FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Today’s session started with Kaplan’s midnight speech about the US economic outlook at the Stanford Institute for Economic Policy Research.

At 14:00, BLS will announce the number of the latest job openings and at 18:00, the Federal Reserve will publish the detailed record of the FOMC’s most recent meeting; the latest rate was kept unchanged.

Volatility is expected to be high as insight into the conditions that influenced the board’s decision to keep the rates unchanged will be announced.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – Euro above $1.18, as Catalonia delays unilateral declaration of independence. Euro escalated to a fresh 12-Day high after a series of positive data were released from the Eurozone, taking the pair above the $1.18 psychological level. This morning fears of rapture were averted as Catalonia’s separatist vote was momentarily put on hold, pushing Euro higher to a previous high against Dollar.

• GBPUSD – Pound appreciates on positive data, breaks resistance of 1.3184 and 100 HMA. Sterling moved further away from last week’s low of 1.3026, as yesterday’s Manufacturing Production release came out 0.2% higher than expected. Sterling was rejected at the 61.80% FE, at 1.3223, but could be corrected due to a role swap of the aforesaid resistance level.
• USDJPY – Dollar declines on Trump’s tax reform doubts against Yen ahead of FOMC minutes. US tax overhaul plan weighed on Dollar yesterday adding pressure to the currency while Yen pushed the pair lower, as strong Machinery Orders data were released.
  Dollar-Yen broke the daily support at 112.20 but managed to remain firm above (currently trading near 112.40) while investors focus on today’s meeting Minutes release at 18:00 GMT.
• USOIL – Oil surges to 100% retracement at $51.40 as Saudis’ agree to cut exports, Mexico refineries still offline. Crude Oil climbed to a previous high of $51.40 reached 5 days ago amid a 7% export slash by Saudis. Crude price was supported by Mexico as oil refineries remained offline after Tropical Storm Nate shut down almost 90% of Gulf production.
  Eyes on API weekly report at 08:30 GMT.
• XAUUSD – Weak US Dollar carryover boosts Gold prices higher, correction ahead. Spot Gold raised to a fresh high of ~1295.00, price rejected by the 61.80% FE and corrected to a low of 1286.00.
  The daily chart shows some bullish convergence; both the 4H and 1H charts show a bullish divergence, while the 1H appears to be showing also a bullish convergence. The price of Gold could move higher above the psychological $1300, where the next FE lays; depends on today’s FOMC minutes.

• In US Indexes, S&P 500 raised 0.23% and DJ appreciated 0.31%.
• In Europe, UK 100 tilted 0.40% up while DE30 saw a 0.21% fall.
• In Asia, ASX 200 jumped +0.58% higher, Hang Seng appreciated 0.07%, and Nikkei increased 0.28%.
• In stocks, Twitter slid 1.46% while Tesla surged 3.69%.