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BOJ to consider changing inflation forecasts amid government travel campaign - report

Bloomberg reports, citing people familiar with the matter The report says that the BOJ is likely to consider changing its inflation forecasts at its monetary policy meeting next week, to reflect the short-term impact on prices of the government's travel campaign (more on the campaign ).

Eurozone August current account balance €19.9 billion vs €16.6 billion prior

Latest data released by the ECB - 20 October 2020 - Prior €16.6 billion The flows in goods and services still show that activity in the region is still well below what it should be during pre-virus conditions, so that is arguably the key takeaway here despite Q3 figures mostly highlighting a more optimistic recovery.

Europe reportedly looking to reduce travel 'white list' to 9 countries from 11 presently

Canada, Tunisia, and Georgia are to possibly be removed from the list For some context, the other 8 countries on the 'white list' are Australia, New Zealand, Japan, China, South Korea, Thailand, Rwanda, and Uruguay.

Cable continues choppy journey for the past week, what levels to be aware of?

GBP/USD eases slightly on the session to 1.2920 Besides the apparent weakness in the aussie and kiwi, most other major currencies are keeping little changed but the pound is starting to ease slightly on the session currently.

European equities open slightly lower to start the day

Softer tones in Europe to get the session underway The softer tone reflects some catch-up play to the decline by US stocks yesterday, which closed ~1.6% lower amid fading stimulus hopes.

Gold stays poised for a breakout, will the end of stimulus talks be the trigger?

Gold continues to coil up ahead of what could be the final pre-election stimulus showdown in the US Gold is pretty much forming a narrowing wedge at this point as we get into what hopefully will be the end of the pre-election stimulus showdown in the US.

AUD/USD sees 0.7000 in focus as aussie weighed lower by RBA Kent's remarks

AUD/USD down by 0.5%, trading at the lows to start the session The pair is being driven lower to start the day by a weaker aussie, after being weighed down by RBA Kent's remarks (⬆️) from earlier today.

Eurostoxx futures -0.7% in early European trading

Softer tones observed in early trades - German DAX futures -0.7% - UK FTSE futures -0.4% - Spanish IBEX futures -0.7% This owes a bit to some catch-up play to the decline in US stocks yesterday amid fading stimulus hopes, which led to a decline of ~1.6% in Wall Street at the close.

Grain crops pushing higher - more to come?

Soy, corn, and wheat rising The tone is set for further price gains in grains. Hedge funds, commercial traders, and individual investors are positioning for further price gains.  Corn has been trading at 12months+ highs, s fuelled by a potential Biden win, and . Corn has traded at a 14 month high and wheat is at its

Nikkei 225 closes lower by 0.44% at 23,567.04

A mixed but more subdued session for Asian equities today Japanese stocks are closing lower after a bright start to the week, following the softer mood in US equities yesterday. Elsewhere, the Hang Seng is down by 0.2% while the Shanghai Composite is up by 0.2% going into the closing stages.

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