Pound, US Dollar May Prove Noncommittal on PMI and ISM Data

Talking Points:

October’s survey headlines the data docket in European trading hours. Economic news-flow has softened relative to consensus forecasts over the past month, opening the door for the possibility of a downside surprise. Such an outcome may feed fears that cooling in wake of the Brexit referendum is beginning to emerge, weighing on the .

Later in the day, the analogous report will enter the spotlight. The outcome may boost the if the past two weeks’ cautious improvement in US data outcomes continues. Follow-through may prove limited for Sterling and the greenback however, with investors probably unwilling to commit to a strong directional bias as and BOE rate decisions loom ahead.

The underperformed sentiment brightened in Asian trade, sapping demand for the anti-risk unit. Commodity-bloc FX followed regional shares upward, with the leading the way after a somewhat upbeat dented rate cut chances further. Indeed, the currency surged alongside front-end bond yields after Governor Philip Lowe’s statement crossed the wires.

22:30

AiG Perf of Mfg Index (OCT)

50.9

49.8

22:30

AUD

ANZ Roy Morgan Weekly Consumer Conf

114.1

113.6

23:00

AUD

CoreLogic House Px (MoM) (OCT)

0.5%

1.0%

23:00

QV House Prices (YoY) (OCT)

12.7%

14.3%

0:30

Japan PMI Mfg (OCT F)

51.4

51.7

1:00

CNY

Manufacturing PMI (OCT)

51.2

50.3

50.4

1:00

CNY

Non-manufacturing PMI (OCT)

54.0

53.7

1:45

CNY

Caixin China PMI Mfg (OCT)

51.2

50.1

50.1

2:55

JPY

BOJ Policy Rate

-0.10%

-0.10%

-0.10%

3:30

AUD

RBA Cash Rate Target

1.50%

1.50%

1.50%

5:00

JPY

Vehicle Sales (YoY) (OCT)

0.8%

3.7%

5:30

AUD

Commodity Index AUD (OCT)

100.2

92.9

5:30

AUD

Commodity Index SDR (YoY) (OCT)

16.0%

3.9%

6:30

JPY

BOJ’s Kuroda Holds Press Conference

8:15

Retail Sales Real (YoY) (SEP)

-2.2% (A)

-3.0%

Low

8:30

CHF

PMI Manufacturing (OCT)

54.7 (A)

53.2

Medium

9:30

Markit UK PMI Manufacturing SA (OCT)

54.5

55.4

Medium

1.0853

1.0912

1.0946

1.1005

1.1030

1.1089

1.1995

1.2103

1.2172

1.2280

1.2319

1.2427

Будьте первым, кто решился написать!

Поделитесь своим мнением:

E-Mail адрес не будет опубликован.


*