Market Drivers October 18, 2018
Aussie labor data beats
UK Retail Sales miss
Nikkei -0.80% Dax 0.24%
Oil $69/bbl
Gold $1222/oz.
Bitcoin $6700
Europe and Asia:
AUD Uemployment rate 5.0% vs. 5.3%
GBP UK Retail Sales -0.8% vs. -0.4%
AUD Uemployment rate 5.0% vs. 5.3%
GBP UK Retail Sales -0.8% vs. -0.4%
North America:
USD Weekly Jobless 8:30
USD Philly Fed 8:30
USD Weekly Jobless 8:30
USD Philly Fed 8:30
The majors were better bid in Asia and early European trade with EURUSD climbing back above 1.1500 while USDJPY stalled at the 112.60 level.
Cable continued to hug the 1.3100 mark as the wrangling in Brussels persisted. PM May suggested that the transition period to Brexit could be extended by a few months in order to negotiate a deal, but so far parties appear far apart on key issues of Irish border and customs union. Read More....
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