Forex Technical & Market Analysis FXCC Oct 31 2013

[alayoua]

[b]Forex Technical & Market Analysis FXCC Oct 31 2013

China's top four banks post bad loan surge whilst the markets await data prints on Chinese growth on Thursday evening

In the overnight/early morning session the BOJ of Japan conducts their own version of an FOMC meeting. The results may affect the value of yen and the Nikkei. They'll deliver a monetary policy statement, an outlook report and then conduct a press conference. On Thursday German retail sales are expected to rise by 0.5%, Italy's employment rate is expected to climb to 12.4%, EU unemployment is expected to come in at 12%. Canada's GDP for the month is expected in at 0.2%, whilst USA weekly unemployment claims are expected in at 341K, this print is still liable to potentially deliver a surprise given the temporary USA govt. shutdown might still be working its way through the system. Late in the evening two extremely important prints from China are published. The manufacturing PMI and the HSBC final manufacturing PMI. China