UK, EU agree tentative Brexit deal on financial services: The Times

British Prime Minister Theresa May has struck a tentative deal with the European Union that would give UK financial services companies continued access to European markets after Brexit, the Times reported on Thursday. Read More @ https://www.reuters.com/article/us-britain-eu-financial-services/uk-eu-agree-tentative-brexit-deal-on-financial-services-the-times-idUSKCN1N639Q?il=0

The Federal Reserve proposed on Wednesday loosening rules for 16 financial institutions, an important move forward in the Trump administration’s effort to roll back bank regulation. The Fed’s proposals would affect banks with $100 billion to $700 billion in assets, including U.S. Bancorp, Capital One and American Express. The changes would not apply to the nation’s eight largest banks, like Bank of America and Goldman Sachs, which have significantly more loans and securities on their balance sheets. Read More @ https://www.nytimes.com/2018/10/31/business/dealbook/fed-banking-regulation.html?partner=rss&emc=rss

WHAT IS THE USD SAYING?

USD is not giving up its rally; look like this Friday NFP is expected to be good and we are expecting USD to hit a new high. Will the USD go back 2017 high? This is the question that is in everybody mind; be cautious and don’t underestimate the USD.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES

  1. 5.30pm – UK will release their Manufacturing PMI and is expected to be good.
  2. 8.00pm – Expect volatility when UK releases its Inflation report. Expected to be good; followed by BOE releasing their RATE and ASSET Purchases.
  3. 8.30pm – Volatility expected when BOE Governor Mark Carney Speaks.
  4. 9.30pm – Canada will release their Manufacturing data and is expected to be good.
  5. 9.45 – 10.00pm – US will release their manufacturing data and is expected no change.

Today the markets will quite soft accept for the GBP pairs where there are few major news from 5.30pm onwards. Always put money management as your number 1 priority.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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