FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

The session starts with the Australian Retail Sales and Trade Balance at 12:30 and will be followed by ECB Policy Meeting Accounts hours at 11:30.

Statistics Canada and US will release its own Trade Balance while at the same time, 12:30, US will publish its latest Unemployment figures.

FOMC members Powell and Harker are due to speak at events at 13:10 and 14:00 respectively.

MPC members McCafferty and Haldane will speak at The Founders’ Company Annual Lecture at 16:00 and about central bank engagement with society at the Economic Research Council at 17:30, respectively.

Today’s Forecast for Important Trading Indicators

Market Movers

• USDJPY – Dollar gains versus the Yen on positive service sector activity report. USDJPY moved from a low of 112.31 to a high of 112.93 on the back of a better than expected ISM Non-Manufacturing PMI report, despite the ADP lead to Friday’s NFP was disappointing just earlier in the session. The ISM data showed the inflation component jump to a 5-Year high while the pair upsurged from a recent low. Yellen’s speech later on the session did not inspire bullish sentiment, as she changed her bullish stand to neutral.

• EURUSD – Liquid Euro remains almost unchanged, as Dollar strength recovers earlier wins. Euro moved higher on yesterday’s session to a level of 1.7860 and was rejected by the descending trendline started on September 25, only to be pushed lower to the bottom of the ascending trendline started on September 27. The initial move occurred after a series of economic data were released in the Eurozone, while the recovery of the Dollar was due to the positive ISM data.
• BTCUSD – Bitcoin falls below key support level at $4200 on ICO crackdown. The King of Cryptocurrencies declined further away from the recent high of $4450, as Chinese government defends regulators decision to abolish ICOs in China. The depreciation was supported by UBS Chairman remarks, when he played down the digital currencies by saying Bitcoin “is only a transaction currency”. The popular coin currently trades at the bottom line of the descending channel, below the aforementioned strong support, but still above the $4000 mark.

• USOIL – Strong EIA stocks decline pushes Oil higher, gasoline figures disappointing. Crude Oil appreciated due to the massive draw in inventories of -6.0M barrels, compared to an expectation of -0.5M, reached a recent high of $50.80. Price reverses, hits a 2-Week low despite the positive stock data as investors focus on Libya, increase in exports. An uptick in gasoline inventories weighed as expectations were missed.
• XAUUSD – Gold trims gains on better than expected US ISM data, currently in consolidation. Spot Gold appreciated early in yesterday’s session as price formed a strong support by the 1267.00 level, increasing buyers in the market. Gold gave up the early gains as Dollar strengthened due to better than expected ISM Non-Manufacturing Services PMI, however price was rejected at the previous low of 1270.70, indicating the bulls are still in charge.
• In US Indexes, S&P 500 closed 0.12% higher while DJ appreciated a marginal 0.09%.
• In Europe, UK 100 remained unchanged while DE 30 raised 0.53%.
• In Asia, ASX 200 and Nikkei remained unchanged while Hang Seng surged 0.73%.
• In stocks, Tesla surged 1.97%, Facebook declined 0.91%.