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
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