Sentiment analysis, trade plan 19 Dec 2016

By | December 19, 2016

AUD – buy dips once, narrower than expected budget deficit, AAA rating kept, budget assumes lower commodity prices.

But upside is limited

JPY – BOJ expected to upgrade economic outlook tomorrow, stronger yen. Eyes less new debt in financial year 2017/18 buy dips

USD – buy dips, fed rate hike, and future rate hike expected to keep prices supported

GBP – scottish plans to remain in single market (bullish) heightening speculation of independence vote (bearish, but nothing concrete yet)

UK may try to stay in EU customs union like turkey (bullish)

CBI forecast that UK will be given a big boost as almost every part of the private sector hires more people in the next 12 months.

Buy pound

EUR – accomodative ECB, means sell rallies are preferred

CAD – Buy dips as no new non compliance supply issues have come up.

Summary

AUD buy

JPY buy

GBP buy

EUR sell

CAD buy

USD buy

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