Market focus

On Wednesday, 24.10.2018, the day is full of statistics on business activity in the eurozone. It will be the main driver for the euro in the first half of the day. Closer to the American trading session, market attention will shift to data on business activity and new home sales in the United States. Expectations for the US statistics remain ambiguous, but against the background of negative sentiment, most likely, will be regarded as reserved negative.

The main event of the day will be the publication of the Bank of Canada protocol, which is expected to raise interest rates by 25 b. p. In turn, this rate increase is already taken into account in the value of the Canadian dollar. The market will be waiting for signals to further raise rates in Canada and forecasts, that may worsen in light of the latest  Canadian statistics .

Hanzenko Anton