Us session analysis – january 25, 2017 _ brandon turner fx


The main event for me was in the Asian session where Australia released CPI and Trimmed Mean CPI with a few other accompanying data sets. Usd to zar chart All of them missed expectations causing an immediate selloff in the AUD. Usd to myr forecast I was able to get in on a cheeky AUDUSD short and banked a few relatively risk free pips. Convert usd to zar This was an easy trade because CPI is very important to the RBA and missing market expectations will cause an unwinding of AUD longs. Global market futures The key here was the market expected one thing and it got something completely different.

The other notable mover in the London session was the Pound Cable broke yesterday’s highs and tapped 1.2600 while GBPJPY continued to provide nice trading opportunities on the long side. Cad usd fx rate There isn’t any data supporting this move other than the positive sentiment from last week’s Supreme Court decision following on from UK PM May’s speech clarifying the UK stance.

German IFO Business Climate came out and missed expectations but this had virtually no effect on the pricing of the Euro. Convert canadian dollars to us dollars To be honest I never see this number move the market and I don’t understand why most economic calendars classify it as a high impact event.

In the late US session yesterday we did see the US API crude oil inventories which came in with a build of 2.9 million causing some pressure on oil that we have seen this morning.

In the US session ahead we see the release of Crude oil inventories at 10:30 EST, 3:30 GMT. Famous quotes about life and death This almost always moves the price of oil if we get a deviation from the expected numbers which in this case is a build of 1.5 million barrels.

Very late in the US session we see the release of New Zealand CPI q/q. Pre market oil futures This will be a market moving event if we see any deviations to the expected figure of 0.3%.

I will be watching for any meaningful pullbacks in the Pound pairs. Cool pictures to draw easy USD is weak this morning so the obvious choice is GBPUSD longs. Gender spectrum test However, I will be watching out for any Trump remarks that might give a boost to the USD which would negate buying GBPUSD.

GBPCAD looks good for longs as well given the weakness in oil prices. Stock market opening times new years eve This would not be a super high conviction trade because of Trump talk of approving the Keystone and Dakota Access pipelines. Dollar to indian rupee exchange rate today This would give a positive sentiment to the CAD but at the same time there are fears that Canada will have to pay high tariffs on exporting to the US which is their largest trading partner by far. Usd to rmb converter So this combined makes this a lower conviction trade idea because of the conflicting sentiment.

I will also be paying very close attention to the New Zealand CPI numbers. Dollar exchange rate in rupees The big picture fundamentals on NZD are negative because they are technically in a rate cutting cycle which is very bearish. Gold price in usa today However, I feel that this has been priced in and the market is paying more attention to the sentiment of the day to price NZD. Famous quotes on education Strong commodity prices have pushed NZD higher over the last couple weeks and a strong CPI reading could see a continuation of that positive sentiment. Usd to nzd conversion On the hand, if we get a negative deviation this could set up a nice shorting opportunity as the big boy book some recent profits and sell NZD.

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