18.10.16

Good morning,

Asian markets saw the Deputy Governor of the Reserve Bank of Australia spoke before the Meeting Minutes were published. The expectations of an interest rate cut has diminished and as a result of this the Aussie Dollar found buyers. AUDUSD trading at 0.7685 at time of writing. The correlated Kiwi dollar also found interest leading into the Aussie data release as their third quarter Consumer Price Index data was slightly higher than had been expected. NZDUSD trading at 0.7192 at time of writing.

In Europe this session the focus will be on the United Kingdom Consumer & Producer Price Indices figures for September. The Retail Price Index for September and the DCLG House Price Index for August will be published to coincide with the CPI & PPI data. GBPUSD trading at 1.2253 at time of writing. Unemployment data on the agenda for Britain tomorrow, with Retail Sales figures and the European Central Bank Interest Rate decision this Thursday.

Across the Atlantic today we also will see Consumer Price Index figures out on Wall Street. Redbook Index figures and the NAHB Housing Market Index and TIC Flows figures will be on the agenda Stateside. Canadian Manufacturing Shipments figures for August will be published. USDCAD trading at 1.3074 at time of writing. The Bank of Canada Interest Rate decision will be announced tomorrow, and the rate is expected to remain unchanged at 0.5%

I hope you all have a nice day.