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United Kingdom Retail Sales (YoY) registered at 1.5% above expectations (0.6%) in September
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FX option expiries for 24 October 10am New York cut
There aren’t any major expiries to take note of on the day, as seen with the full list below.
Trading sentiment today will center around the only game in town, that being the US CPI report for September. So, that will define how markets will look to wrap up the week. The session ahead will have some data releases to work with before the main event, in the form of UK retail sales and euro area PMI data. But barring any surprises, traders and investors will be more interested in gearing towards the US inflation numbers before really chasing anything before the weekend.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
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Japan prime minister Takaichi says will implement responsible proactive fiscal policy
- The foundation of our approach will be guided by the principle of ‘economy first, then fiscal policy’
- Will ensure fiscal sustainability and maintain market confidence by reducing the debt-to-GDP ratio
- Will swiftly compile economic measures and submit supplementary budget to parliament
She’s trying to be more modest about her stance now that she is in the hot seat. But again, these are just words. We’ll have to see what the budget comes up to be at the end of the day before really drawing any conclusions. For now, the Japanese yen continues to soften on the week with USD/JPY approaching 153.00 today.
This article was written by Justin Low at investinglive.com.
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China strikes conciliatory tone ahead of expected Trump-Xi meeting
Chinese Commerce Minister Wang Wentao told reporters Friday that the U.S. and China can still find ways to work together, and that Beijing opposes decoupling. -
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet. -
India HSBC Services PMI fell from previous 60.9 to 58.8 in October
India HSBC Services PMI fell from previous 60.9 to 58.8 in October -
India HSBC Composite PMI down to 59.9 in October from previous 61
India HSBC Composite PMI down to 59.9 in October from previous 61 -
India HSBC Manufacturing PMI climbed from previous 57.7 to 58.4 in October
India HSBC Manufacturing PMI climbed from previous 57.7 to 58.4 in October -
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3313; (P) 1.3350; (R1) 1.3394; More… Outlook in GBP/USD is unchanged. Intraday bias remains neutral and fall from 1.3725 could extend lower. Break of 1.3247 will target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the corrective pattern from 1.3787. […]
The post GBP/USD Mid-Day Outlook appeared first on Action Forex.
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Japan Coincident Index fell from previous 113.4 to 112.8 in August
Japan Coincident Index fell from previous 113.4 to 112.8 in August
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