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The day ahead: US bringing in the goods – Westpac

FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation ABN explained the US calendar and events up ahead.

Key Quotes:

“During the Asian session, we will see early results from the US midterm elections. Analysts are placing a high probability on the Republicans recapturing the Senate and increasing their House majority. This would enhance the divisions between President Obama and Congress into the 2016 presidential election”.

“But markets could respond positively to the prospect of House and Senate agreeing on e.g. new energy projects. Please see our piece “US midterm elections and the markets”.

“The US data calendar is well worth watching: ADP private payrolls for Oct and the Oct non-manufacturing ISM. Consensus on ADP is 220k, 58.0 on the ISM, both healthy numbers”.

USD/JPY sits in consolidation awaiting the US events

USD/JPY is trading at 113.59, down -0.07% on the day, having posted a daily high at 113.69 and low at 113.41.
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