- Australian import prices down by 0.8% in Q3
- Nikkei up 0.67% for the day
- German and Spanish preliminary CPI figures due
Looks like today’s Asian trading session was the FOMC after-party for the dollar bulls! The Greenback continued to advance against its forex counterparts in the past few hours, as traders caught up to the relatively hawkish Fed statement.
EUR/USD is down 0.23% near the 1.2600 major psychological handle while GBP/USD is down 0.15% at 1.5985. USD/JPY is looking at a 0.19% gain just past the 109.00 mark and USD/CHF is up 0.25%.
In Australia, the HIA new home sales report printed a flat reading for September. Quarterly import prices marked a 0.8% decline instead of posting the estimated 0.3% uptick. AUD/USD is currently down 0.30% and AUD/JPY is down 0.10%.
The forex calendar shows that there are a bunch of medium-tier releases lined up from the euro zone in today’s London trading session. Germany and Spain are set to print their preliminary CPI readings and possibly reflect weak price pressures, which might remind traders that deflation is still likely in the region. Also due are German unemployment change report and the Spanish flash GDP reading for Q3.
Switzerland is scheduled to report its UBS consumption indicator and KOF economic barometer and small improvements are eyed. In the U.K., the Nationwide HPI is up for release and it might indicate a 0.4% rebound in house prices.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
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