BANK OF CANADA HAVE SPOKEN

BREAKING Boc’s Poloz: We can’t assume end of nafta would be small shock BREAKING The End of NAFTA Would Be Net Negative for Canada, U.S: Poloz BREAKING – is just the beginning of rate hike – more rate hike ahead and we maintain BUY for CAD. Read More @ https://www.bloomberg.com/news/articles/2018-01-17/bank-of-canada-raises-rates-but-cautions-stimulus-still-needed

CHINA GDP @ 3PM (HONG KONG TIME)

China must bring household debt under control, banking regulator says; CBRC chief Guo Shuqing expresses concerns over consumer borrowing just months after central bank boss said there was nothing to worry about – Read More @ http://www.scmp.com/news/china/economy/article/2128641/china-must-bring-household-debt-under-control-banking-regulator

EURO ONCE AGAIN GET CAUGHT WITH NEWS

The Catalan crisis is proving to be a millstone around the neck of the Spanish prime minister. Mariano Rajoy saw his People’s Party routed in elections in the rebel region last month and it has plumbed historic lows in opinion polls as the premier’s hesitant efforts to keep the push for independence in check disappoint voters across the rest of Spain. Read more @ https://www.bloombergquint.com/politics/2018/01/17/catalan-crisis-drags-rajoy-down-as-his-party-whispers-of-change

AUSTRALIA EMPLOYMENT IS GOOD BUT HOME SALES WEAKEN

Heavier Tax Burden drags New Home Sales Down “An ever increasing tax burden has contributed to a drop in sales of detached houses by 5.7 per cent during 2017,” HIA Senior Economist, Shane Garrett said today. Read more @ https://hia.com.au/-/media/HIA-Website/Files/Media-Centre/Media-Releases/2018/national/heavier-tax-burden-drags-new-home-sales-down.ashx

NEWS THURSDAY THAT WILL AFFECT YOUR TECHNICAL ANALYSIS

  1. 11.00am – Unemployment & Employment data release is better then expected – AUDUSD stabilises at 0.7950. We maintain Buy for AUD.
  2. 3.00pm – China will release their GDP & Retail sales – we are expecting a good data. We maintain SELL for USDCNH.
  3. 4.00pm – Weidmann German will speak and will give volatility to EUR Pairs. We maintain BUY for EUR.
  4. 9.30pm – Canada Employment which is expected to be very good; we maintain SELL for USDCAD.
  5. 9.30pm – The night will end with Philly Fed Manufacturing Index which is expected to be weak; we maintain sell for the USD.

USD INDEX AND OUR VIEWS ON TECHNICAL.

The USD INDEX is stabilising at $90, if the $90 BREAKS the sell-off will continue which we believe it will happen. Always maintain good money management and be cautious as the market may reverse anytime.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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