- Australia’s CB leading index down by 0.2%, MI leading index down by 0.1%
- Australian CPI up by 0.5% in Q3 as expected
- Nikkei up by 2.64% for the day
- BOE minutes to show more caution?
Not even a light data calendar was enough to keep forex pairs quiet, as risk appetite appeared to improve in the past few hours. The Nikkei was able to log in a 2.64% gain for the day while most Asian equity indices closed in the green as well.
In Australia, the CB leading index marked a 0.2% decline for September while the MI leading index saw a 0.1% dip. The quarterly CPI showed a 0.5% gain as expected, in line with the previous period’s 0.5% gain.
AUD/USD is up 0.07% so far at the .8782 area, AUD/JPY is up 0.03% near the 94.00 handle, and AUD/NZD is flat at the 1.1015 levels. EUR/USD is looking at an 0.11% gain so far and GBP/USD is up 0.03% at 1.6112.
Coming up, the forex calendar shows that we have the BOE meeting minutes up for release at 9:30 am GMT. Recall that the Governor Carney and his men sounded less optimistic than usual in their latest rate statement, as policymakers expressed concerns about a looming euro zone recession. The minutes of their policy meeting should shed more light on whether or not majority of the committee haven’t warmed up to the idea of hiking rates next year.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis. Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!