Data/Event Risks AUD: Quarterly CPI data released on Wednesday. Inflation seen moving higher from 1.2% recorded in Q2 (to 1.6%). Data has potential to wake up AUD from steadier tone seen this week CAD: Bank of Canada interest rate decision at 13:00 GMT. No change is expected, rates held steady at 1.00% for two years…
Good morning. Dollar is under pressure across the board as Germany’s Constitutional Court is expected to give its approval today to the euro zone’s new bailout fund. Tomorrow’s Fed meeting is another important event that is currently putting weight on the dollar. EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to…
Reversal signals US Dollar / Japanese Yen Sell below 76.707 Stoploss 78.307 US Dollar / Swiss franc Buy above 0.94578 Stoploss 0.91431 EURO / US Dollar Sell below 1.27966 Stoploss 1.31752