Good morning and welcome to another trading day! Oil has shortly declined to just under $112, and The Bank of Japan decided to keep their rate for .50%. Australia’s Reserve Bank Meeting minutes were not too optimistic in terms of long term growth and easing in monetary policy.

MAJORS:

EURUSD: 1.4656
GBPUSD: 1.8564
USDJPY: 109.90
USDCHF: 1.0993

What is the news on the european front today?
So far, we are waiting for the German and European ZEW Economic Sentiment. We are looking for -62 and -65 respectively. We already have the numbers for Germany’s Product Price index, which wound up 2.0%

Have a great trading session, and of quick note, the Forex Brotherhood, which I have talked about a few times already, is being launched today at 6pm Chicago time. Which it would be 0000 GMT For Wednesday morning! An exclusive community with a plethora of incentives awaits for the limited memberships available! To check out the Forex Brotherhood, Click Here!

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