Yesterday I celebrated the Halloween and the last day of October. As usual, Monday was a quiet day with few important datas; the interest rate from RBA and BOJ.
Both datas came out as expected but it did caused some volatility especially for AUD as market had some low antiquation for rate cut, and did not happened, so a revering strength into AUD.
Furthermore, the Chinese datas prior to that were also positive, and that added on strength for AUD.
The RBA statement was also neutral and not particular dovish as NZD, so overall was a very good sentiment for AUD.
However, Monday had a negative sentiment due to FBI warrants on Hilary Clinton, which shadowed the positive sentiment for USD and the world, and that had hedged out the supposed strength of AUD.
Coming to Tuesday today, the GBP manufacturing PMI was slightly below expectation but not a negative deviation.
GDP m/m from CAD was also in line with expectation.
And finally, the ISM manufacturing PMI from USD was slightly better than expectation.
GDT index from NZD was very positive today and the employment datas were also positive, it definitely gave NZD a good boost.
Sentimentally, we had a huge drop from WTI since Monday and now closed at $46 per barrel. This was caused by another failed attempt to reach agreement from OPEC, then today API report was a built up which caused another down tick.
Equity markets were all red as the risk sentiment is still off due to the election turmoil in U.S.
For AUD as mentioned, the RBA statement had no further hint for easing and thus gave AUD a good positive sentiment.
BOE Carney has announced the continuation as chairman for Bank of England until 2019, and market has treated as positive sentiment because no change can be good change.
BOC Poloz stated that the committee seriously considered the possibility of raising inflation forecast, adding the unconventional measures provide the bank more room to manoeuvre than previously thought.