Daily Alert: Thursday 23rd March 2017

Mark NugentDaily Alert, March 2017

Forex Analysis for Thursday 23rd March 2017

Wednesday: RBNZ kept rates unchanged as unanimously expected. The central bank also commented that further depreciation of the currency is needed, but was optimistic on the domestic outlook which resulted in OIS pricing increased odds for a hike, with a February 2018 move priced at 49% vs. Prev. 45%. (Newswires)

Negotiations prior to the vote on Trump’s Obamacare replacement appear to be going reasonably well. Acceptance is seen as important to fund Trump’s tax reduction and infrastructure spending plans.

There was a terrorist attack in London with 4 people killed.

The markets are pausing: USD is flat, S&P500 closes at the opening price, oil and gold essentially move sideways and 10-year US treasuries stall around 2.4%. The JPY strengthens very slightly as the markets remain essentially risk off.

The many culprits in Tuesday’s sell-off
You cannot spend all your money on women and drink and then ask for help

Today sees UK Retail Sales.

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