Market updates on October 16
The escalation of the US-China trade dispute and the Brexit uncertainties keep affecting the market. Read more!
Jobs data for Australia may support the AUD
Australia will release the level of employment change and unemployment rate on August 15, at 4:30 MT time.
The level of employment change shows the number of people employed during the previous month. The unemployment change, in its turn, is the percentage of the unemployed workforce. Last time the indicator of employment change rose only by 0.5K people (vs. the forecast of 9.1K). The unemployment change came out in line with the forecast at 5.2%. The Australian dollar ignored the negative figures of employment change and got higher. Let's see how the release will affect the currency this time.
• If employment change is higher and the unemployment rate is lower than the forecasts, the AUD will rise;
• If employment change is lower and the unemployment rate is higher than the forecasts, the AUD will fall.
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Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
Will the indicators bring chance to the USD bulls?
The United States will publish the indicators of retail sales and core retail sales on October 16, at 15:30 MT time.
Latest news
Market updates on October 16
The escalation of the US-China trade dispute and the Brexit uncertainties keep affecting the market. Read more!
Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
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