Nov 08


  • BY: Donal Kelly
  • November, 08th, 2016 12:37 +00:00

Good morning,

Australian data released overnight shows that the National Australia Bank's Business Confidence fell in October. AUDUSD trading at 0.7701 at time of writing. Chinese Trade Balances saw both exports and imports contracting. Japan then saw the preliminary Leading Economic Index and Coincident Index data were in line with previous figures. USDJPY trading at 104.39 at time of writing. Looking ahead to later in the week, the New Zealand Interest Rate Decision is expected to see a reduction from 2% to 1.75%

AUDUSDecnDaily 08.11.16USDJPYecnDaily 08.11.16

In Europe this session Swiss Unemployment data will be the first item on the agenda while German figures including Industrial Production and Trade Balances will be out shortly afterwards. France will look towards Trade Balance data. British Inflation Report Hearings and Industrial and Manufacturing Production figures will be out this session. EURGBP trading at 0.8896 at time of writing.

EURGBPecnDaily 08.11.16EURUSDecnDaily 08.11.16

Election Day 2016: Voting taking place across the United States today, with Donald Trump and Hillary Clinton campaigning until late last night. The next 24 hours, or perhaps longer, will be closely followed by the markets as results either way are expected to have very different reactions expected from the markets. Trump winning is expected to be a more volatile outcome. EURUSD trading at 1.1046 at time of writing. Market data out this session will include the Redbook Index and the JOLTS Job Openings figures.

I hope you all have a nice day.