All awaits US Electorate decision

Daily Update

Yesterday's markets

• Bank of Japan Monetary Policy Meeting Minutes

• CHF Consumer Price Index 

• US Labor Market Conditions

Yesterday Explained

Bank of Japan reviewed Monetary Meeting which forecasted economic developments inside and outside of Japan which indicated signs of New Fiscal Policy in Japan. Swiss released its Consumer Price Index which remained unchanged.

By Evening US Labor department released its labor market conditions index. USD has been spiking after Clintons allegations cleared by FBI and no criminal charges will be imposed on Clinton.

Euro has nearly loss around 100pips from its Friday’s closing rates regardless of the positive Sentix investors’ confidence

The reason GBP is losing ground is after Theresa may from UK has released statements that judges and lawmakers won't be part of any more decisions based on BREXIT. Full freedom has been granted to the parliament. BREXIT is inevitable but it all comes down to whether it’s going to be a hard Brexit or a soft Brexit over the following weeks

Globally all equities, commodities and foreign currencies are linked to US Electorate decisions which is to be followed today.

Today's Market

• US Election 

• CHF Unemployment Rate 

• GBP Inflation Report Hearings & NIESR GDP Estimate (National Institute of Economic and Social Research)

Today's Focus

The Most Anticipated event is the US Elections since the next State Head in office will determine the financial stability of the economy and future international trade sentiments among all countries. Swiss will release its Unemployment Rate which is the number of unemployed workers divided by the civilian labor force. Significantly if this rate is higher it indicates a lack of expansion within the Swiss Labor Market and Vice Versa. GBP will release its NIESR GDP which is an estimate of growth over the last 3 months.