Daily Alert: Thursday 26th October 2017

Mark NugentDaily Alert, Oct 2017

Forex Analysis for Thursday 26th October 2017

The USD weakened yesterday. US equities were down significantly intraday due to poor results from telecoms and industrials amid a slump in AT&T and Boeing shares post-earnings. Some of this drop reversed before the close.

Other global equity indices also slumped. Gold rose slightly on the weak USD. The US 10 Year yield was up and the JPY was moderately strong. On balance I have to call that as risk off.

The EUR rises and closes above short-term highs. The GBP is boosted by the good GDP number and the AUD drops on the poor CPI number. NZD grinds down on political concerns.

The big news today will be the ECB rate decision and commentary.

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