Daily Alert: Tuesday 8th August 2017

Mark NugentAug 2017, Daily Alert

Forex Analysis for Tuesday 8th August 2017

Economic Calendar

Chinese Trade Balance disappointed. Although the number itself was positive, the underlying factors showed both exports and imports missing by some considerable margin.

Market Reaction

The USD barely moves, holding Friday’s gain. Global equities gap up on Monday morning and movement thereafter is mixed. Oil and gold are flat. US 10 Year edges down. On the currency markets, there is barely any movement whatsoever.

News Media

Rand poised to surge if Zuma loses secret no confidence ballot

Today’s Calendar

Nothing of note.

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