IMF issues warning on global debt – REALLY? THE MARKET DOESN’T CARE AND CONTINUES TO RALLY – we stay cautious after the experience of 2008.

The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances. The organisation also says that risks to global financial stability have increased. It does, however, also say that the banking sector has become more resilient since the global financial crisis. The IMF’s assessment of the general economic outlook, published on Tuesday, was fairly upbeat for the near term. But it did note there are risks, some of which are set out more fully in two reports just out, one on the stability of the financial system and the other focusing specifically on government finances around the world. Read more @ http://www.bbc.com/news/business-43809872

Risks growing that could alter ECB’s tightening plan – Villeroy

The European Central Bank would have to alter its march toward a more normal policy stance if growing risks from protectionism, exchange rates or market swings end up depressing inflation, ECB policymaker Francois Villeroy de Galhau said on Wednesday. Read more @ https://uk.reuters.com/article/uk-ecb-policy-villeroy/risks-growing-that-could-alter-ecbs-tightening-plan-villeroy-idUKKBN1HP1PI 

WHAT IS THE USD INDEX SAYING?

The USD is heading for $89.50 then it will consolidate. USD shows some resilience after Japan opens for talk on trade agreement. We continue to SELL the USD.

TODAY’S NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 9.30am – Australia will release their employment data and is expected to be good. We BUY AUD.
  2. 4.00pm – EUR will release the Current account – data is expected to be good. We maintain BUY EUR.
  3. 8.30pm – Canada employment and is expected to be good. We BUY CAD.
  4. 8.30pm – US will release the Manufacturing data – expected poor data – We maintain SELL for USD.

Is not an easy market to trade this week as the price swings. Watch your money management at all times.

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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