FX Handover: AUD and GBP Offered In Mild Risk-Off Session

RBA minutes confirmed they’re more likely to cut, sending AUD/JPY to its lowest level since January’s flash-crash.
House prices in Australia fell -7.4% YoY.
The British pound was offered on news that Philip Hammond is prepared to resign over Theresa May’s spending plans. Cable touched a fresh multi-month low.
Trump says immigration agency will ‘begin the process of removing millions’ of undocumented immigrants next week, just after confirming he wants to send 1,000 troops to the Middle East.
Japan and US are ‘likely’ to meet at the G20, according to Japan’s finance minister Aso.
Westpac’s measure of Australian consumer sentiment ticked lower to 103.5 for Q2 – on par with Q3 2018, which itself was a 5-year low.
Indices traded cautiously higher in hopes of a dovish Fed meeting tomorrow although, overall, volatility remains subdued.
JPY and CHF are the strongest majors, AUD and GBP are the weakest.

Matt Simpson, CFTe, MSTA CityIndex

Author

Matt Simpson, CFTe, MSTA

CityIndex

Matt Simpson is a certified technical analyst who combines charts and fundamentals to generate trading themes.

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