Daily Alert: Wednesday 8th February 2017

Mark NugentDaily Alert, Feb 2017

Forex Analysis for Wednesday 8th February 2017

BoJ Summary of Opinions from January 30th-31st meeting stated that Japan’s economy has continued its moderate recovery trend and will likely continue at a pace above its potential. The BoJ stated it should be prudent regarding abruptly changing policy and that it observed more positive developments in the real economy including pick-up in exports, an upturn in private consumption and an increase in business fixed investment. (BoJ/Newswires)

Yesterday was a very light news day.

The USD is up week-to-date and US equities are near all-time highs with the Nasdaq making a new all-time high. The GBP is also up week-to-date and UK equities are buoyant. The EUR is well down on the week and is currently at short-term support. The Euro50 consolidates. The JPY was slightly up and ther Japan 225 rose above the 50MA. Oil turns down and closes just below the 50MA.

Blackrock say investors should not be so skeptical about European stocks

Later today we have NZD Rate Statement and Monetary Policy Statement.

[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 6:20.

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.