Today is another light economic datas day.
We had French CPI which came out in line with the expectation and previous, a better industrial production m/m from Europe, and then MPC member and FOMC members both had comments, but the most important release had to be the FOMC minute, which was treated as hawkish and now the rate hike in November is very possible.
Sentimentally, equity markets were mixed today with European stock indicies went down and few U.S stock indices went up.
WTI closed today with red at around $50, but looks like it would break down.
Today is a risk off sentiment day.
News from AUD that the Government new issue of long-term bond was very popular and that is a good sentiment for the country, the bond is set to mature at 2047.
On the other hand, NZD had no significant news but still pressured by its rate cut possibility in next meeting. No significant news in CAD.
Europe is still overshadowed by the Brexit and that is the real headlines for all these time; nothing significant but lots of comments and guessing game from now on.
There are no real market drivers up to this point in our fundamental and sentimental analysis, and we think the market is generally follow the price action at this period of time.
Let’s take a look at our charts.