Invest in your preferred assets instantly

ForexCT

Free Mobile App

Get our free app

    Daily Report – Wednesday 10th October

    THE DAILY REPORT

     

    THE DAILY REPORT
    Want messages directly to your mobile on market data and trade setups? Speak to your account manager about getting on our premiere SMS Service!

    Risk Events 

    AUD        Westpac Consumer Confidence – 10.30
    USD          FOMC Member Williams Speech – 12:15 
    GBP          Gross Domestic Product    - 9:30 

    Major Bloomberg & Reuters News

    Bloomberg

    'Monstrous Hurricane Michael menaces Florida’
    Michael caused major disruption to U.S. oil production as it headed north over the Gulf of Mexico. It was expected to strengthen into a Category 3 storm. That would make it the most powerful storm to strike the Panhandle in more than a decade.

    Producers in the U.S. Gulf of Mexico on Tuesday cut oil production by about 40 percent and natural gas output by 28 percent as Michael approached the coast, the Bureau of Safety and Environmental Enforcement said, citing reports from 27 companies. The senior official said the U.S. is closely monitoring the Chinese currency and is concerned about the recent depreciation. The official didn’t provide further elaboration.

    The Gulf produces 17 percent of daily U.S. crude oil output and 5 percent of daily natural gas output, according to the U.S. Energy Information Administration. The partial shutdown ahead of Michael helped push oil prices slightly higher on Tuesday. 73.50 to 74.65

    ‘Trump repeats threat of more tariffs if China retaliates on trade ‘
    President Donald Trump on Tuesday repeated his threat to impose tariffs on $267 billion worth of additional Chinese imports if China retaliates for the recent levies and other measures the United States has taken in the countries’ escalating trade war.

    Trump, speaking to reporters in the Oval Office, also said China is not ready to reach a deal on trade.
    “China wants to make a deal, and I say they’re not ready yet,” Trump said. “I just say they’re not ready yet. And we’ve canceled a couple of meetings because I say they’re not ready to make a deal.”

     

    (Times In AEST)

     

    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 10, 2018 | 12:54 AM