You can always find my weekly analysis in the FXRENEW Blog each week, along with articles and thought leadership pieces. My new Coaching Page is also online.
Here is this week's Game Plan:
Trump opened the door to more exemptions from his steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from lawmakers, opening up to Australia but at the same time still coming down hard on Europe and China. There is still the potential for a flare-up if Trump takes further steps to punish China or the EU, but for now the market is back focusing on fundamentals. NFP and wages were weaker than expected and investors relaxed their rate hike assumptions a tad, with equities soaring in a broad risk-on tone.
Going into the week, this global growth/low inflation theme that drove markets during 2017 might continue as the only data to watch is US CPI along with US Retail Sales and NZD GDP.
Going into the week I remain bullish on Aud & Cad vs. Euro and Jpy; I also remain bullish US equities.
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