FXWW News/Open/Wrap

Asian market open, Monday September 9th

  • There were plenty of stop-loss runs on Friday in pairs like USD/JPY, NZD/USD and EUR/GBP;
  • Chinese trade data released over the weekend showed continued improvement and this will help the ‘risk’ pairs;
  • The Australian election returned a new government as expected but as yet there has been no effect on the AUD (but best to wait a while);
  • The GBP continues to show strength and the EUR is in typical ‘sideways’ mode;
  • Japanese GDP and Chinese CPI on the economic calendar.

Good luck today.

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