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    Daily Report – Thursday 8th November

    THE DAILY REPORT
    THE DAILY REPORT
     

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    RISK EVENTS (AEDT)

    USD                         Donald Trump New Conference (Speech)
    All Election Talks
    NZD                         Monetary Policy Statement

    RBNZ                      Interest Rate Decision, Rate Statement, Press Conference (Speech)

           

    Major Bloomberg & Reuters News

    Bloomberg

    ‘U.S. Midterm Voters Sent China a Surprising Trade-War Message’

    The trade war of 2018 was, in theory, supposed to hurt Republicans in states vulnerable to higher tariffs and Chinese retaliation. The results from Tuesday’s midterm elections suggest that didn’t really happen.

    President Donald Trump’s tariffs were a hot topic in farming regions and the Rust Belt -- places with a lot to lose in the dispute with China, which countered with duties on iconic American exports from soybeans to lobsters. Yet several candidates who opposed Trump’s tariffs were defeated, while some who backed the duties won their races.

    The outcome gives the U.S. president little incentive to soften his hawkish trade strategy. A potential turning point is coming at the end of this month, when the president is expected to meet Chinese President Xi Jinping at the Group of 20 summit in Argentina.

    Reuters

    ‘Wall Street rallies on U.S. elections; tech, health stocks lead’

    Wall Street rose 2 percent on Wednesday, led by the technology and healthcare sectors as investors breathed a sigh of relief following the U.S. midterm elections and made bets that a divided Congress would be good news for equities.

    Democrats won control of the House of Representatives on Tuesday, while President Donald Trump’s Republican party expanded its Senate majority, pointing to the likelihood of political gridlock in Washington.

    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: August 08, 2018 | 12:12 AM