Daily update
CHF Unemployment Rate Yesterday was a very light day in terms of reports. We were greeted with the Unemployment Rate reports from Switzerland that was better than expected achieving 3.3% from the expected rate of 3.4%. By Morning, few reports from Germany were released. Import, Export and Trade Balance reports did come out positive but it did not change investor’s confidence in the USD even after having a disappointing Friday US sessions where the Non-Farm Payroll reports came out negative as they believe that even with negative number for the US, the Fed will still proceed with a rate hike this December. It did not help the EURO that the oil prices per barrel had risen to 53$ per barrel as Russian President Vladimir Putin said the country is ready to join the recent deal between OPEC and non-OPEC countries to limit the crude oil supply. All these reports as a whole stimulated the Euros to Decline in Rate for the day. AUD Investment Lending for Homes AUD Home Loans The day kicked off with few reports coming in from Australia. Investment Lending for homes was released which was negative where it was 0.1% from 0.5% that was expected. Next, we have the Home Loans coming out for Australia which also was negative causing the currency to decline even below yesterday’s opening rates for the currency. Later on in the day we would have the ZEW Survey – Economic Sentiment coming out for Europe which is expected to hit 6.3 from last months 5.4. Finally, we have the Labor Market Conditions Index coming out from US.Yesterday’s markets
Yesterday explained
Today’s Market
Today’s focus
