Nov 28th, 2017: Kiwi Out Performs as Aussie Falters
November 28, 2017 8:10 am
Morning Report: 07.00 London
This morning, the Kiwi is out performing, with the NZD/USD one of the top performers this morning despite the dollar index making gains.
The Aussie dollar has continued to falter though. The AUD/USD is unchanged while the AUD/JPY makes small gains.
The dollar index is slightly higher, but the dollar pairs are mixed.
The EUR/USD has continued to back off, while the GBP/USD is on the rise after briefly making an eight week high yesterday. Markets are digesting the BOE bank stress test results.
Coming up today
Coming up today, we have European M3 Money Supply at 09.00.
At 13.30, we gave Canadian RMPI at 13.30.
FOMC member Dudley speaks at 14.15.
US Fed Chair Designate Powell speaks at 14.45.
At 15.00, we get CB Consumer Confidence.
BOC governor Poloz speaks at 16.30.
At 20.00, we have the release of the RBNZ financial stability report.
US treasury secretary Mnuchin speaks.
Trade Idea
The USD/JPY is on the rise this morning, the down trend remains firmly in place. Further down moves could be on the cards.
Morning Report: 07.00 London
This morning, the Kiwi is out performing, with the NZD/USD one of the top performers this morning despite the dollar index making gains.
The Aussie dollar has continued to falter though. The AUD/USD is unchanged while the AUD/JPY makes small gains.
The dollar index is slightly higher, but the dollar pairs are mixed.
The EUR/USD has continued to back off, while the GBP/USD is on the rise after briefly making an eight week high yesterday. Markets are digesting the BOE bank stress test results.
Coming up today
Coming up today, we have European M3 Money Supply at 09.00.
At 13.30, we gave Canadian RMPI at 13.30.
FOMC member Dudley speaks at 14.15.
US Fed Chair Designate Powell speaks at 14.45.
At 15.00, we get CB Consumer Confidence.
BOC governor Poloz speaks at 16.30.
At 20.00, we have the release of the RBNZ financial stability report.
US treasury secretary Mnuchin speaks.
Trade Idea
The USD/JPY is on the rise this morning, the down trend remains firmly in place. Further down moves could be on the cards.
A good way to play this is a LOWER trade predicting that the USD/JPY closes below 111.00 in 14 days for a potential return of 117%.
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