OctaFX | OctaFX Forex Broker
Open trading account

BoC and US ADP employment amongst market movers today – Danske Bank

The ECB's Yves Mersch is due to speak in Frankfurt (11:30 CET) on the theme 'Challenges for Monetary Policy in 2018', and will be the last ECB speaker before the silent period ahead of the December meeting, points out the research team at Danske Bank.

Key Quotes

“This afternoon, the US ADP employment report for November is due. It is not a good predictor of the monthly non-farm payrolls but nevertheless tends to get some attention as a warm-up for Friday's payrolls. The October ADP employment increase was quite robust at +235k.”

“The Bank of Canada is due to announce its rate decision at 16:00 CET. We and consensus expect rates to be unchanged at 1.0%. The Bank of Canada raised rates in July and September by 25bp at each meeting.” 

AUD/USD consolidates poor Aus GDP-led losses sub-0.7600

Having hit a three-day low of 0.7572 on disappointing Australian third quarter GDP release in early Asia, the AUD/USD  pair is seen consolidating the
Read more Previous

EUR/USD consolidative below 1.1976 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair continues to consolidate below 1.1976. Key Quotes “EUR/USD remains
Read more Next
Start livechat