There were numerous highlights to fill the weekend Forex summary. Let’s have a quick look at the highlights of the week that made the news in last week.

Officials from Fed stick to the point that the current Forex trading status does not support for tightening the monetary policy in the coming weeks.

Australia was the first nation, out of all the G20 nations, to increase the interest rates, while the ECB decided to stay at the same interest rates and will keep it at low.

ISM non-manufacturing index of US hiked above the 50 points in September for the first in this year, but only 5 out of 18 sectors indicated growth. The US trade deficit dropped out surprisingly in August with the large fall in the imports.

There are positive signs indicating stabilizing job conditions with Canada having job openings hiked up to 31,000 in September.

Whereas the employment revival relics in the premature phases and susceptible to slow down, Canada is moving up with moderately well household market, suggesting that an early nineties style ‘jobless recovery’ is not the same.

Canada’s Forex trade statistics for August highlighting the bouncy traverse facing Canadian exports because it deal with a AUD floating close to equality.

BoC Deputy Governor Jenkins speech restated the negative aspect of risk appetite to continued revival from the hiked AUD, but also pointed that the Bank is examining movements of the home sale prices closely.

These are the highlights of the last week and now the investors are watching for the consequences of the various statements made by the different officials from all over the world over Forex trade in week to come.

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