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Forex Focus on Pending Home Sales

European trading session starts at 7:00GMT with UK October Nationwide housing prices data. The France October consumer confidence is due at 7:45GMT. The UK September mortgage approvals and credit data will be out at 9:30GMT.

In American forex calendar, the Pending Home Sales m/m and CB Consumer Confidence Index will be out at 13:00GMT.

Japan Tokyo Consumer Price Index (YoY) came in at 0.4% below expectations of  0.5% in October.

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Asian equity indices are trading higher; Nikkei is 0.47% higher at 22,974 and the Hang Seng trading 0.36% lower at 26,787. EURUSD trades 0.07% lower at 1.1091; the USDJPY is 0.01% higher at 108.94 while the AUDUSD is 0.27% higher at 0.6856.

The central bank of China set the Yuan rate (USDCNY) at 7.0617 versus yesterday settlement at 7.0762.

Trade tensions between China and the US and the recent developments will continue to have a significant impact on forex markets. Brexit developments will be the main force that drives Pound.Download our latest quarterly market outlook for our longer-term trade ideas.

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