Important Economic Announcements for the week:
Tues: GBP CPI 5.30 pm
Wed: CHF SNB Chairman Speech 1 am EUR CPI 6 pm CAD BOC Interest Rate Decision 11 pm
Thurs: AUD Unemployment Rate 8.30 am CNY GDP 10 am
The persistence of the current uptrend in the US markets and downtrend in the US dollar was unwavering. The rumour of a slow down in the purchase of US Treasuries by China did not unnerve the markets as it recovers off the news and carries on their climb into uncharted territory. There seems to be a consensus towards easy monetary policy ending worldwide as ECB chairman came in to talk about having to factor in inflationary pressure in the future. Coupled with the Treasuries newsflow, it sends the USD to new lows against other majors. A forex analyst ...