A lot happened last night – there was the third debate with US candidates, we listened to what member of the FOMC William Dudley had to say and we followed the publication from the Antipodes. The main event of the day remains afternoon ECB decision.

The third debate between Donald Trump and Hillary Clinton has been recognized by investors as… boring. Nothing more than a lack of interest should explain only a slight movement of USDMXN – a pair specially sensitive to the fluctuations of support in the polls for Donald Trump. The billionaire is known from its reluctance to Mexico, and in case of winning the presidential race Mexico (as well as the Mexican peso) will suffer the most. USDMXN few days on a downward trend:

With mixed feelings left us with his speech Fed Chairman in New York William Dudley. He acknowledged that he sees the need for clearer communication of the Federal Reserve with financial markets. Asked to assess the recent statements of other members of the FOMC noted that the voice of some of them is more important than others. However he noted that president Yellen reflects the consensus as always which is undertaken at the FOMC meetings.

According to Dudley if the economy continues on its current track then one increase this year will be quite understandable. At the same time he diminished the value of that by claiming that the increase of a quarter of a percentage point is not a big deal. Dudley sees no need for aggressive monetary policy due to flattening of the level of unemployment. USDJPY after the speech, moved further up:

The dollar strengthened relative to the AUD, and it’s because of disappointing data flowing to us from the Antipodes. Although the unemployment rate remained unchanged at 5.6% (the forecast said by 5.7%), both the participation rate and changes in the level of employment in Australia (-9.8 thousand. Against a forecast of 15 thousand.) AUDUSD corrected the whole yesterday gains stopping currently at support around 0.7660:

What are we waiting for?

It seems that the answer to this question is clear. Investors will be completely absorbed by today’s ECB decision on European monetary policy. But before that happens we will follow:

• 10:30 publication of the British report on changes in the level of retail sales in the UK. The September report will be another opportunity to check whether Brexit actually affect changes in the habits of British society. Forecasts point to a growth of 0.4% on a monthly basis both wide and the base index of retail sales.
• at 13:45 will be the most important news of this day – publication of the ECB’s decision on the amount of the deposit rate (forecast -0.4%, unchanged) and the main interest rate (unchanged at 0.0%).
• a lot will happen at 14:30. First of all, start of the press conference Mario Draghi, which will be live reported directly on the Comparic profile on Twitter. We will know the Philly Fed index (forecast 5.3 to 12.8 previously) claims (forecast 250 thousand. To 246 thousand. A week ago) and another speech by William Dudley of the FOMC.
• 16:00 US will publish a report summarizing the sale of real estate on the secondary market in September (forecast an increase of 0.4% against a decline of 0.9% a month earlier)