Daily Alert: Friday 3rd March 2017

Mark NugentDaily Alert, March 2017

Forex Analysis for Friday 3rd March 2017

Thursday: Tokyo Core CPI y/y missed at -0.3% vs 0.2%. CAD GDP m/m was on target at 0.3%.

Friday: UK Services PMI missed at 53.3 vs 54.2.

Global equities take a pause due to profit taking. The USD continues upwards. The EUR finishes a strong week with a final move up (so far). The JPY weakens slightly and the GBP moves up after 3 down days. AUD retreats from a new short-term high. CAD remains at support within its range and NZD drops below support. Oil drops to slightly below the 50MA.

Fillon party members abandon him
Rutte warns of Dutch chaos if populist Wilders wins

Later today Fed Chair Yellen speaks.

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