There was not much important data to pay attention to on November 6. However, some events are worth paying attention:
Household spendings decreased in Japan on September 2018 as compared to the same month in 2017. Japan has difficulties to recover from natural disasters. Experts expected better results.
The representative of Chinese Central bank declared on Tuesday that the internationalization of Yuan is a natural process, which results from market interest and reflects demand from both investments and world commerce.
A positive news is that Chinese government is working on an agreement with US and is ready to solve trading disputes with the United States. Chinese administration is sure that this conflict may hurt both great economies.
Australian Reserve Bank has got a meeting on Tuesday. Interest Rates remained unchanged. The RBA head thinks that the progress in fighting unemployment and stimulating inflation will be gradual.
There was almost nothing to pay attention to in Europe. Spanish services PMI indicated on a faster growth than it was expected previously. The current figure is 54 against 52,5 for the previous period.
Goldman Sachs has commented situation with Italy and Eurozone. Their experts are sure that Italian government won’t refuse its budget plan. EU Comissioners has refused Italian budget plan previously.
Experts from Nordea Market commented Congressional elections. They think that uncertainty of the results will negatively influence US economic and may push EUR/USD below 1,1300.
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