Daily Alert: Thursday 14th September

Mark Nugent Daily Alert, Sept 2017

Forex Analysis for Thursday 14th September 2017

Yesterday, GBP Average Earnings missed, as reported previously. The International Energy Authority raised their forecasts of oil demand and suggested oil stocks were running down. This inspired a price rise of over 2%.

US military sources reported that North Korea was seen to be moving mobile missile launchers and preparing launch sites in the last 48 hours. North Korea has threatens to “sink” Japan.

Risk tone was certainly more modest yesterday. The USD and US equities rose slightly. UK equities were down as was the Japan225. Oil rose as mentioned and Gold turned down. The JPY was flat and the US 10 Year yield moved up slightly.

Early this morning we have had excellent employment figures from Australia followed by poor Industrial production figures from China, causing the AUDUSD to rise and then fall, all fortunately while I was sleeping.

At the time of writing (0820 BST), global equities are flat or down and currencies are flat. The big issue today will be the UK interest rate voting. The expectation is for the voting to be 2-0-7 (up-down-same). Anything significantly different will move the pound. The GBP will probably rise if there are more than two hikers and fall if there are less than two.

Also later today we have USD CPI.

Tomorrow we have USD Retail Sales.

[mepr-hide if=”loggedin”]

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.

[/mepr-hide]

[mepr-show if=”loggedin”]


Here is your Daily Alert video. Trade talk starts at 4:30.

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.

[/mepr-show]