EUR/USD
The euro traded higher against the dollar yesterday following the release of negative US economic data. The figures released from the US side diminished confidence in the future of the world's largest economy, and reduced the demand for the US dollar. The Trade Balance issued yesterday for the month of August, showed an expansion in the trade deficit gap worth 48.33 billion dollars.
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GBP/USD
The pound rose against the US dollar in spite of the declining British data released as Halifax index of house prices and the Shop Price Index fell in September but the widening deficit in the US trade balance support the pound against the US dollar.
| British Economic Data | ||||
| Time GMT | Event | Vol | Previous | Forecast |
| 08:30 | Industrial Production (Aug) |  | 0.3% | -0.5% |
| 08:30 | Manufacturing Production (Aug) | | 0.3% | -0.8% |
| 08:30 | Industrial Production (Yearly) | | 1.2% | 0.8% |
| 08:30 | Manufacturing Production (Yearly) | | -0.1% | -0.5% |
| 14:00 | GDP Estimate (Sep) |  | 0.5% | |
USD/JPY
The US dollar fell against the Japanese yen after the rise in the JPY Foreign Reserves Index in Japan and the negative data released from the US side, thus eliminating any possibility of a US interest rate hike in the near future.
| Japanese Economic Data | ||||
| Time GMT | Event | Vol | Previous | Forecast |
| 23:50 | Current Account (Aug) |  | 1.221B | 1.808B |
| 23:50 | Machinery Orders(Aug) | | 2.4% | 2.8% |
| 23:50 | Trade Balance – BOP Basis (Aug) | | 108B | |
AUD/USD
The Australian dollar traded higher against the US dollar, after the Australian interest rate was kept unchanged at 2.00% for the fifth meeting.
| Australian Economic Data | ||||
| Time GMT | Event | Vol | Forecast | Previous |
| No Economic Data | ||||
GOLD
Gold prices rose after the United States announced yesterday the trade balance data during the month of August show the expansion of the trade deficit gap worth 48.33 billion dollars.
OIL
Crude oil prices rose and recorded its highest level in two months. This rise was supported by a weak US dollar and expectations of a decline in US stockpiles of crude oil.
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