Daily Alert: Friday 27th January 2017

Mark NugentDaily Alert, Jan 2017

Forex Analysis for Friday 27th January 2017

In Japan, Tokyo Core CPI y/y beats expectation but is still indicative of deflation (-0.3% vs -0.4%). The USD index climbs and the 3 major US equity indices all hold at or around all-time highs. UK equities consolidate as GBP has a small up day. The JPY weakens as the Japan 225 moves up. CAD and oil both stay within channels.

Later today we look for US Advanced GDP q/q, forecast to come in at 2.1%. The prior number has been significantly revised from 2.9% to 3.5%. This afternoon, UK PM Theresa May will be the first foreign leader to visit US President Trump.

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