03.11.16

Good morning,

Japanese markets will remain closed today for the Culture Day holiday. Australian Trade Balance figures were out with a better than expected figure, although there is still a decline happening. Imports fell, and exports grew. AUDUSD trading at 0.7682 at time of writing. The Reserve Bank of Australia will publish their Monetary Policy Statement in the next 24 hours. In New Zealand the ANZ Commodity Price Index for October was released, the number was out at 0.7% down from 5.1% previously. NZDUSD trading at 0.7319 at time of writing.

In Europe this session Sweden will release Industrial Production and New Orders Manufacturing data for September. Italian Unemployment data for the same month will be out shortly afterwards. The Euro Zone Economic Bulletin and the Unemployment Rate for September will also be out this session. The main news on the calendar today however will be the Bank of England Interest Rate decision. GBPUSD trading at 1.2345 at time of writing.

Across the Atlantic today we are heading into the last weekend of the Presidential Election campaign between Donald Trump and Hillary Clinton. Jobless Claims figures and preliminary Non Farm and Labor Costs figures will be out this session, with the Markit Services and Composite PMI data for October ahead of the ISM Non-Manufacturing PMI and Factory Orders data round off today's data releases. Non Farm Payrolls, and the October Unemployment Rate will be the highlight of the US data feeds tomorrow, while Canadian Unemployment will be released at the same hour. Volatility expected in the USDCAd pair around these figures. EURUSD trading at 1.1107 at time of writing.

I hope you all have a nice day.