Nationwide House Prices

We had an early start today with the Nationwide House Prices being released at 7am with a forecast of -1.1% and the actual was -0.9%. Month on month the average house prices in the UK have not dropped as much as was forecasted. This is a good sign for the economy but by no means a turn around.

We have PMI out at 09.30am and ISM Manufacturing Index from the US this afternoon so a fair bit of news. If you have not already done this then lock in profits on the AUDUSD and USDJPY now.

No new trades opened this morning.

Good trading.

Forex Analysts
Anne Chapman & Javid Shaik