Forex Focus on Eurozone October CPI, and US Initial Jobless Claims
Markets digest the Fed rate cut as European traders await the Germany September retail sales data due at 7:00GMT. France October preliminary CPI figures will be out at 7:45GMT. Spain Q3 preliminary GDP figures will be released at 8:00GMT. Eurozone October preliminary CPI figures, Eurozone Q3 preliminary GDP figures, Eurozone September unemployment rate, and Italy October preliminary CPI figures will be released at 10:00GMT. Italy Q3 preliminary GDP figures will be out at 11:00GMT.
In the American calendar, the US October Challenger job cuts data is due at 11:30GMT. In Canada, the GDP monthly and yearly readings will be out at 12:30. The PCE Price Index y/y, Personal Spending m/m, Employment Cost Index q/q and Initial Jobless Claims will be released at 12:30. MNI Chicago Business Barometer is due at 13:45.
Asian equity indices are trading mostly higher today; Nikkei is 0.37% higher at 22,927 and the Hang Seng trading 0.67% higher at 26,845. EURUSD trades 0.11% higher at 1.1161; the USDJPY is 0.15% lower at 108.67 while the AUDUSD is 0.24% higher at 0.6919.
The central bank of China set the Yuan rate (USDCNY) at 7.053 versus yesterday settlement at 7.0582.Download our latest quarterly market outlookfor our longer-term trade ideas.
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