7 Nov: Trend table outlook for FX, Commodities, Indices

By | November 7, 2018

It all looks rather neutral right now as we await the results of the US elections although the Jpy does seem to be under some pressure against t both the US$ and on the crosses.

The Aud and Kiwi both look a little heavy but are going nowhere fast, while Cable remain bid after some volatile trade, on growing hopes of a Brexit deal breakthrough.

The commodities all look a little heavy as well but again, they will wait on the election results before making any real move.

There are no trade recommendations today as we will join the crowd and wait for the election outcome.

Economic data highlights will include:                                                                                                  

Tue: US Mid-Term Elections, UK BRC Retail Sales, Japan Services PMI, RBNZ Inflation Expectations, RBA Interest Rate Decision/Statement, German Factory Orders, EU Services/Composite PMIs, JOLTS, Global Dairy Trade Index, API weekly Crude Oil Stock Inventory