The US Dollar has moved higher against the Japanese Yen after the Bank of Japan announced on Sunday that it was staying the course with its currency policy of negative interest rates and quantitative easing (money printing). Janet Yellen also confirmed on Sunday that the US Fed was on track to raise the official cash rate again before Xmas surging the US stock Market to new highs. It is currently company earnings season in the US and better than expected earnings are giving traders no need to be fearful and thus the safe haven assets such as the Yen were sold on Tuesday against the US Dollar. The flavour of the day, week and month is the US economy and any pull back on the US Dollar is being viewed by traders as a buying opportunity. The Euro is likely going to remain rudderless until the ECB tells the market on October 26th what it will do with its current stimulus program.

There is so much economic news today that it was not possible to snapshot the 16 medium and high impacting news items set for release. If you click on this link you can see today’s economic data set for release.

About the Author: Andrew Barnett

Andrew is a professional trader and successful investor who has a strong focus on education. He is a regular Sky News Money Channel Guest and one of Australia’s most awarded and respected financial experts, and is regularly contacted by the Australian Media for the latest on what is happening with the Australian Dollar. Director at LTG GoldRock, Andrew Barnett, guides thousands of traders around the world in the live market on a daily basis, advising them on buy and sell directions, as well as trading his own personal account. Andrew, a regular key-note speaker at trading and wealth-creation events throughout the Asia Pacific region, is an authorized representative registered with the Australian Securities and Investment Commission (ASIC).

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The post Today’s Key Market Drivers – 17th October 2017 appeared first on LTG GoldRock.