FX: patience needed.

The US$ is shaping up to print another indecision-style weekly candle with a small real body. If you’ve been struggling to find some decent FX moves then this might be why. The USD-based FX pairs have moved little this week and, with the US holiday on Friday, there might not be much more to come for this week. Next week brings USD CPI and Retail Sales so maybe this, or Trump Asia Tour news, might get the US$ moving. Until then, keep an eye on the Cross pairs, especially the NZD pairs following the RBNZ rate update.

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FX a bit slow but not so ASX-200!

There hasn’t been a lot of movement on the USD-based FX majors I’m watching but a couple of the cross pairs have given decent trades. The same can’t be said of the ASX-200 though, the Aussie top 200 stocks, as this index closed yesterday above the psychological 6,000 level for the first time since January 2008.

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