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    Daily Report – Friday 9th November

    THE DAILY REPORT

     

    THE DAILY REPORT
     

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    RISK EVENTS (AEDT)

    EUR - President Draghi's Speech
    USD - Fed's Monetary Policy Statement
    USD - Fed Interest Rate Decision
    AUD - RBA Monetary Policy Statement
    GBP - Gross Domestic Product
           

    Major Bloomberg & Reuters News

    Dollar jumps after strong economy keeps Fed on track for December hike.

    The U.S. dollar strengthened against the euro on Thursday after the Federal Reserve held rates steady as expected, and said strong jobs and spending kept the economy on track, setting up for a rate hike in December.

    Sterling rallies on reports Britain closing in on Brexit deal

    Sterling rose for a third consecutive day on Wednesday, buoyed by reports suggesting Britain is preparing for a Brexit agreement by the end of November.

    Big investors sue 16 banks in U.S. over currency market rigging

    A group of large institutional investors including BlackRock Inc and Allianz SE’s Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.

    ECONOMIC ANNOUNCEMENTS  

    Trading FX and CFDs involves a substantial degree of risk and should only be undertaken with risk capital. Please refer to our website www.forexct.com.au for a copy of our PDS & FSG. Forex Capital Trading Pty Ltd (“ForexCT”) provides general advice that does not take into account your objectives, financial situation or needs. The contents of this newsletter do not take into account the personal circumstances of any individual investor. Investors do not own or have rights to underlying assets. ForexCT is regulated by ASIC (AFSL 306400, ABN 69 119 086 270). ForexCT’s AFS license and Australian regulation only applies to the financial services being offered in Australia only.

    ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any information in this newsletter. Any person acting on the information in this newsletter does so entirely at their own risk. Any analysis, opinion, commentary or research in this newsletter is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell any financial product or instrument.  You should always seek independent financial advice.

    The trade signals above reflect Trading Central's judgement as at the time the information was prepared under the Terms and Conditions set by Trading Central. ForexCT and its related entities do not warrant the accuracy or completeness of the information contained in this newsletter and shall not be responsible or liable for any loss or profit whatsoever which may arise directly or indirectly from any use or reliance upon any trade setup, statement, opinion or omission.

    Posted: November 09, 2018 | 12:11 AM