Daily Alert: Thursday 27th October 2016

Mark Nugent Daily Alert, Oct 2016

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Forex Analysis for Thursday 27th October 2016
Economic Calendar

Wednesday was a very slack news day with no major economic data revealed and few pronouncements by significant players. However, Zerohedge did report a few items of interest:

BoJ Governor Kuroda commented that the yield curve is moving in line with what was desired at prior policy meeting.

IBD/TIPP poll showed Clinton ahead at 41.8% vs. 41.2% for Trump. Fox News national poll showed Clinton ahead at 44% vs. 41% for Trump.

Market Reaction

Yesterday was a quiet day and there is little to report. Oil dipped below USD50/barrel. On the currency markets, the USD stays at 7-month highs. The JPY exits, just, the consolidation triangle as it weakens. The GBP has an up day. We may be seeing the beginnings of a consolidation zone in AUD.

Media

UK GDP out today

China GDP not fake Xinhua says after unusually steady growth rates

Today

Today we have the first real measure of the UK economy post referendum: Preliminary GDP q/q.

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