Daily Alert: Tuesday 18th July 2017

Mark NugentDaily Alert, July 2017

Forex Analysis for Tuesday 18th July 2017

Economic Calendar

EUR Final CPI (Headline and Core) hit target.

NZD CPI missed at 0.0% vs 0.2% expectation.

US Republican Senators Moran and Lee are to vote against Senate Healthcare Bill. (Newswires)

Early today (Tuesday) AUD Monetary Policy Minutes from July 4th meeting stated that the steady policy stance is consistent with growth and inflation targets. The Minutes also stated Underemployment is still elevated and wage pressures subdued, and fiscal policy is to be more expansionary in 2017/18 than previously expected. (Newswires)

GBP CPI missed at 2.6% vs 23.9%.

Market Reaction

The USD drops as the Healthcare Bill dies. Global equities are directionless although the FTSE250 rises to the 50MA and the AUS200 drops as the RBA talks of more expansionary fiscal policy. The JPY moves sideways and the GBP drops yesterday and again this morning on the poor CPI number. The AUD climbs on the RBA minutes and the NZD falls on the CPI miss but has recovered at the time of writing.

News Media

Nothing not already covered.

Today’s Calendar

Already happened.

[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 5:00.

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.