ORBEX: Swiss Franc & Cable Up, Aussie Weakens on Strong Dollar!
The US Treasury call on Bern last Monday took Swiss Franc to a Sep ‘18 high against the #dollar; call to reduce taxes and increase public spending...
Pound also rose, perhaps on macro (Retail Sales) expectations and EC’s comments on the transition deadline, where the President said the exit date is up to the UK to decide, BUT the transition deadline has to be complied upon.
Now Aussie, despite being strong on surprisingly upbeat house data and the #tradewar resolution, lost some steam amidst a stronger greenback as the letter delivered some good prints too; highlight: Fed Manufacturing
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Pound also rose, perhaps on macro (Retail Sales) expectations and EC’s comments on the transition deadline, where the President said the exit date is up to the UK to decide, BUT the transition deadline has to be complied upon.
Now Aussie, despite being strong on surprisingly upbeat house data and the #tradewar resolution, lost some steam amidst a stronger greenback as the letter delivered some good prints too; highlight: Fed Manufacturing
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
