Daily Alert: Tuesday 9th May 2017

Mark Nugent Daily Alert, May 2017

Forex Analysis for Tuesday 9th May 2017

Economic Calendar

Monday: A quiet day.

Tuesday: In Australia, Retail Sales disappointed at -0.1% vs an expectation of 0.3%.

Market Reaction

The USD climbed above support but the S&P500 and Dow30 were quiet with only the Nasdaq moving up very slightly to make a new all-time high. The Euro50 and the single currency moved down after the Macron result but the Japan225 climbed as Japanese traders returned to work after 5 days off. WTI was static as was gold. GBP grinds up as JPY grinds down. CAD climbs on rumours of an extension to the oil production cap. This morning, the AUD drops on the poor Retail Sales figure. The risk sentiment is neutral/off.

News Media

Nothing of note.

Today’s Calendar

The calendar is light today.

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