The Fed week starts slowly with European traders attention to Germany September import price index, which will be released at 7:00GMT. Eurozone September M3 money supply will be out at 9:00GMT. The SNB total sight deposits for the week 25 October is due at 9:00GMT. The UK October CBI retailing reported sales will be released at 11:00GMT.
In the American forex calendar the Wholesale Inventories m/m, the Goods Trade Balance the Retail Inventories m/m the Retail Inventories excl. Autos m/m and the Chicago Fed National Activity Index all to be released at 11:30GMT. The Dallas Fed Manufacturing Index will be out at 13:30GMT.
In our central bank calendar, ECB President Mario Draghi speaks at 14:00 while the BoE MPC Member Tenreyro delivers a speech at 16:00GMT.
Fed is widely expected to cut interest rates by 25 bps. Japan and Canada central banks will also deliver monetary policy decisions.
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Asian equity indices are trading higher; Nikkei is 0.41% higher and the Hang Seng trading 0.82% higher at 26,893. EURUSD trades 0.07% higher at 1.1087; the USDJPY is 0.06% higher at 108.72 while the AUDUSD is 0.08% lower at 0.6815.
The central bank of China set the Yuan rate (USDCNY) at 7.0762 versus yesterday settlement at 7.0749.Download our latest quarterly market outlook for our longer-term trade ideas.
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