Forex Consulting

UK Nationwide Oct HPI mm 0.2% vs 0.2% exp

UK Nationwide Oct HPI data now out 1 Nov – yy NSA 2.5% vs 2.2% exp vs2.0% prev Slightly better beat to yy reading but way off its peak. GBPUSD 1.3280 having failed to breach 1.3300 in its latest rally. EURGBP 0.8761 on the back foot still but just off session lows as cable retreats.…

Forex Consulting

Nikkei 225 closes up +1.86% at 22,420.08

Positive tones for Japanese equities  1 Nov – high 22455.92 – low  22130.03 – Topix up +1.17% at 1786.71 – USDJPY 113.78 having just broken down through 113.80  Expect offers/res 114.00 and demand now into 113.60 Copyright 2015 Forexlive.com

Forex Consulting

Japanese Lower House re-elects Abe as PM

PM Abe given the nod as widely expected after recent election victory 1 Nov The decision comes ahead of the imminent visit by US President Trump USDJPY currently 113.83 with a line in the sand seemingly forming at 113.80 in Asia. More support behind at that 113.60. Offers/res around 114.00 Copyright 2015 Forexlive.com

Forex Consulting

Australia Oct commodity index SDR yy 9.1% vs 19.4% prev

Australia Oct commodity index data now out 1 Nov – prev revised up from 18.3% – commodity index AUD 120.9 vs 121.9 prev revised up from 120.8 Commodity Prices measures the change in the selling price of exported commodities. The commodity sector accounts for over half of Australia’s export income. Copyright 2015 Forexlive.com