TALKING POINTS – US DOLLAR, YEN, FED, DURABLE GOODS, FACTORY ORDERS
US sturdy items, manufacturing unit orders knowledge might form Fed coverage outlook
Outcomes topping analysts’ expectations might drive US Greenback positive aspects
Yen might rise on fears upbeat knowledge may minimize quick Fed’s dovish pivot
A lackluster providing on the European financial knowledge docket is more likely to put US sturdy items and manufacturing unit orders statistics within the highlight. Whereas these figures are considerably dated having been delayed by the US authorities shutdown, they might be market-moving all the identical as buyers attempt to rebuild sturdy fashions of the enterprise cycle on the earth’s largest economic system.
Each metrics are anticipated to point out enchancment in November relative to the prior month. US news-flow has steadily improved relative to baseline forecasts in current weeks, hinting that analysts’ baseline world view is extra pessimistic than actuality has validated. That opens the door for as we speak’s releases to ship outcomes which might be even rosier than projected.
If Friday’s response to outperforming US financial knowledge is telling, sturdy outcomes on as we speak’s releases have scope to buoy the US Greenback because the priced-in outlook for the 2019 financial coverage trajectory adjusts to a much less dovish setting. That prospect has additionally proved to be damaging for sentiment nevertheless, so the anti-risk Japanese Yen might be a part of the Dollar on the upside whereas pro-risk commodity currencies decline.
What are we buying and selling? See the DailyFX workforce’shigh commerce concepts for 2019 and discover out!
ASIA PACIFIC TRADING SESSION
EUROPEAN TRADING SESSION
** All instances listed in GMT. See the full financial calendar right here.
FX TRADING RESOURCES
— Written by Ilya Spivak, Forex Strategist for DailyFX.com
To contact Ilya, use the feedback part beneath or @IlyaSpivak on Twitter