Forex Analysis for Friday 24th March 2017
Thursday: UK Retail Sales were positive (1.4% vs 0.4%). In the US, Trump’s healthcare vote is delayed until this afternoon. Trump says if it does not pass he will leave Obamacare in place.
BoE’s Vlieghe said that inflation does not necessarily mean a rate hike.
With the delay in the US healthcare vote, markets remain quiet. The USD and US equity indices hardly move. Oil and gold consolidate and the US 10-year Treasury barely moves. On the currency markets, there is consolidation all around.
Today sees CAD CPI.
VIP Club members please [mepr-login-link] to access your Daily Alert video.
For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.
Here is your Daily Alert video. Trade talk starts at 4:25.
You can download the video HERE. If it starts to play in your browser, right click on it and select “save video as” or similar and it will download to your machine.
There is an archive of all VIP Club member’s content on the VIP Club page.