FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

At 12:30 the Australian Bureau of Statistics published its latest Employment Change and Unemployment Rate data, while later in the session, at 02:00, the NBS in China released Q3 GDP figures.

The Office for National Statistics in the UK will release the latest Retail Sales figures at 08:30.

In the afternoon, at 12:30, US is scheduled to release its Unemployment Claims report for the week ending October 13, whereas, at the same time the Philadelphia Fed survey is also scheduled to be released.

Today’s Forecast for Important Trading Indicators

Market Movers

  • USD/JPYUS Treasury Yields sends Dollar to fresh highs against Yen despite poor Housing data. Dollar extended its gains for a 3rd consecutive session owing to increased risk-on appetite as US Bond Yields tilted at least 3bp higher. The pair reached a high of 113 despite the negative Building Permits and Housing Starts data. Investors eye today’s Philly Manufacturing Index and Jobless Claims.
  • EUR/USDEuro takes a breather from the 4-day bearish trend on German Bonds. Euro recovered some losses against Dollar during Wednesday’s session as interest rate of German bonds sold decreased from 1.27 to 1.22, taking German Yields and the Euro higher. Despite a strong Dollar, Euro also reached a 3-day high near 1.1820, a break of which could take the pair to fresh highs. ECB’s Draghi was neutral on his speech in Frankfurt and provided no hints that could provide investors with probable opportunities.
  • GBP/USDSterling retests the 1.3150 support again on UK data, recovers some of the losses later. The British Pound fell against Dollar for another session before reversing above the daily open. The pair was mixed around the release of UK data despite the Unemployment Rate hit a 42-year low and Wage Growth came out better than expected as the latter saw a slower progress than inflation. The release of today’s Retail Sales could provide investors clues about GBP/USD future price.
  • USOILEIA reports 5.7M barrels draw in stocks instead of 4.7M supporting Oil bullishness, Oil mixed. Crude Oil inventories fell 1.0M barrels more than expected while Oil prices were mixed on worries of oversupply. Despite OPEC favors an extension in an Oil production cut for another 9 months and production flow through the Kurdish pipeline dipped 375K bpd, gasoline inventories rose by 900K barrels and thus concerns on demand of Oil increased. Oil currently trades near $25.20 per barrel.
  • XAU/USDStrong Dollar and risk-on environment pressures Gold, Gold remains firm regardless. Spot Gold fell to the 61.80% FR at 1.1278 where price was rejected despite the strength of the US Dollar increased on US Yields rise. The price of Gold did hit a fresh weekly low but the decline was slower than Dollar’s appreciation. Gold currently trades above $1280 while investors look forward to the US Jobless and Philly Manufacturing data.
  • In U.S Indexes DJ moved 0.70% higher while S&P 500 increased a marginal 0.07%.
  • In Europe UK 100 climbed 0.36% while DE30 +0.37%.
  • In Asia ASX 200 depreciated a mere 0.08%, Nikkei appreciated by 0.40% and Hang Seng slid 0.57% lower.


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