Equity markets moved higher, while the USD Dollar and Bond Yields drifted, as confidence flows through markets. The war on the Federal Reserve continues, as Trump seeks to replace uncooperative members, in an effort to force interest rates lower. German Consumer Confidence plunged even lower, while political instability in Europe lurches towards crises. The EUR drifted back to 1.1630, while the GBP held below 1.3500.The latest inflation reading from Australia spooked markets, with a huge spike upwards in July. The CPI number jumped from, 1.9% to 2.8%, all but ensuring a halt to RBA interest rate cuts. The number seemed to boost the AUD, which reclaimed 0.6500, while the NZD trades around 0.5850. Markets will focus on the US GDP growth number, set to be released later today.
