Traders will focus for one more day on Brexit as the UK Parliament voted the Brexit plan but rejected the timetable to take UK out of EU. European trading session starts with France October business confidence and manufacturing confidence due at 6:45GMT. Later on the day the US MBA mortgage applications for the week 18 October will be released at 11:00GMT. In Canada the Wholesale Trade m/m will be out at 12:30GMT. Crude oil traders will closely watch the EIA Crude Oil Stocks Change due at 14:30GMT.
The International Monetary Fund lowered its 2019 growth forecasts for Asian economy to 5% from 5.4% projection made in April. IMF has also revised the 2020 growth forecast lower to 5.1% from 5.4%. The global economy’s growth rate expected to 3% down from 3.2% in a July forecast.
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Earlier today the New Zealand Trade Balance (year over year) came in at $-5.21B, beating forecasts of $-5.49B in September, the monthly reading came in at $-1242M, below forecasts of $-1112M in September.
The United States API Weekly Crude Oil Stock fell from previous 10.5M to 4.45M in October 18.
Asian equity indices are trading mixed today; Nikkei is 0.36% higher, the Hang Seng trading 0.81% lower at 26,567 and Singapore Straits Times is 0.60% lower at 3,141. EURUSD trades 0.03% higher at 1.1127; the USDJPY is 0.07% lower at 108.40 while the AUDUSD is 0.14% lower at 0.6846.
The central bank of China set the Yuan rate (USDCNY) at 7.0752 versus yesterday settlement at 7.0668.