Forex Fever 😓

by | 16 Apr, 2019

Forex Fever

The currency markets are holding their breath in anticipation of the wave of key data to come out of China and Europe today which may set the tone for the global economy’s performance in Q2. No pressure. 

Strong data out of both regions could offset the growing concerns of a global slowdown and boost risk appetite, but weak data could cause further instability and risk aversion. China will be reporting GDP, Industrial production and retail sales numbers which could all have a serious bearing on the Yuan. 

Europe on the other hand will release average earnings, construction and unemployment data which has the potential to weigh on the Euro if the region’s recent run of poor form continues. The US Dollar edged up slightly this morning against its peers as nervous investors awaited the all-important announcements. 

Manwhile, down under in Australia, the Aussie Dollar fell from its 7-week high after the Reserve Bank of Australia (RBA) struck a new dovish tone on interest rates. Even though the RBA said there was no case for a cut in the near-term, deteriorating GDP and inflation data may drive a shift in monetary policy towards the end of 2019. 

Who’s got FX fever?

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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