Daily Alert: Friday 24th February 2017

Mark NugentDaily Alert, Feb 2017

Forex Analysis for Friday 24th February 2017

Thursday: RBA Governor Lowe stated global economy is on a firmer footing and is much more upbeat. He added the current rate is consistent with hitting the CPI goal and he does not see the rate of inflation falling any further

Global equities take a breather and there are many down indices outside the US. The EUR (down) and the GBP (up) were behaving and the USD (down) and the JPY (up) were not behaving.

My USDJPY short (Trade 11) closed for a loss of 0.5%.

JP Morgan – why we’re betting on a stronger Yen

Later today we see CAD CPI m/m.

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