RBA defends bond yield target for the first time in eight months
In an unscheduled move on Friday, the Reserve Bank of Australia (RBA) intervened in the
USD/RUB: Scope for a rebound towards the 71.50 June low – SocGen
USD/RUB has reached potential support at 70.60/70.40. Economists at Société Générale expect the pair to bounce
EUR/NOK: The risk is to the upside over next couple of months – Nordea
EUR/NOK is now trading around 9.70 after reaching a record low at 9.65 for the
USD/KRW set to recover towards the recent high of 1200/10 – SocGen
USD/KRW has retracted towards first support of daily Ichimoku cloud near 1165. However, economists at
UK Retail Sales unexpectedly drop by 0.2% MoM in September vs. 0.5% expected
The UK Retail Sales came in at -0.2% MoM in September, a big miss. Core
German Preliminary Manufacturing PMI improves to 58.2 in October vs. 56.5 expected
German Manufacturing PMI arrives at 58.2 in October vs. 56.5 expected. Services PMI in Germany
Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October
Eurozone Manufacturing PMI arrives at 58.5 in October vs. 57.0 expected. Bloc’s Services PMI drops
UK Preliminary Services PMI unexpectedly jumps to 58.0 in October vs. 54.5 expected
UK Manufacturing PMI beats estimates with 57.7 in October. Services PMI in the UK surprises
BOE rate hike on November 4 is no longer fully priced – Reuters
Amidst an unexpected dip in the UK inflation and retail volumes for September, markets are
USD/JPY to suffer a retracement towards support at 113.30 – SocGen
USD/JPY has experienced an accelerated uptrend after breaking above the 2020 peak of 112.23. Economists