Yesterday’s AUD employment data was quiety positive as large full-time employees added with lower than expected unemployment rate.
The GBP retail sales was a large surprise in London session, but it did not help the GBP strength too much.
Then the Final CPI y/y from EUR was also a positive number than expected.
Finally the USD datas in NY session were mixed, with positive CPI but negative Core CPI, positive building permits and housing starts, unemployment claims but negative Philly Fed Manufacturing index.
Sentimentally, the equity markets were once again all green, however, WTI ended with another down day although it tried to reach higher but failed.
Biggest headline today is the Fed Yellen testified before congress, and of course when asked about Dec interest rate, she signalled that Fed could raise interest rates relatively soon. This of course, confirmed with the already strong fundamental datas, have given USD another strength.
OPEC continued to be hopeful for their Nov end meeting and as mentioned, we had brief surge today in WTI but market is still not confident enough, neither am I.
Yesterday’s AUD employment data was quiety positive as large full-time employees added with lower than expected unemployment rate.
The GBP retail sales was a large surprise in London session, but it did not help the GBP strength too much.
Then the Final CPI y/y from EUR was also a positive number than expected.
Finally the USD datas in NY session were mixed, with positive CPI but negative Core CPI, positive building permits and housing starts, unemployment claims but negative Philly Fed Manufacturing index.
Sentimentally, the equity markets were once again all green, however, WTI ended with another down day although it tried to reach higher but failed.
Biggest headline today is the Fed Yellen testified before congress, and of course when asked about Dec interest rate, she signalled that Fed could raise interest rates relatively soon. This of course, confirmed with the already strong fundamental datas, have given USD another strength.
OPEC continued to be hopeful for their Nov end meeting and as mentioned, we had brief surge today in WTI but market is still not confident enough, neither am I.