RBA increases rates!

Last night we saw the US October ISM manufacturing improve to 56.9 from 54.4 and the US September construction spending rose as well to 0.5%.

Concerns on the Irish front has investors worried and the UK manufacturing PMI was slightly better overnight which helped push the EURGBP lower.

Aussie awaits the RBA decision today, which is expected to remain the same. Ok Shocking!! RBA increased the rates by 25bps! In a span of 5 minutes AUD/USD rose 100 points!! Almost there to parity, keep a watch on this pair!

Data Today:

Reserve Bank of Australia cash target – 3.30 am GMT

German PMI Manufacturing – 9am GMT

Eurozone PMI Manufacturing – 9am GMT

UK PMI construction – 9.30am GMT

US mid term election