UK Retail Sales | Current Market Sentiment

There is no trade call for the session. Ahead we will focus on UK Retail Sales. A deviation in either direction can dictate sterling bias for the session. While we believe the GBP remains vulnerable to further downside on a miss, the market will continue paying close attention to the ongoing negotiations between the UK and EU, this may continue to support the pound on further positive comments and an agreement between both parties. Learn more about this event from the weekly risk events video here.

Current Market Sentiment:

The Asian session provided no important economic data. Asian equities fell alongside the pullback in crude. The Nikkei was down nearly 1.5% before pulling back higher in recent trade. Accordingly, yen pairs moved lower during the session, with AUDJPY down over 100 pips. Downside in Aussie was also helped by jawboning from RBA’s Edwards who stated the currency was too high and he’d prefer a 0.6500 level.

To get daily market insights from Jarratt Davis delivered to your inbox simply enter your name and email below:

The post UK Retail Sales | Current Market Sentiment appeared first on Jarratt Davis.

Source:: UK Retail Sales | Current Market Sentiment

Won't your trader friends like this?
Jarratt Davis
About the Author
Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"]www.facebook.com/JarrattDavisForex/[/social] [social type="twitter"]https://twitter.com/jarrattdavis[/social] [social type="google-plus"]https://plus.google.com/+JarrattdavisForexTrader/[/social] [social type="youtube"]https://www.youtube.com/user/JarrattDavisForex[/social]

Related Posts

Leave a Reply

*