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Forex Focus on Brexit Deal

Trading week starts quietly on the data calendar, so traders attention will be for one more day in Brexit developments, as the UK Parliament failed on Saturday to deliver a vote on Brexit deal. EU has not yet responded to PM Johnson’s request for an extension of the October 31st deadline.

European traders await the Germany September PPI figures due at 6:00GMT the German Buba Monthly Report will be out at 7:00GMT. The SNB total sight deposits w.e. 18 October will be released at 8:00GMT.

In our central bank calendar BoE’s Haldane will deliver a speech at 12:00GMT.

During Asian trading session, the Japan All Industry Activity Index (MoM) came in at 0% topping expectations of -0.1% in August. China central bank sets one-year loan prime rate at 4.20%

Asian indices are trading mixed at the start of the week; Nikkei is 0.29% higher at 22,557, Hang Seng is 0.21% higher at 26,778. EURUSD trades 0.14% lower at 1.1154; the USDJPY is 0.10% higher at 108.49 while the AUDUSD is 0.04% higher at 0.6859.

The central bank of China set the Yuan rate (USDCNY) at 7.0680 versus yesterday settlement at 7.0769.