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Trading Outlook – Neutral

Jarratt Davis
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Originally updated: 08:00

Trading Bias: Neutral

Currency pair: None

Current Sentiment: None

In today’s trading session we will be awaiting economic data to provide the market will fresh sentiment and to give us opportunity to get into the market.


The USD has pared some of Friday’s post GDP losses overnight in what was otherwise a very quiet trading session. Antipodean currencies (AUD, NZD) are suffering the most due to falling commodity prices.

This saw AUDUSD fall around 40 pips and NZDUSD fall by around 40 pips whilst the USD has held onto it’s gains. Fed Chair Yellen also said late on Friday that rate lift off may be appropriate later in 2015 and it’s suitable that monetary policy remains accommodative for some time.


At this stage of the session, with limited news flow to present a reason to get into the markets I will be waiting for pairs to approach key levels of support/resistance and trade the overall trend in line with the fundamentals – this will of course be in conjunction with any news flow we have that provides the market with fresh sentiment and a reason to start getting involved in the market.

Other Market Moving News:

WTI crude futures fell by over 1% after the Yemen conflict fears continue to ease off – falling Oil prices can be negative for the Canadian Dollar (and commodity currencies in general) so WTI prices are worth keeping an eye on

Today’s calendar remains light with no major economic data scheduled.

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