Daily Alert: Thursday 21st September 2017

Mark NugentDaily Alert, Sept 2017

Forex Analysis for Thursday 21st September 2017

Yesterday’s big news was the Fed Funds Rate and associated commentary:

Main Points:

1. FOMC confirmed plans to begin to reduce QE as per July schedule
2. Interest rate unchanged at 1.00% to 1.25% as expected
3. A larger majority expected a third rate hike this year (11 members vs 8 in July)
4. The famous dot plot shows 3 hikes expected in 2018

In New Zealand, GDP q/q was on target at 0.8%.

The USD strengthened on the Fed meeting. Equities were up around the world although moving down this morning. The JPY weakened yesterday as it has been doing quite consistently since 11th September.

Early today, the BoJ kept rates unchanged at -0.10% and the 10 Year yield target at around 0%.

There are no other Tier I news events of significance today.

[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-show if=”loggedin”]

Here is your Daily Alert video. Trade talk starts at 3:10.

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.