something interesting

<  BACK TO Market Analysis

Trading The RBA

The following are brief expectations for the RBA August policy statement as compiled from the related research reports of 10 major banks.  

Overall, they expect the RBA to stay on hold with a neutral bias, reiterating the same argument against a higher FX rate, while keeping an upbeat outlook for the economy.

On the AUD front, they seem to expect a limited impact while seeing the risk tilted for AUD to remain supported on the crosses in the near-term

BofAML Research: In our view, the Reserve Bank of Australia (RBA) is set to keep policy on hold when the board meets this week. This will extend the period of unchanged rates at record lows beyond a year. However, the policy discussion should get more interesting now that the forecast round is out of the way and the next Parliamentary testimony is six months away. There are some important data releases due in coming weeks that will test the RBA's confidence in their outlook, notably GDP on 6 September, but it will be developments in housing and global events that should have more bearing on the Banks guidance. We expect a stronger signal that the next move in rates is up, but timing will depend in part on other central banks moving first. We still expect a move to gradually normalize policy from 1Q18 and we outline a list of key variables to watch below.

BTMU Research: A no change by the RBA is unanimously expected, however decent data releases of late (CAPEX and survey indicators) suggest the Bank is likely to give an upbeat assessment on the economy’s outlook. Further declines in the unemployment rate ought to be expected, but a cautious consumer and low inflation means the Bank will stay on hold for a while yet. The AUD is little changed over the past month, thus we think the RBA will reiterate that “an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast”

Credit Agricole Research: We expect the RBA to remain on hold and to re-iterate its mild protest against a stronger currency: “An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast”. We read this rhetoric as the Board threatening to leave rates on hold for longer, which has only a mild currency impact as the bills strip is already very flat. RBA Governor Lowe has also said that the RBA is prepared to intervene in FX in “extreme” circumstances, which is hardly a significant threat to sell the currency. So, the impact of the RBA’s rhetoric on the currency will likely be offset by the Board’s continued upbeat outlook for the economy.

Citi Research: The RBA will announce its rate decision on Tue. We expect no significant change in the monetary policy statement but the RBA may jawbone AUD again, which may restrain AUD.

Nomura Research: We think the RBA should continue to sound confident about the outlook but convey no urgency about raising rates...The divergence in the underlying momentum of the respective economies, adjustment in the ratio of commodity price baskets and shift in market sentiment over the medium-term outlook for monetary policy in Australia should keep AUD/NZD supported.

Lloyds Research: The RBA are expected to leave their policy unchanged at 1.5%. Inflation dropped to 1.9% last month, below their target range, so rhetoric will be interesting as industrial metals continue to drive higher (up ~25% YTD). They are likely to reference the strength of the AUDUSD and that a weaker currency would support their economic goals

RBC Research: RBC expects the RBA to leave the cash rate at 1.5%  with a neutral bias on Tuesday. Q2 GDP (Wed) is likely to recover following a weak Q1; the partials to date have been encouraging, notably strong retail volumes, better than expected trade data, and a modest rise in capex.

ANZ Research: GDP forecasts for Q2 have already been tweaked higher and upside surprises in this week's partials – construction work done and capex would firm these expectations and add further support to the AUD on crosses. But growth alone is not enough to trigger a shift in the RBA bias, just yet. So, we would use this opportunity to sell the rallies.

NAB Research: The RBA is expected to leave the cash rate on hold again, but to recognise that the near term growth momentum of the economy continues to improve...The AUD/USD is virtually unchanged from when the RBA last met, 0.80 their technical assumption in their August SoMP forecast.

Westpac Research: The RBA is certain to leave rates unchanged again at its September meeting...We expect rates to remain on hold throughout 2017 and 2018.

Source: efxbews.com

The following are brief expectations for the RBA August policy statement as compiled from the related research reports of 10 major banks.  

Overall, they expect the RBA to stay on hold with a neutral bias, reiterating the same argument against a higher FX rate, while keeping an upbeat outlook for the economy.

On the AUD front, they seem to expect a limited impact while seeing the risk tilted for AUD to remain supported on the crosses in the near-term

BofAML Research: In our view, the Reserve Bank of Australia (RBA) is set to keep policy on hold when the board meets this week. This will extend the period of unchanged rates at record lows beyond a year. However, the policy discussion should get more interesting now that the forecast round is out of the way and the next Parliamentary testimony is six months away. There are some important data releases due in coming weeks that will test the RBA's confidence in their outlook, notably GDP on 6 September, but it will be developments in housing and global events that should have more bearing on the Banks guidance. We expect a stronger signal that the next move in rates is up, but timing will depend in part on other central banks moving first. We still expect a move to gradually normalize policy from 1Q18 and we outline a list of key variables to watch below.

BTMU Research: A no change by the RBA is unanimously expected, however decent data releases of late (CAPEX and survey indicators) suggest the Bank is likely to give an upbeat assessment on the economy’s outlook. Further declines in the unemployment rate ought to be expected, but a cautious consumer and low inflation means the Bank will stay on hold for a while yet. The AUD is little changed over the past month, thus we think the RBA will reiterate that “an appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast”

Credit Agricole Research: We expect the RBA to remain on hold and to re-iterate its mild protest against a stronger currency: “An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast”. We read this rhetoric as the Board threatening to leave rates on hold for longer, which has only a mild currency impact as the bills strip is already very flat. RBA Governor Lowe has also said that the RBA is prepared to intervene in FX in “extreme” circumstances, which is hardly a significant threat to sell the currency. So, the impact of the RBA’s rhetoric on the currency will likely be offset by the Board’s continued upbeat outlook for the economy.

Citi Research: The RBA will announce its rate decision on Tue. We expect no significant change in the monetary policy statement but the RBA may jawbone AUD again, which may restrain AUD.

Nomura Research: We think the RBA should continue to sound confident about the outlook but convey no urgency about raising rates...The divergence in the underlying momentum of the respective economies, adjustment in the ratio of commodity price baskets and shift in market sentiment over the medium-term outlook for monetary policy in Australia should keep AUD/NZD supported.

Lloyds Research: The RBA are expected to leave their policy unchanged at 1.5%. Inflation dropped to 1.9% last month, below their target range, so rhetoric will be interesting as industrial metals continue to drive higher (up ~25% YTD). They are likely to reference the strength of the AUDUSD and that a weaker currency would support their economic goals

RBC Research: RBC expects the RBA to leave the cash rate at 1.5%  with a neutral bias on Tuesday. Q2 GDP (Wed) is likely to recover following a weak Q1; the partials to date have been encouraging, notably strong retail volumes, better than expected trade data, and a modest rise in capex.

ANZ Research: GDP forecasts for Q2 have already been tweaked higher and upside surprises in this week's partials – construction work done and capex would firm these expectations and add further support to the AUD on crosses. But growth alone is not enough to trigger a shift in the RBA bias, just yet. So, we would use this opportunity to sell the rallies.

NAB Research: The RBA is expected to leave the cash rate on hold again, but to recognise that the near term growth momentum of the economy continues to improve...The AUD/USD is virtually unchanged from when the RBA last met, 0.80 their technical assumption in their August SoMP forecast.

Westpac Research: The RBA is certain to leave rates unchanged again at its September meeting...We expect rates to remain on hold throughout 2017 and 2018.

Source: efxbews.com

lastest Articles

PAMM News
Managed Forex Accounts Daily Results (17.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar index sputters ahead of Fed’s Powell testimony
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Latest data points to a rebound in Q2 GDP after a lacklustre Q1 - RBS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Mr. Markets
OK, so what do you Really Think?
https://secure.gravatar.com/avatar/8b0332acc130dc650331fd558f82add2
Market Analysis
EUR/USD recedes from tops near 1.1750 ahead of Powell
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: In your reciepe for success - ED SEYKOTA
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Opinion: Buying gold now would only weigh down your investment portfolio
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar slips ahead of Fed testimony
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (16.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Canada: Housing sales figures to be little changed - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD Technical Analysis: Cable quietly gaining ground currently supported at 1.3250 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
The stock market is about to set a bearish record
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
European stocks slip on China growth concerns, but Deutsche Bank leaps
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Any Trader Can Take Risk - Pig Insider
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to modest recovery gains, above $1240 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar gains fade on China-EU summit, U.S. data eyed
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results (9-13.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
FOREX Week Ahead:Trade War and Trump European Trip Boost US Dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (13.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
GBP/USD rebounds from near 2-week lows, back closer to 1.3200 handle
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
QE drove JPY from 2012 to 2016 - AmpGFX
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
NZD/USD scope to test 0.6675 – UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
U.S. stock futures on pause with big bank earnings in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote:Turnarounds seldom turn - Warren Buffett
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Euro falls as rate expectations, trade tensions boost dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 13.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold eyes $1250 as USD weakness fuels recovery
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (12.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling edges up ahead of UK Brexit blueprint
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump reaffirms commitment to NATO after strained emergency meeting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold clings to modest recovery gains ahead of US CPI
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Most things will prove - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR futures: further downside not ruled out
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
BoE Credit Conditions Survey Report: Default rates on unsecured lending rose in Q2
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (11.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Asian stocks slump after U.S. announces $200 billion in new tariffs on China
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/CAD – Canadian dollar dips, BoC rate decision looms
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China Govt to state media - keep calm, don't inflame trade row with US - Reuters
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: Person who never made mistake - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Gold holds weaker near one-week lows, around $1250 level
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Dollar strengthens against yen, EM rallies as trade fears wane
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX tech targets EUR/USD sidelined around 1.1730 amidst risk-off trade
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (10.07.2018)
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold rebounds sharply from 1-week lows; will it sustain?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Trump Today: President says ‘up to the people’ whether Theresa May should be replaced as he praises her rival
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
DAX gains ground as trade tensions ease
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets: 10.07.2018 EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: It was never my thinking - Jesse Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dow set to catch its breath after racking up 320-point rally
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold Technical Analysis: The recent recovery move already seems to have run out of steam
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (09.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD: bulls tire and daily cloud base, (1.1737), under threat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold tries for best levels in 2 weeks after the dollar’s recent retreat
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD plummets to lows near 1.3240 as B.Johnson resigns
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD heading back towards 1.3300 amid UK political woes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
FOREX Trading Quote: The truth - Wisdom of the Pig
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dollar sags after soft U.S. wages data, Brexit woes weigh on pound
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREXTech Targets 09.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Weekly Results(2-6.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Forex Week Ahead: Trade Uncertainty Hits Dollar’s Confidence
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (06.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
AUD/USD fades the NFP-led spike, returns to 0.7420 area
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY turns red near 110.50 as US Dollar slips on mixed employment data
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold lower but clings to weekly gain ahead of payrolls and wage snapshot
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Sterling braces for May's crunch Brexit meeting
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Success Has To Do - Ed Seykota
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD sticks to gains near 1.1715 ahead of US NFP
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 26.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (05.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling lifted by BOE comments but Brexit meeting curbs gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY retreats from session highs, returns to mid-110s on weaker USD
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Gold tries to edge higher as dollar slips
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
GBP/USD eases from over 1-week high, back below mid-1.3200s after Carney
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Cut Your Losses - Livermore
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD consolidates gains near 1.1685 ahead of US ADP, Fed minutes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 05.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (04.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
USD/CAD – Canadian dollar quiet, investors eye FOMC minutes
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China: Ready for trade war and currency battle – Nordea Markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
EUR/USD flirting with lows, below mid-1.1600s
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
China’s yuan rallies against the dollar
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Bend your view - Pig Insider
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
EUR/USD takes a sharp U-turn, drops back to 1.1640
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 04.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (03.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
DAX rebounds with strong gains
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
PBoC Official: China will not use Yuan as tool in trade conflict
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
When is NZ GDT price index and how could it affect NZD/USD?
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
SEK: Cautious over the near term path - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: The First Rule - Warren Buffett
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Sterling slumps as Brexit crunch nears
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
Forex Today: Yen bid on risk-off, Aussie unmoved by RBA, UK construction PMI in focus
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
PAMM News
Managed Forex Accounts Daily Results (02.07.2018)
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
PBoC: Deliberate weakening of CNY as part of the trade war? – Nordea Markets
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
CAC dips to 7-week low, French manufacturing PMI misses expectations
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
FOREX Tech Targets 02.07.2018: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
UK: Manufacturing PMI unchanged in June at 54.4 - TDS
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Quips of Wisdom
Forex Trading Quote: Momentum - ED SEYKOTA
https://en.gravatar.com/userimage/34011725/cac48086660b253b9c1e53a8b4a23604.png
Market Analysis
Dow futures fall more than 100 points as Trump, EU exchange trade jabs
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613
Market Analysis
USD/JPY looks to test 110.50 amid sell-off in European equities
https://secure.gravatar.com/avatar/b23a9c274f4a28b6ab7acddb98b80613