TR#311 23/07/19 Summary 4 Rate decisions 7 days

USD, EUR, GBP and JPY all have interest rate decisions in the next week so there could be a lot of movement coming up. The USD market seems schizophrenic at the moment as it tries to second guess the FOMC. They said they would cut so I'm going with that. 25 basis points next week and we'll listen to the statement for what's coming next. I suspect they'll wait and see after next week. The ECB is expected to increase EQ so not much up side there. BOE will probably not do anything until Brexit is resolved so no movement expected there. BOJ will also likely do nothing but may reiterate it's desire to resist upside to the yen if it goes too far. The big question for the yen is how much is too far.

Stock markets are just off historic highs so for me the value trade is short.

This is not investment advice

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Steve Nixon
logicfxtrading