Pre-ECB trading plan [Video]
|Today’s market risk is primarily focused on China’s NDRC urging stepping up supervison over commodities price. Also, according to OMFIF Public Investor Poll, 30% of Central Banks expect to expand their Yuan holdings in the next 12-24 months, up from 10% the previous year.
During today’s live stream Dale emphasized that the USDJPY is heading higher as yields may have bottomed. Also, The EURUSD has developed into a Falling Wedge with a breakout coming in at 1.1810 which could take it to 1.1930-50.
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