Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Market news by Solforex
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="limyeeshin, post: 113238, member: 35099"] [B][U][SIZE="5"][COLOR="Blue"]Edition 75|October 31, 2016[/COLOR][/SIZE][/U][/B] The U.S. dollar weakened against other major currencies amid heightened political uncertainty after the FBI revealed its investigation into private email use of Democratic presidential candidate Hilary Clinton. The dollar tumbled after the FBI’s new probe by rocking Clinton’s presidential campaign, slight more than a week ahead of the voting day on November 8. The market took the development as an advantage to the rival Republican Donald Trump, who has been trailing her polls. Still, there is no change in the market’s anticipation of the Federal Reserve to raise the rates in December. Big question for the market is the pace of the Fed’s rate hike next. The market would be reluctant to do much amid the political development is raising uncertainty. Earlier the week, the dollar had been boosted by a stronger than expected U.S. third quarter GDP at an annual rate of 2.9%, above 2.5% growth forecasted. The dollar edged down to 98.369, from Tuesday’s near nine-month high of 99.119. Japanese yen held slightly stronger in Asia Monday after the release of upbeat industrial output data. Japan reported provisional industrial production for October as unchanged from September, but better than the 1.5% drop expected. Also, retail sales for September fell 1.9% on annual basis as broadly expected, following the 2.2% fall in August, seventh straight drop. USD/JPY changed hands at 104.72, down 0.01%. Australian dollar held weaker on Monday after the housing credit and private sector credit reports. Australia reported housing credit for September rose 0.5%, unchanged from August, and private sector credit rose 0.5% monthly as expected. The Reserve Bank of Australia said that Investor housing credit is showing slower pace because of switch in mortgages from investor housing to owner-occupiers. Until now, AU$45 billion worth of mortgages has switched from the investor to the owner occupier sector. AU$1 billion worth of mortgage switching occurred in September. AUD/USD fell 0.13%, traded at 0.7591. Elsewhere, the euro boosted 0.82% to 1.0985 against the greenback in late trade Friday, its largest one-day gain in nearly two months. The euro zone flash GDP estimate and inflation data are due later in the day. While the data may not significantly influence market perception on the euro zone’s economy, stronger output could fuel the speculations on the European Central Bank may scale down its bond buying measure next year. GBP/USD edged down 0.10%, at 1.1280. The Mexican peso, which is seen as the best barometer on the markets’ view on the U.S. presidential election, weakened 0.3% in early trade Asia at 19.025 against the dollar at near three week lows. In the week ahead, investors will be looking ahead to Federal Reserve’s policy statement on Wednesday for better indication on the pace of the next rate hike. Market participants will also closely watch central bank meetings in the U.K., Japan and Australia. [B][SIZE="4"][COLOR="RoyalBlue"]Weekly Events and Forecasts[/COLOR][/SIZE][/B] Ahead of the coming week, Solforex has compiled a list of these and other significant events likely to affect the markets. [B][U][COLOR="Red"]Monday, October 31[/COLOR][/U][/B] Japan is to release data on industrial production, housing starts and construction. The euro zone is to publish preliminary reading on their quarter GDP growth and initial estimate on inflation. The U.K. is to release data on net lending. The U.S. is to report on personal income and expenditure as well as PMI reading in Chicago region. [B][U][COLOR="Red"]Tuesday, November 1[/COLOR][/U][/B] China is to release official data on manufacturing and service sector, followed by the Caixin manufacturing index. The Reserve Bank of Australia is to announce its benchmark rate and publish policy statement. Bank of Japan is to announce its policy decisions and hold a press conference after the meeting. The U.K. is to report on manufacturing. Canada is to release monthly report on economic growth. The U.S. is to release data on construction costs and ISM manufacturing index. [B][U][COLOR="Red"]Wednesday, November 2[/COLOR][/U][/B] New Zealand is to release its quarterly employment report followed by data on inflation expectations. Australia is to release data on building permits. The U.K. is to publish ADP report on job creation. In the U.S., the Federal Reserve is to announce its policy decisions and its benchmark interest rate. [B][U][COLOR="Red"]Thursday, November 3[/COLOR][/U][/B] Financial markets in Japan are closed for a holiday. China is to publish Caixin PMI on service sector. Australia is to release its trade balance. The U.K. is to produce data on service sector. The Bank of England is to announce its benchmark interest rate followed by the policy announcement and a press conference with Governor Mark Carney. The euro zone is to release data on unemployment rate. The U.S. is to release data on weekly initial jobless claims, nonfarm payrolls, factory orders and ISM manufacturing index. [B][U][COLOR="Red"]Friday, November 4[/COLOR][/U][/B] Australia is to release data on retail sales. Euro zone is to report on producer price inflation. The U.S. is to report on trade balance as well as closely watched nonfarm payrolls report. The above schedule may change* [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…