The AUD Monetary policy meeting minutes last night was positive, signalling that there is no further easing at the moment and that the commodity price has picked up well to support the economy, however, still cautious that higher AUD exchange rate could jeopardize thing.
We started the London session with German Prelim GDP q/q and was slightly negative than expected and previous; not a very good news for already bearish EUR.
French Final CPI m/m came in as expected.
Then our risk event GBP CPI y/y and m/m came out as negative surprises, however, the PPI datas came out as positive surprises.
Then Flash GDP q/q from EUR was in line with expectation and previous, and finally another positive datas from USD of core retail sales and retail sales.
The GDT price was 4.5% today.
Sentimentally, we had a large green day for WTI and equity markets were all up again to give us another risk on sentiment tone.
A memo was leaked from Britain stating that there was no Brexit plan; this added on further negativity to the political unstableness.
Market has placed another bet on OPEC meeting as members have agreed to meet prior to the Nov 30th meeting to discuss further details. This is a positive news.
The AUD Monetary policy meeting minutes last night was positive, signalling that there is no further easing at the moment and that the commodity price has picked up well to support the economy, however, still cautious that higher AUD exchange rate could jeopardize thing.
We started the London session with German Prelim GDP q/q and was slightly negative than expected and previous; not a very good news for already bearish EUR.
French Final CPI m/m came in as expected.
Then our risk event GBP CPI y/y and m/m came out as negative surprises, however, the PPI datas came out as positive surprises.
Then Flash GDP q/q from EUR was in line with expectation and previous, and finally another positive datas from USD of core retail sales and retail sales.
The GDT price was 4.5% today.
Sentimentally, we had a large green day for WTI and equity markets were all up again to give us another risk on sentiment tone.
A memo was leaked from Britain stating that there was no Brexit plan; this added on further negativity to the political unstableness.
Market has placed another bet on OPEC meeting as members have agreed to meet prior to the Nov 30th meeting to discuss further details. This is a positive news.