Australian Dollar tumbles after CPI missing its mark prompting a decline with the AUDJPY. The Aussie is even weaker than Kiwi as a result from negative reaction of the new government's policies. AUDJPY is lower at 87.79 for the day, but is still higher coming from the 82.00 set last June and its recent second higher low at 86.00 dated last August 2017.
Sterling Pound stronger than expected GDP data just boosted a greater probability of a November Bank of England rate hike.
GBPUSD is trading at 1.3238 from both sides of a corrective price move as a result of the figures adding fresh incentives for the day. Meanwhile, GBPJPY cross is at 150.80 retesting a 2nd wind up that may see through 152.00 - 153.80 range as initial targets in the near term.
While in the US the 2-year US Treasuries are now trading above 1.60% up 2 bps that is supporting a dollar strength now at 94.00 bps from another widely expected nomination of a new FED Chair. John Taylor's name recently came out as a more favorable candidate from a survey among members in Washington as comparedwith the rest of the other candidates where Janet Yellen is still on the list.
Taking advantage of having the #LIQUIDITY & #LEVERAGE trading the FOREIGN EXCHANGE - #FOREX Market as compared to a market shift from equities near all time highs.
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