News of the day. Tuesday 20.10.2015

October 20, 2015

On Tuesday, it is worth noting the following macroeconomic statistics. Trade Balance, Exports and Imports indicators for September are due at 9:00 a.m. (GMT+3) in Switzerland. Trade Balance is expected to remain in surplus but decline from the previous value and reach 2.510 billion Swiss francs.

American Housing Market is one of the key sectors of the US economy and its statistics is due at 15:30. According to the forecasts, Building Permits are to remain at the previous level of 1.17 million, while Housing Starts are to grow from 1.126 million to 1.150 million that, in general, will support the American currency.

Moreover, ahead of the FOMC October meeting, attention needs to be paid to FOMC Member Powell Speech, due at 4:15 p.m. during the Conference: The Evolving Structure of the U.S. Treasury Market, and Fed's Yellen Speech, due at 6:00 p.m. in Washington.

On Wednesday night, at 02:50 a.m., Japan releases Exports, Imports and Trade Balance statistics. It is the first time since last March when the country is expected to post a trade surplus of 84.4 billion yen that will support the national currency.

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