|CPI (m/m)||Sep 21 12:30|
|Prime Minister May Speaks||Sep 21 12:45|
The US dollar has suddenly turned in a move that's left some market watchers scratching their heads, while others vindicated. Earlier this week, Ashraf' issued a special video for Premium subscribers titled "Invalid Thesis" related to the US dollar. The DOW and DAX trades were stopped out while the EURUSD and USDCAD were closed at a profit. Canadian CPI and retail sales are due next. Meanwhile, the pound is falling across the board on a BBC announcement that PM May will make a statement at 15:45 London time indicating she will not be changing her position on Brexit (TRNSLTN: sticking with her Checkers Speech and augmenting odds of a no-deal Brexit).
2 days after Ashraf posted an-all clear video on the US dollar to subscribers, a broadening sell-off in the US dollar is underway after heightened divergences on Wednesday, but a trend of outperformance in commodity FX emerged on a combination of trade and global growth optimism. USDX breaks to 4-week lows below the 100-DMA for the 1st time since April. CAD drags USD below 1.29 and the Premium short in USDCAD has been closed with 140-pip gain. A detailed note has been sent to subscribers regarding what's ahead for USDCAD. GBP is the biggest outperformer on higher than expected retail sales, while the NZD is the 2nd highest performer of the day after a GDP beat. US jobless claims and existing home sales are next.Read More...
The Strongest & Weakest