Forex Focus on UK construction PMI, and Boris Johnson Brexit Plan

All eyes will be on Brexit developments today as Boris Johnson will announce his proposal to EU.

Traders await the Swiss CPI due at 6:30GMT and the UK construction PMI at 9:30GMT. MBA mortgage applications will be released at 11:00GMT.

On the American forex calendar the US ADP Employment Change report will be released at 12:30GMT.

 

In our central bank calendar, ECB Vice President de Guindos will speak at 11:00 while  FOMC Member Williams will deliver a speech at 11:50GMT.

 

Japan September consumer confidence 35.6 vs 36.5 expected. Japan Monetary Base (YoY) came in at 3% below forecasts (3.1%) in September.

Asian indices are trading mixed today; Nikkei is 0.51% lower at 21,776. EURUSD trades 0.02% lower at 1.0929; the USDJPY is 0.07% higher at 107.81 while the AUDUSD is 0.07% higher at 0.6709.

Trade tensions and political turbulence in Capitol Hill will continue to have a significant impact on forex markets.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.