Key events ahead, Fed chat, ADP – Rabobank

By FXStreet FXStreet (Guatemala) – Analysts at Rabobank noted the key data up and coming in the US shift, and noted the recent key Aussie data in Asia.

Key Quotes:

“This morning has seen Aussie trade and retail sales data for September, the former better than expected (-AUD2.3.bn), the latter in line (0.4%). Nothing for the RBA to get excited about there after their inaction yesterday, and AUD remains perky around the 0.72 level.”

“Other than that we have the Fed’s Brainard and Yellen talking on financial stability and bank regulation, a subject close to their hearts in that they are responsible for it, and yet – ironically and seemingly unknowingly – are also always undermining it by encouraging constant credit expansion.”

“Other US data to look at include ADP employment (seen 180K) and the trade balance (seen much narrower m-o-m at –USD41.0bn). The Fed’s Dudley also speaks on income variance, in which he will no doubt underline that there is very little in evidence, or that what there is in evidence has nothing at all to do with Fed policy. (Which, as his colleagues will have already stated, has picked the US economy up to the extent that they can now try to knock it …read more

Source:: FX Street