October 20, 2016: The CHF is the strongest. The AUD is the weakest.
As the North America traders enter for the trading day, the CHF is the strongest. While the AUD is the weakest. The AUD fell on weaker than expected employment numbers. In Switzerland, they had a stronger than expected trade balance. In the UK retail sales were weaker than expected. The ECB kept rates unchanged. Draghi up next at 8:30 AM with his press conference. The US initial jobless claims (251K), the Philly Fed index est 5.2 vs 12.8 (along with comments from Fed's Dudley) are all due at 8:30 AM ET/1230 GMT. Existing home sales (5.36M) and Leading indes (+0.2% est) will be released at 10 AM ET
The activity in most of the major currency pairs are well below their 22-day average ranges (with the exception of the AUDUSD).
In other markets.
- European stock markets a little changed (Dax up 0.11%, Cac up +0.08%, Ftse -0.10%)
- European bond yields are little changed
- US pre-market stock futures are also little changed. The S&P futures are up ).25 points while the NASDAQ futures are up 2 points
- Crude oil futures are trading down -1.4%
- Spot gold is up +0.15%
