After a massively drawn out press conference from Kuroda and the BoJ, I think it’s safe to move back on into some European session themes.
Already discussed some EUR/USD technicals into tonight’s medium impact data.
Likewise some USD/JPY technicals post BoJ.
GBP/USD relatively quiet with the BoE rate decision this week well expected and priced in.
AUD/USD still capped by daily resistance zone.
The weaker USD helping Oil rally.
Supply and transport route issues through the middle east putting more upward pressure on prices.
The S&P 500 came off further last night.
Everyone seems to be shorting… Never makes you feel good to be one of the crowd. This worries me.
Will the Fed shy away from 2 hikes in 2018 is the question.
Trump happy to meet the Iranian leader without preconditions – “If they want to meet, we’ll meet”. – Ha!
Pompeo on China – “US believes in strategic partnerships, not strategic dependency”. – A dig at Chinese financial aid with strings attached.