News of the day. Thursday 08.10.2015

October 8, 2015

Thursday will start with a publication of August data on the Trade Balance from the eurozone engine – Germany, due at 9 am (all times stated in GMT +3). Country’s both Exports and Imports could fall by 1.2% and that would the worst fall in exports since January. At 2 pm bloc of news will come out from the UK. The Bank of England will publish its Interest Rate Decision that is expected to remain at the current 0.5%, and will comment on the future monetary policy direction. The regulator’s Asset Purchase Facility is also expected to stay unchanged at 375 billion Pounds. The Bank of England Minutes are also going to attract markets attention as it could contain some comments on the future economic policy decisions. The ECB Monetary Policy Meeting Accounts are due at 11:30 am. From the American fundamental news, attention needs to be paid to the Fed Minneapolis's Narayana Kocherlakota speech, due at 8 pm and the FOMC Member Williams speech at 10:30 pm. The most important piece of news, however, will be September’s FOMC Minutes that could shed some light on opinions of the committee members regarding interest rate change and possible timing of the decision.

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