office shortly, there was a massive rally in Central London with over 1 million people protesting – I would expect one last throw of the dice today.

The weekend also showed the Mueller investigation released on Saturday, whilst it does not exonerate Trump it doesn’t implicate him either and so I suspect that the twitter account is going to go crazy today.

Today's Market Trading Levels

1. GBPCAD SELL 1.7719 – 1.7750

2. AUDCAD SELL 0.9510 – 0.9550

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