Forex Marketz Daily Forex News – Fully Markets Update
Good morning and welcome to CupO’Forex. This is your daily video analysis for Tuesdy September 16.
Asian markets are mostly lower as they are following the selloff in the U.S. equity markets overnight. The NASDAQ sold off over one percent as it got its due. Frankly, valuations were stretched and this was bound to happen.
Looking at the economic calendar today, The Reserve Bank of Australia Released its minutes from last month’s meeting. Members are very worried about the growing real estate bubble. This impacted the Australian equities markets, the S&P/ASX as it is trading lower. Later today Germany will be releasing key ZEW data which we will be watching closely. There is growing investor worry that the Eurozone’s largest economy is slowing down. This is not good timing as the European Central Bank is waging all-out war to combat deflation as well as stagnating regional economies, like in France and Italy. We will be watching this data closely as well as the reaction from the Euro currency pairs.
Thank you for listening! Have a great day trading.