Daily Alert – Tues 17 Sept: AUD drops as sentiment goes from positive to neutral

Mark NugentDaily Alert, Sept 2019

Daily Alert – Tues 17 Sept: AUD drops as sentiment goes from positive to neutral

The markets are calm (or becalmed) at the moment after the attack on Saudi oil facilities and before Wednesday’s Fed Funds Rate decision. However there is always movement and you would expect the Antipodean currencies to drop as the sentiment moves from positive to neutral and they have. The AUD in particular is dropping and the USD is strong.

On the other trading areas of focus, I am waiting for sentiment to move more negative or positive to get things moving.

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