IronFX Daily Commentary by Sakis Paraskevov | 31/10/2016
October 31, 2016 9:43 am
Dollar tumbles as Clinton’s emails come back in focus • USD & US equities tumbled Friday on an FBI announcement about Clinton’s emails. • This was seen as taking momentum away from Clinton and thus, it makes the election outcome even more uncertain.
Today: • Eurozone: Prel. CPI for Oct. Following Germany’s CPI acceleration, we may see a positive surprise. Could prove EUR-positive. • US: Pers. income & spending for Sept. Strong data could support USD.
As for the rest of the week: • Tues: BoJ and RBA rate decisions. Both Banks are exp. to stand pat. Focus shifts on the language of the statements accompanying the decisions. • Wed: FOMC policy meeting. Focus will be on the meeting statement. We expect a signal that a rate hike is imminent should the data hold up. ADP empl. report for Oct. • Thurs: “Super Thursday” for the BoE. We have the rate decision, the meeting minutes, and the quarterly Inflation Report released simultaneously. • Frid: US employment report for Oct. NFP exp. at 170k vs 156 in Sept.
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Dollar tumbles as Clinton’s emails come back in focus
• USD & US equities tumbled Friday on an FBI announcement about Clinton’s emails.
• This was seen as taking momentum away from Clinton and thus, it makes the election outcome even more uncertain.
Today:
• Eurozone: Prel. CPI for Oct. Following Germany’s CPI acceleration, we may see a positive surprise. Could prove EUR-positive.
• US: Pers. income & spending for Sept. Strong data could support USD.
As for the rest of the week:
• Tues: BoJ and RBA rate decisions. Both Banks are exp. to stand pat. Focus shifts on the language of the statements accompanying the decisions.
• Wed: FOMC policy meeting. Focus will be on the meeting statement. We expect a signal that a rate hike is imminent should the data hold up. ADP empl. report for Oct.
• Thurs: “Super Thursday” for the BoE. We have the rate decision, the meeting minutes, and the quarterly Inflation Report released simultaneously.
• Frid: US employment report for Oct. NFP exp. at 170k vs 156 in Sept.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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