The US retail sales are out!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
In September Asian factories step up output ahead of year-end spending spree
In September, factories in Asia's largest economies increased their activity because a synchronized upswing in surge worldwide pointed to firm consumption of manufactured goods heading into the productive end-of-year shopping season.
However, minor weakness in regional economies will probably make Asian key financial institutions pursue more accommodative monetary policy, notwithstanding their Western rivals are currently scaling back stimulus.
On Saturday, China's major bank cut the amount of cash, which some financial institutions require holding as reserves for the first time since February last year for the purpose of encouraging more lending to struggling smaller businesses and energizing its lackluster private sector.
The world's number two economy has defied hopes for a slowdown in 2017, leaping at a strong clip in the first half due to a construction jump.
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Stock surged, but halt of vaccine trials may kill investor's mood
Stock significantly surged: S&P 500 and Nasdaq reached 6-week highs. The market sentiment may deteriorate today as Johnson & Johnson’s Covid-19 vaccine trails have been stopped because of the unexplained illness.
How will the jobs data affect the AUD?
The Australian jobs data is announced on Thursday at 03:30 MT time.
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The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
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