Daily Alert: Thursday 26th January 2017

Mark NugentDaily Alert, Jan 2017

Forex Analysis for Thursday 26th January 2017

All 3 major US equity indices reach new all-time highs and the Japan225 gets caught up in the excitment driven by firm gains in Japanese financials. The USD moves down slightly and the EUR re-enters its consolidation triangle. The GBP continues to rise and the JPY weakens on risk sentiment (risk on).

NZ CPI q/q exceeded expectations at 0.4% vs 0.3% and the NZD index rises.

Trump begins the process of building the wall on the Mexican border.

Early today (Thursday) UK Prelim GDP q/q beat expectation at 0.6% vs 0.5%.

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