A Lackluster market.

It's been a slow week in the Forex market. With the only noticeable movers the NZD following the RBNZ 'dovish hold'. And JPY's up and down merry go round following a continuation of the 'will they, won't they?' saga.

For the most of part the currencies have struggled for any fundamental direction, possibly due to end of month flows. Possibly due to a lack of clarity on the timing of the first FED rate cut. Moving forward we could do with some (either) extremely good or extremely bad data to point the market in a particular direction.

Today we have data from Europe (index of consumer prices, which is an inflation metric). And during the US session, we have manufacturing ISM data. Which is forecast to rise slightly. Both of these events could create volitility, but all in all, I wouldn't be surprised to see the week wind down quietly.

Please feel free to email any thoughts or questions: johnelfedforexblog@gmail.com