Good morning traders! Doing a short recap of events i have my eyes set on.
RBA rate statement in less than 24 hours. Most believe the RBA is going to talk down AUD. In another news, Japanese Prime Minister Abe and Donald Trump have vowed in a telephone call to take further action against North Korea. This makes my favorite instrument currently AUDJPY. If risk happens, JPY will strengthen and should the RBA talk down AUD, this makes for an excelent short.
AUDJPY key area, at 50% fib
AUDJPY daily - looking a little toppish?
Other news - the New Zealand goverment confirms second farm already had been contaminated with the horrible bacterial disease, in the old days this would be enough to move NZDUSD to much lower levels, but currently USD is in the role of the underdog, so putting a brake on this one. One eye on this instrument though (NZDUSD, NZDJPY)
WTI Oil
Venezuela's National Electoral Council has said more than eight million people voted to grant President Nicolas Maduro's ruling socialist party virtually unlimited powers with a constitutional assembly SOURCE
Also Bloomberg reports that Embargo against Venezuelan oil imports into the U.S. is off the table for now. But some kind of sanctions are coming.
Effect on oil prices can be short lived as we have hit peak sentiment in oil. Look for relief and reversals.
What else?
Bitcoin split coming tomorrow! I dont know the exact timeline, maybe someone can link it? If i had any bitcoin, i'd withdraw it from any exchange for now, just in case. The market will be here for a long time.
Trade safe everyone!