Forex Analysis for Tuesday 19th September 2017
The week so far has a risk-on tone. Equities are up around the world, the US 10 Year yield rises, gold drops and the JPY weakens – classic risk-on behaviour. The GBP falls as Carney speaks at the IMF in Washington, trying to dampen speculation by saying that any rises would be at a gradual pace and limited. The GBP softens.
In the Euro Zone, final CPI is on target (Headline: 1.5%; Core 1.2%).
Bank of Australia’s Monetary Policy Meeting Minutes reveal nothing new.
In Canada, Governing Council Member Lowe indicates there is concern about the rising CAD. The CAD drops.
In Japan PM Abe has hinted at calling a snap election.
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.
Here is your Daily Alert video. Trade talk starts at 3:20.
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.