Forex Analysis for Thursday 27th October 2016
Wednesday was a very slack news day with no major economic data revealed and few pronouncements by significant players. However, Zerohedge did report a few items of interest:
BoJ Governor Kuroda commented that the yield curve is moving in line with what was desired at prior policy meeting.
IBD/TIPP poll showed Clinton ahead at 41.8% vs. 41.2% for Trump. Fox News national poll showed Clinton ahead at 44% vs. 41% for Trump.
Yesterday was a quiet day and there is little to report. Oil dipped below USD50/barrel. On the currency markets, the USD stays at 7-month highs. The JPY exits, just, the consolidation triangle as it weakens. The GBP has an up day. We may be seeing the beginnings of a consolidation zone in AUD.
Today we have the first real measure of the UK economy post referendum: Preliminary GDP q/q.
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