Daily Alert: Wednesday 25th October 2017

Mark Nugent Daily Alert, Oct 2017

Forex Analysis for Wednesday 25th October 2017

Very quiet yesterday with no Tier I data on the economic calendar.

Spanish Senate summoned the Catalan President for 0900BST this Friday.

The ECB are divided over the wisdom of declaring an end to QE with hawks admitting that the door cannot be locked when it comes to QE but it must be clear that the door is nowhere near as open as it once was. (FT)

On the markets, the USD rose, equities were mixed with the Dow30 closing at a new all-time high. Gold grinds down and US 10 Year yield rises. The JPY weakens very slightly with its current range. I’m saying the risk tone is neutral/on.

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