Australian GDP data released yesterday showed growth last quarter was just 0.2%, below the 0.3% expected.

  1. Australian GDP data shows economic growth lower than expectedwhile the economy only expanded by 0.2% in the last quarter.
  2. The Bank of Canada will release its overnight rate and rate statement today. The bank is widely expected to leave interest rates unchanged at 4.50%, but a surprise hike after earlier RBA action is possible. This will be watched to see what the Fed might do next week.
  3. Global equity markets continue to look largely bullish. US stock markets are generally doing well, with both the S&P 500 index and the NASDAQ 100 index close to long-term high prices.
  4. In the forex market, the US dollar is growing very weakly, against its long-term bearish trend. The dollar is effectively trading choppy within its consolidation pattern and going nowhere. Action so far has been dominated by strength in the Japanese yen and weakness in the euro. However, trend traders will likely still look for long trades in USD/JPY currency pair that recently hit a new 6-month high.
  5. The Turkish lira hit another record low yesterday after weakening since President Erdogan’s election victory began to look likely.
  6. Coinbase is being sued by the SEC, which has seen its stock price drop 20%.

brokers - we recommend Forex brokers we recommend in your region

See the full list of brokers see-full-broker

Source Link