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    Daily Report – Friday 26th October

    THE DAILY REPORT
    THE DAILY REPORT
     

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    RISK EVENTS (Medium)

    Friday the 26th of October

    USD GDP
    EUR ECB President Draghi Speaks

    Major Bloomberg & Reuters News

    Bloomberg News:
    ‘Stocks Roar Back, Erasing most of yesterday’s Loss’
    U.S. stocks surged back into positive territory, with the Nasdaq Composite index registering its biggest increase since March, a day after a broad-based rout sent equities negative for the year. Yields on Treasuries rose, and the dollar strengthened to the highest level this year.

    The S&P 500 index finished higher for the first time in seven days, propelled by strong earnings results from Twitter, Microsoft and Tesla. The DOW surged 400 points, after tumbling 600 points Wednesday. The optimism may turn out to be short lived, with shares of Amazon and Alphabet falling after the tech bellwethers reported disappointing results following the close of regular trading.

    Reuters News:
    ‘Draghi’s determined tightening sends euro to two-month low’

     The euro fell to a two-month low on Thursday after ECB President Draghi said the bank would pursue its tightening policy despite fears about the monetary union’s economic and political future. The ECB reaffirmed that its 2.6 trillion-euro ($2.67 trillion) asset purchase program will end this year and that interest rates could rise after next summer. The policy guidance has been consistent since June, even though the economic outlook has darkened while political turmoil in Italy looms over the currency bloc.

    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: October 25, 2018 | 11:21 PM