TR#301 08/07/19 Summary Wait and see

CORRECTION: Sorry guys I made a mistake while talking about the markets expectation for interest rate cut - I said 50% cut when clearly I should have said 50 basis points.
Looking at the recent interest rate expectations and the reaction to the surprise Non farm payroll figures. The trend for the dollar index remains short but we could see a sideways pattern until the market get clarity on how much of a cut is on the cards. Given the FOMC meeting minutes are released on Wednesday and Powell is also speaking that day I think the dollar will be on hold until then.

Keeping an eye on safe havens and the CAD (interest rate day on Wednesday)

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Steve Nixon
logicfxtrading