The Commodities Rotation Continues - Despite stronger than expected GDP numbers from China, it seems that commodities remain in their recent ranges even though demand from the Middle East and China is rising in the agricultural commodities
PMI & Ifo more important than FOMC to move the Eurozone markets this week with EUR/USD at its strongest level in 23 months. Watch for company reports to swing stocks & OPEC’s output decisions
The effects of the Yellen, Poloz, Brainard hat trick of policy & comments. These are the people who direct economics & ultimately, the Forex market
Watch CAD as BoC likely to raise interest rate; Yellen reveals the FED’s monetary policy report; US & China publish important economy figures
Gold & JPY effected heavily by North Korea missile launch and Treasury yields while USD is still holding below near term resistance against EUR, GBP and even AUD. Are soft commodities the answer?
Markets effected by fundamental data from US employment, FOMC, ECB, Poland’s national bank & sovereign rating reviews for Hungary & Poland
Trading strategies report short in USD/CAD, longs in EUR/GBP, buy on GBP/JPY, & watch levels on FTSE100: Bullish 7350, Bearish 7320.
Oil prices are reflected in currencies whilst USD & GBP are reacting to economic data, interest rates and government shuffles
Focus on the FED interest rate hike plus Bill Hubard’s special report on the effects of the UK job markets
Round-up of US and European markets with exclusive report on GBP and Brexit 'schedule'
US Government less Negative but ‘clear slowdown in consumer spending and a run down in inventories’ is disappointing.
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