NZD posted firm gains in today's session following the GDP, GBP also posted moderate gains in today's session following the retail sales.
The concerns for a trade tension between the US and China eased, which weakened USD and JPY. We are noting that every escalation between the US and China was eventually cooled down. We suspect the US administration is closely monitoring the US indices' reaction to its policies.
There is no brexit deal at the time of this writing, the brexit summit is expected to take place in mid November. The EU has suggested a second referendum, which has been rejected so far by Theresa May.
Italy's budget proposal is expected to take place tomorrow, which may have a significant impact on the Euro.
We are 'locked out' of the market, any attempts to initiate trades at current levels will require large stops that we refrain from exercising. We are remaining on hold.
AUDCHF retracement is insufficient for us to re-enter the trade.
The concerns for a trade tension between the US and China eased, which weakened USD and JPY. We are noting that every escalation between the US and China was eventually cooled down. We suspect the US administration is closely monitoring the US indices' reaction to its policies.
There is no brexit deal at the time of this writing, the brexit summit is expected to take place in mid November. The EU has suggested a second referendum, which has been rejected so far by Theresa May.
Italy's budget proposal is expected to take place tomorrow, which may have a significant impact on the Euro.
We are 'locked out' of the market, any attempts to initiate trades at current levels will require large stops that we refrain from exercising. We are remaining on hold.
AUDCHF retracement is insufficient for us to re-enter the trade.