Forex, Aussie Dollar Drops on Soft Retail Sales Data

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Forex, Aussie Dollar Drops on Soft Retail Sales Data

Talking Points by FxPremiere Group today:

Forex, Aussie Dollar Drops

  • Aussie Dollar declines as soft retail sales data hits hard on RBA
  • Japanese Yen increases as Japan’s stocks sink after gap higher
  • ECB Comments on President Draghi in the spotlight.

The Australian Dollar did not perform well in overnight trading session with sinking after the release of disappointing retail sales data.

The currency fell alongside bond yields, hinting traders’ RBA outlook ahead of this week’s policy meeting. #FxPremiere Group Forex Signal subscription now becoming one of the worlds most popular forex signals option.

The Japanese Yen traded higher as Japan’s Nikkei 225 stock index slumped.

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GBP/USD news – Parliamentary vote on any exit deal and a second referendum on any final agreement between the UK and the EU. Conservative Party commanding a majority in the Commons.

While the referendum vote was initially negative for the British Pound, GBPUSD has been stable since October between 1.22 and 1.28. As traders watch the Brexit Bill meandering its way through Parliament, there’s little reason to suppose that it will move sharply in either direction.

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