“Using a mechanical system is the best way to consistently make money trading. If you know that your system makes money over the long run, it is easier to take the signals and follow the system during periods of losses”. – Richard Dennis Automation really seems...
Comments: Signals continue to indicate weakness in the USD, but a combination of stretched readings and event risk today suggest caution. As such we suggest remaining square today. Below is our FX Majors’ Sentiment Analysis for your consideration. EURUSD Net movement in EURUSD was minor Tuesday...
Overnight Developments: Fed’s Jerome is a “Yellen in Disguise” – USD slips to new lows, UsdJPy below 110 Trans-Pacific trade pact, without U.S., to be signed in March -Japan. U.S. Senate confirms Jerome Powell as Federal Reserve chair. Job creator, or job killer? Trump angers solar...
What’s Due? UK Claimant Count and Wages NZD CPI What’s Expected? Regarding UK Employment, the market is expecting 5.4K vs 5.9K previous, with wages steady at 2.5%. Regarding NZD CPI, the market is expecting a slight decline from 0.5% to 0.4% QoQ A look at the...
Overnight Developments: BOJ left rates unchanged but more importantly, previously said inflation expectations were weakening. Now raises view on current CPI and inflation expectations have been more or less unchanged. This caused the UsdJpy move from 110.92 to 110.55. US slapped steep tariffs on imported washing...
