FX & CFD trading involves significant risk
Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual
00:30 Australia Wage Price Index, q/q Quarter III +0.6% +0.6% +0.6%
00:30 Australia Wage Price Index, y/y Quarter III +2.6% +2.6% +2.6%
The U.S. dollar softened against its major peers after investors seem to sell the greenback for profits after its rally.
The Australian dollar recovered from his four-year low from last Friday and is currently trading positive against the greenback after the release of a strong business conditions survey that improved by the most on record.
The Kiwi was trading higher after the central banks report on financial stability. RBNZ Governor Graeme Wheeler would not comment on a possible intervention but judges the exchange rate of the NZD unjustified.
The Japanese yen currently trading at USD115.36 recovered from yesterday’s new seven-year low against the U.S. dollar after BoJ board member Ryuzo Miyao said the governemnts bond buying program could stop around the second half of 2015.as inflation nears 2%. Speculations about Prime Minister Shinzo Abe postponing the planned sales tax increase and call snap elections are still weighing on the Japanese yen.
EUR/USD: the currency pair rose to USD1.2487
USD/JPY: the U.S. dollar traded weaker against the Japanese yen
GPB/USD: The British pound traded stronger against the U.S. dollar
The most important news that are expected (GMT0):
08:00 U.S. FOMC Member Charles Plosser Speaks
09:30 United Kingdom Average Earnings, 3m/y September +0.7% +0.8%
09:30 United Kingdom Average earnings ex bonuses, 3 m/y September +0.9% +1.1%
09:30 United Kingdom Claimant count October -18.6 -24.9
09:30 United Kingdom Claimant Count Rate October 2.8%
09:30 United Kingdom ILO Unemployment Rate September 6.0% 5.9%
10:00 Eurozone Industrial production, (MoM) September -1.8% +0.6%
10:00 Eurozone Industrial Production (YoY) September -1.9% -0.4%
10:30 United Kingdom BOE Inflation Letter
10:30 United Kingdom BOE Gov Mark Carney Speaks
15:00 U.S. Wholesale Inventories September +0.7% +0.3%
16:25 Canada BOC Deputy Governor Lawrence Schembri Speaks
17:00 U.S. FOMC Member Narayana Kocherlakota
21:30 New Zealand Business NZ PMI October 58.1
21:45 New Zealand Food Prices Index, m/m October -0.8%
21:45 New Zealand Food Prices Index, y/y October-0.1%
23:50 Japan Core Machinery Orders October +4.7% -1.0%
23:50 Japan Core Machinery Orders, y/y October -3.3% -1.3%
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.