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Greg Gibbs, founder, analyst, & PM, at Amplifying Global FX Capital Pty Ltd, an Australian financial services company, explained that  a lot is happening in global markets this week.  

Key Quotes:

“No doubt you are reading much about key central bank meetings in Japan and the UK, and key data releases including Euro GDP and CPI. “

“However, we have decided to hone in on the AUD, NZD and CAD which present there own opportunities in a market searching for fresh direction. “

“We see upside potential for CAD on recent solid economic reports, rising rates, and positive news developing on NAFTA vs. ongoing trade tensions between the US and China. “

“NZD appears more vulnerable and faces a key hurdle this week with NZ labour data released for Q2.”