Chart of The Day: GBP/USD D1 Chart
Cable has slowed after GBP data showed inflation slowing some what. It took aim at the 1.6800 round number, was turned back and has now fallen through W1 support (blue line) & 1.6700. If we see some positive USD data in the next day or so, we could see this drop accelerate.
AUD/USD D1 Chart
Aussie is starting to once again feel the ‘slowing’ of the Chinese economy. If that’s what’s happening. There’s CNY Flash Mfg PMI out late tomorrow which could have a heavy influence on the direction of this pair. In the mean time Aussie, like other USD paired currencies, could feel additional pressure if USD data shows improvement.
In The News:
Dollar Drops to 7-Week Low per Euro Before Fed; Aussie Weakens (Bloomberg)
Zoellick: Yellen will not continue taper if US economy stalls (ForexLive!)
04:30am GBP Claimant Count Change
04:30am GBP MPC Asset Purchase Facility Votes
04:30am GBP MPC Official Bank Rate Votes
04:30am GBP Unemployment Rate
08:30am USD Building Permits
08:30am USD PPI m/m
02:00pm USD FOMC Meeting Minutes
04:45pm NZD PPI Input q/q
08:45pm CNY HSBC Flash Manufacturing PMI
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