Weekly Forex Review – Week Commencing 25th September 2017
The week started with a negative risk tone after the weekend’s Parliamentary elections in New Zealand and Germany. Neither produced an outright winner. In Germany, Merkel lost ground as the far-right made gians. Coalition building looks hard in Germany and this is weighing on the EUR.
Tuesday saw Trump’s tax plans announced. This boosted the USD. Risk tone was positive.
On Wednesday, the RBNZ kept interest rates unchanged at 1.75%. Risk tone remained positive.
Thursday was quiet.
Friday saw a lot of Tier I data. Those of note were all misses: GBP Current Account (-23.2B vs -15.8B); CAD GDP (0.0% vs 0.1%); USD Core PCE (0.1% vs 0.2%) and EUR CPI Flash Estimate (Core: 1.1% vs 1.2%; Headline: 1.5% vs 1.6%).
Weekly Forex Outlook – Week Commencing 2nd October 2017
Over the weekend saw the illegal independence election in Catalonia. The separatists are considering unilaterally declaring independence within a week. This is pressuring the EUR.
VIP Club members please [mepr-login-link] to access your Weekly Review and Outlook video.
For VIP Club members, this commentary is augmented with a video where I discuss the Trading Plan for the forthcoming week. If you would like a free one month trial to the VIP Club you can find out more HERE.
Here is your Weekly Review and Outlook video.
I discuss last week’s trades at 2:05 and this week’s trading plan at 9:40.
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.
The themes for this week’s trading can be found HERE.
There is an archive of all VIP Club member’s content on the VIP Club page.