Forex Focus on German Factory Orders

Our trading calendar starts in European trading session with the German factory orders due at 6:00GMT Swiss currency reserves will be released at 7:00GMT while the Swiss total sight deposits will come out at 8:00GMT.

In American calendar the Fed Consumer Credit month over month will be released at 19:00GMT.

In our central bankcalendar Fed Chair Powell will deliver a speech at 19:00.

In Asian trading session the Japan August leading index came in at 91.7 in line with expectations.   Japan Coincident Index came in at 99.3 below expectations of 101.1 in August.

The Australia AiG Performance of Construction Index came in at 42.6  from previous 44.6 to in September.

Asian indices are trading mixed today; Nikkei is 0.18% lower at 21,370. EURUSD trades 0.02% higher at 1.0977; the USDJPY is 0.01% lower at 106.88 while the AUDUSD is 0.30% lower at 0.6748.

Trade tensions between US and China and EU and US after new tariffs and political turbulence in Capitol Hill will continue to have a significant impact on forex markets. Brexit developments will be the main force that drives GBP.

Don’t miss a beat! Follow us on Telegram and Twitter.

Download our latest quarterly market outlook for our longer-term trade ideas.

Do you enjoy reading our updates? Become a member today and access all restricted content. It is free to join.

Related Posts: