50% at 1.3011. High reached 1.3007 and seeing some stall The GBPUSD moved above the 1.2931-35 highs from last and this week, and also above a trend line that cut across in that area on the daily chart. You can add the 38.2% retracement as well (see daily chart below)
Not much momentum though The buyers in the NZDUSD moved above a trend line on the daily chart at 0.6690, which is more bullish. However, the break has not led to much of a momentum move higher.
Citigroup head of G-10 FX strategy in NY says remains structurally bullish on the USD, citing: – strong growth – Fed rate hikes – relative yields (drawing in capital to the US) But say President Donald Trump could change that
There have been plenty of comments from Canadian foreign minister Freeland earlier: The comments have been quite upbeat. Freeland is is in Washington for what are described as ‘detailed’ trade talks. To officially commence Wednesday though she already met with United States Trade Representative Lighthizer and will conduct a bilateral meeting with Mexico this evening (US time)
TD with a note on the Reserve Bank of New Zealand and the NZD, title TD citing: – housing credit ‘upbeat’ – ‘leap’ in high LVR loans ‘ On the RBNZ outlook, and for the kiwi:
Canadian foreign minister Freeland says she had a very constructive meeting with United States Trade Representative Lighthizer ForexLive
Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Chinese equities will see no reprieve from a falling yuan, Goldman says in a report PBOC re-introduced the counter-cyclical factor in the yuan fixing mechanism
We get capex data for Q2 along with building permits data approvals, all due at 0130GMT on Thursday 30 August I posted capex previews: On the permits data, this via Westpac (bolding mine):
Some releases to move things along but nothing major 0600 GMT – Germany September GfK consumer confidence survey The reading measures the level of consumer confidence in economic activity. Low-tier data.