TR#297 02/07/19 - Summary RBA cut interest rate

The US Dollar is still correcting the previous short move. I'm waiting for that to end before I'll be looking for short trades. In the mean time the RBA have cut the cash rate by 25 bases points to stimulate the Australian economy. Naturally I remain bearish on the Aussie and NZD. The trade talks between USA and China have put a halt to the move to safe havens but I think it's temporary. The Yen, Swiss franc, Gold and Silver are all correcting but we'll keep and eye on them because stock markets have reached previous highs. Any pullback would result in a boost to the safe havens.

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This is not investment advice

Steve Nixon
logicfxtrading