Friday Forex Traders Money Market Update. 10 August 2018.
The Kiwi Dollar continued its slide on Thursday breaking to new fresh lows after the RBNZ told the market it planned to keep the official cash rate on hold until 2020. Thursday also saw the US Dollar rebound strongly against all its major rivals as traders continue to see any trade tensions as positive for the US economy and US Dollar. To put it frankly the US economy is going gangbusters and as I travelled the West Coast of the USA through June and July this year virtually every store had a sign saying “We are hiring.” Property prices are up, stocks are up and there is a head of steam behind the US economy that’s going to be near impossible to stop in the near term. Subsequently the Euro and Pound sank to new lows through the US trading session Thursday as traders continue to maintain their dovish view of the European Central Bank and hold a pessimistic outlook about the UK doing a trade deal with Brussels before the UK officially leaves the European Union. The US Dollar will again be front and centre today with Inflation data set for release at 10.30pm AEST. If the CPI beats market estimates the likelihood is the US Dollar will rise sharply. #investing #wealth #finance #makemoney #moneymarkets #trading #trader #fxtrading #forex #forextrading #forexsignals #currencytrader #fxtrader #fxsignals #dreamjob #forexcoach #selfmade #profit #sunrise #bitcoin #cryptocurrency #disciplineequalsfreedom