Westpac’s weekly market update highlights the key market drivers at the moment, namely the US-China trade developments and Brexit. The report prepared by Sean Callow highlights various catalysts to help foresee near-term market moves. Key quotes “The US and China are still talking about a trade deal, which is a positive outcome.” “The next key date appears to be the APEC summit in Chile mid- November.” “The positive tone from both China and the US on trade relations should continue to support risk appetite.” “There may be more lasting support for the Aussie from a change in market expectations for RBA monetary policy.” “Pricing for a November cash rate cut was around 45% mid-week but was trimmed to a modest 25% after the unemployment data.” “Johnson’s government has suffered several big defeats in parliamentary votes in recent months, so his luck will need to change on Saturday.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Probing 100-day average, focus on Brexit FX Street 3 years Westpac's weekly market update highlights the key market drivers at the moment, namely the US-China trade developments and Brexit. The report prepared by Sean Callow highlights various catalysts to help foresee near-term market moves. Key quotes "The US and China are still talking about a trade deal, which is a positive outcome." "The next key date appears to be the APEC summit in Chile mid- November." "The positive tone from both China and the US on trade relations should continue to support risk appetite." "There may be more lasting support for the Aussie from a change in market expectations for… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
