Global macro overview for 27/10/2015:
The US Durable Goods Orders data is due to be released today at 12:30 pm GMT. The markets expects a slight improvement from last month number of -2.0% to -1.1% this month. It is unlikely that even worse-than-expected data might influence markets heavily ahead of tomorrow’s FOMC meeting and rate decision, nevertheless they are a good indicator of current activity and growth expectations. Keeping in mind that the Fed policymakers are data depended group, the news will be closely watched by market participants.
The US dollar index rebounded last week above the 50,100 and 200 DMA. Currently, it is trading just above the technical support at the level of 96.71. The next resistance is seen at the level of 98.35.
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