Considering yesterday’s market dynamics and lack of important macro data today we can expect calm day on the markets. We should consider US new home sales in the afternoon and US EIA crude oil stocks change.
CPI better than forecasts
At night we got to know Q3 CPI published by Australian Bureau of Statistics. It informs about change of prices for consumers.
Readings were truly optimistic and AUD got quite stronger after that:
In the morning we got to know data from Germany. Despite worse score of Gfk Consumer Confidence Survey (drop from 10.0 to 9.7) higher impact on Euro has improved Import Price Index from -2.6% to -1.8%.
As an effect of this publication EURUSD broke above lasting fo four days consolidation and broke bearish trend line on H1 chart.
What are we still waiting for
- 1:30 PM (GMT) – US Goods Trade Balance for September
- 2:45 PM – US Markit Services PMI
- 3:00 PM – US New Home Sales
- 3:30 PM – US EIA Crude Oil Stock Change
- 10:45 PM – New Zealand’s Trade Balance
