News of the day. Friday 30.10.2015

October 30, 2015

The most important publication on Friday is going to be data on the Consumer Price Index for October from the eurozone at 12 pm (all times stated in GMT +2). The figure is expected to grow from -0.1% to 0% against the previous year, which, however, will give little support to the Euro. Inflation in the eurozone remains near its negative numbers, while the QE program has little positive effect on the economy yet. Data on Personal Income and Personal Spending for September is due at 2:30 pm in the US. Both figures are expected to decline, from 0.3% to 0.2% and from 0.4% to 0.2% accordingly that might pressure the USD. Chicago Purchasing Managers’ Index for October is due at 4:45 pm. According to forecasts, the index will grow from 48.7 to 49 points, which is still a negative sign as positive sentiment in business activity indicates only a figure above 50 points. On Saturday night at 4 am, attention needs to be paid to the NBS Manufacturing PMI from China. The index is expected to grow from 49.8 to 50 points that could affect movements in currencies at the opening of the next trading session. 

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