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    Daily Report – Friday 21st September

    THE DAILY REPORT
    THE DAILY REPORT
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     Risk Events 

    EUR        5:15pm – German Manufacturing PMI
    CAD        10:30pm – Core CPI
    10:30pm – Core retail sales
    USD         11:45pm – Manufacturing PMI (sep)

    Major Bloomberg & Reuters News

    Bloomberg
    ‘Trump Presses OPEC to Reduce Oil Prices as Brent Nears $80’
    Oil retreated after U.S. President Donald Trump resumed his criticism of OPEC, saying on Twitter that the cartel “must get prices down now!” as the global benchmark crude flirted with $80-a-barrel earlier this week.

    Futures dropped 0.9 percent in London and 0.5 percent in New York on Thursday. Trump’s intervention in the oil market follows indications from Saudi Arabia that $80 is an acceptable price level as Iran grows increasingly isolated because of U.S. sanctions. OPEC and allied producers will meet in Algeria this weekend to discuss production targets.

    “Will he get what he wants? Probably not,” said Rob Haworth, who helps oversee $151 billion at U.S. Bank Wealth Management in Seattle. “You’ve got room for OPEC to grow and probably offset declining Iranian production. On the downside, you are still losing Iranian and Venezuelan production.”

    Reuters
    ‘NAFTA deal not yet in sight, Canada stands firm on auto tariffs' 
    WASHINGTON Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said

     

    (Times In AEST)

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd (“ForexCT”) provides general advice that does not take into account your objectives, financial situation or needs. The contents of this newsletter do not take into account the personal circumstances of any individual investor. Investors do not own or have rights to underlying assets. ForexCT is regulated by ASIC (AFSL 306400, ABN 69 119 086 270). ForexCT’s AFS license and Australian regulation only applies to the financial services being offered in Australia only.

    ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any information in this newsletter. Any person acting on the information in this newsletter does so entirely at their own risk. Any analysis, opinion, commentary or research in this newsletter is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell any financial product or instrument.  You should always seek independent financial advice.

    The trade signals above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission.

    Posted: September 21, 2018 | 5:04 AM