Good Morning Traders! This Thursday is a quiet one, where we get the Eurozone Trade Balance and Norwegian Key Policy Rate.
Here is what to be aware of.
Sentiment
A transcript from the Federal Reserve's most recent policy meeting revealed that officials are taking the potential that they might not have to stop reducing their enormous balance sheet when they start decreasing interest rates more seriously.
Australia's unemployment rate unexpectedly increased in July due to the economy's unexpected job losses, pushing the AUD down and suggesting the labour market may be nearing a tipping point.
China's top leaders made the latest in a string of rhetorical attempts to promote economic confidence as markets tank and growth disappoints by pledging to increase domestic consumption and assist the private sector without outlining any fresh stimulus measures.
On worries about the Chinese economy and the potential for more stricter US monetary policy, oil prices fell for a fourth day.
Docket
04:00 AM ET
Norwegian Key Policy Rate
Median Forecast 4% | Prior 3.75% | Range 4.0%/4.0%
05:00 AM ET
Eurozone Trade Balance
Median Forecast 0.004B | Prior -1B
Good Luck Today Traders!
