01.11.16

Good morning,

The Reserve Bank of Australia left interest rates unchanged, as did the Bank of Japan, markets had forecast an unchanged rate in both instances. AUDUSD trading at 0.7665 at time of writing while USDJPY was trading at 104.90 at time of writing. The Bank of Japan's Governor Kuroda gave a press conference following the publication of their latest decision. New Zealand will publish unemployment data in the coming 24 hours.

In Europe this session Swiss Retail Sales figures will be the first item on the agenda followed shortly afterwards by the SVME Purchasing Managers' Index for October. EURCHF trading at 1.0855 at time of writing. Markit Manufacturing PMI figures from both Greece and the United Kingdom are on the calendar today. Later this week Britain will find out what the Bank of England intends to do regarding their base Interest Rate as the Brexit issue remains a feature of discussion.

Across the Atlantic today Redbook Index figures for October will be the first item from the United States as the 2016 Presidential Election is a item of interest that the markets are mainly focused on for the next couple of weeks. The ISM Manufacturing PMI and Prices Paid figures along with Construction Spending will be out later in the session. Canadian figures out today will include the Gross Domestic Product for August and the Royal Bank of Canada Manufacturing PMI for October will lead into a speech given by Bank of Canada's Governor Stephen Poloz. USDCAD trading at 1.3393 at time of writing.

I hope you all have a nice day.