Analysts at Rabobank point out that amongst key economic releases for the day, we have today already seen Japanese PPI, which was 0.2% m-o-m and 2.8% y-o-y as expected.
“Aussie home loans were better than expected at 1.1% m-o-m and 0.7% for owner occupiers: no impact from the Royal Commission yet, or a mad scramble to get a loan now while one still can?”
“Later on we hear from the ECB’s Mersch, and see US PPI data, seen at 0.2% m-o-m and 3.1% final demand y-o-y, as well as wholesale inventories.”
“There’s also the Bank of Canada, which as we noted yesterday is likely to provide a “dovish hike”.”
“Nonetheless, it’s the nexus between Trade War and real war that should be on the market’s mind today – as well as “Let’s just buy our own stock and get rich quick.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.