FirewoodFX - Market News

Daily Forex Market News - FirewoodFx

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Re: FirewoodFX - Market News

#361

Post by B0N3 » Thu Oct 18, 2018 8:35 pm

Asia Roundup:
Aussie rebounds as unemployment rate declines, greenback rallies on hawkish Fed minutes, sterling bulls' eye EU summit – Thursday, October 18th, 2018










Market Roundup


Trump reluctant to abandon Riyadh over missing journalist, wants evidence

Despite Trump criticism, Fed sees need for more rate hikes

U.S. government refrains from calling China a currency manipulator

U.S. Treasury triples potential credit line to Mexico

May seeks to reassure EU leaders on Brexit deal

S.Korea holds rates amid growth risks, trade tensions

BOJ's Kuroda offers slightly brighter view on inflation

Japan Sep Exports YY, -1.2%, 1.9% f’cast, 6.6% prev

Japan Sep Imports YY, 7.0%, 13.7% f’cast, 15.4% prev, 15.3% rsvd

Japan Sep Trade Balance Total Yen, 139.6 bln, -50.0 bln f'cast, -444.6 bln prev, -438.4 bln rsvd

Australia Sep Employment, 5.6k, 15.0k f’cast, 44.0k prev, 44.6 rsvd

Australia Sep Unemployment Rate, 5.0%, 5.3% f’cast, 5.3% prev



Economic Data Ahead

(0430 ET/0830 GMT) Great Britain Sep Retail Sales MM, -0.4% f’cast, 0.3% prev

(0430 ET/0830 GMT) Great Britain Sep Retail Sales Ex-Fuel MM, -0.4% f’cast, 0.3% prev

(0430 ET/0830 GMT) Great Britain Retail Sales YY, 3.6% f’cast, 3.3% prev

(0430 ET/0830 GMT) Great Britain Retail Sales Ex-Fuel YY, 3.7% f’cast, 3.5% prev



Key Events Ahead

(0400 ET/0800 GMT) ECB Governing Council member Ewald Nowotny gives a speech on “the future of financing and currencies” in Vienna.

(0400 ET/0800 GMT) A special event to mark the launch of series VIII 50-krone and 500-krone banknotes will be held at RS Noatun in Horten.

(0915 ET/1315 GMT) Fed St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Economic Club of Memphis

(0930 ET/1330 GMT) Latvian Finance Minister Dana Reizniece-Ozola, Lituanian Finance Minister Migle Tuskiene and Estonian Deputy Secretary-General for Financial Policy Marten Ross speak alongside European Commission's Valdis Dombrovskis on financial stability and capital markets in the Baltics in London.

(0930 ET/1330 GMT) Bank of Slovenia Deputy Governor Primoz Dolenc speaks at a financial conference in Ljubljana.

(1215 ET/1615 GMT) Fed Vice Chairman for Supervision, Randal Quarles, speaks before an Economic Club of New York luncheon.

N/A ECB Executive Board Member Benoit Coeure and ECB President Mario Draghi participates in the Euro Summit in Brussels.

N/A BoJ to hold its quarterly meeting of regional branch managers where Governor Haruhiko Kuroda will deliver a speech at the outset the meeting in Tokyo








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#362

Post by B0N3 » Fri Oct 19, 2018 7:19 pm

Asia Roundup:
Antipodeans nudge up despite mixed Chinese data, dollar gains against yen amid tightening in U.S. labor market conditions, Asian shares plunge – Friday, October 19th, 2018










Market Roundup


China's securities regulator seeks to support market confidence with new measures

Japan fin min says U.S. currency report won't restrict FX policy

Trump says Saudi journalist likely dead; Turkey searches for remains

Trump threatens to send military, shut border as migrants head for Mexico

U.S. asks for WTO panel over metals tariff retaliation

Italy defends budget as EU warns of “unprecedented” rules breach

Australian regulator says bigger stick needed to clean up financial sector

China Q3 GDP YY, 6.5%, 6.6% f’cast, 6.7% prev

China Q3 GDP QQ SA, 1.6%, 1.6% f’cast, 1.7% prev

China Sep Urban investment (ytd)yy, 5.4%, 5.3% f’cast, 5.3% prev

China Sep Industrial Output YY, 5.8%, 6.0% f’cast, 6.1% prev

China Sep Retail Sales YY, 9.2%, 9.0% f’cast, 9.0% prev

Japan Sep CPI, Core Nationwide YY, 1.0%, 1.0% f’cast, 0.9% prev

Japan Sep CPI, Overall Nationwide, 1.2%, 1.3% prev

U.S. fund investors pull most cash since June from stocks -Lipper

Foreign CB US debt holdings -$11.032 bln to $3.433 tln Oct 17 week

Treasuries -$10.702 bln to $3.058 tln, agencies +663 mln to $307.576 bln



Economic Data Ahead

(0430 ET/0830 GMT) Great Britain Sep PSNB Ex Banks GBP, 4.500 bln f’cast, 6.753 bln prev

(0430 ET/0830 GMT) Great Britain Sep PSNB, GBP, 4.600 bln f’cast, 5.889 bln prev



Key Events Ahead

(0230 ET/0630 GMT) BoJ Governor Haruhiko Kuroda will make brief remarks at a Japanese Trust Banks Associating meeting in Tokyo

(1130 ET/1530 GMT) BoE Governor Mark Carney gives a Speech at the Economic Club of New York

(1200 ET/1600 GMT) Fed Atlanta President Raphael Bostic participates in armchair discussion on the economic outlook in Macon

(1245 ET/1645 GMT) Fed Dallas President Robert Kaplan speaks before Manhattan Institute event in New York







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#363

Post by B0N3 » Mon Oct 22, 2018 7:37 pm

Asia Roundup:
Antipodeans rebound on China's stimulus hope, dollar steadies against yen amid prevalent geopolitical tensions, Asian shares volatile – Monday, October 22nd, 2018










Market Roundup


Saudi Arabia calls Khashoggi killing 'grave mistake,' says prince not aware

Trump says U.S. to exit landmark nuclear arms pact, Russia threatens retaliation

With divorce deal almost done, May repeats rejection of EU proposal on Northern Ireland

Italy expects EU budget rejection on Tuesday -source

China's Sept new home price gains led by smaller cities

China banking watchdog says financial risks 'fully controllable' -CSJ

China releases draft plan for personal income tax deductions

Australia's Jerusalem ploy fails to avoid by-election beating, risks Muslim backlash

Australian PM seeks meeting with independent lawmakers in bid to shore-up government



Economic Data Ahead

No major economic data releases



Key Events Ahead

No significant event scheduled







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#364

Post by B0N3 » Tue Oct 23, 2018 8:03 pm

Asia Roundup:
Dollar eases against yen on persisting geopolitical tensions, euro slumps amid uncertainty in Europe, Asian shares plunge –
Tuesday, October 23rd, 2018







Market Roundup

Trump says he remains unsatisfied with Saudi accounts on Khashoggi

Trump threatens to cut Central America aid over migrant caravan

Trump eyeing a 10 percent middle-income tax cut plan

Russia pledges 'balance' if U.S. quits nuclear pact; Trump eyes more weapons

Nomura, Chinese government to set up a 150 billion yen fund – source

UK's May tries to calm Brexit rebels, says deal almost done

Mexico's next president vows security for banks in Santander meeting

Refugee offer could strengthen embattled Australian PM's grip on power



Economic Data Ahead

(0200 ET/0600 GMT) Germany Sep Producer Prices, 0.3% m/m, 2.9% y/y f’cast; 0.3%, 3.1% prev

(0600 ET/1000 GMT) Great Britain Oct CBI Trends – Orders, -1 f’cast, -1 prev

(1000 ET/1400 GMT) EZ Oct Consumer Confid. Flash, -3.2 f’cast, -2.9 prev



Key Events Ahead

(0300 ET/0700 GMT) Riksbank holds executive board meeting, monetary policy meeting No. 5 in Stockholm

(0630 ET/1030 GMT) BoE Executive Director Andy Haldane gives seminar Launch of the OECD NAEC Innovation Lab in France

(0830 ET/1230 GMT) Fed Philadelphia issues Non-manufacturing Business Outlook Survey for October in Philadelphia

(0930 ET/1330 GMT) Fed Minneapolis President Neel Kashkari speaks at a conference in Minneapolis

(1120 ET/1520 GMT) BoE Governor Mark Carney speaks at a University of Toronto conference.

(1330 ET/1730 GMT) Fed Atlanta President Raphael Bostic speaks in Baton Rouge

(1415 ET/1815 GMT) Fed Dallas President Robert Kaplan participates in a summit in Galveston, Texas

(1815 ET/2215 GMT) Fed Chicago President Charles Evans participates in moderated Q&A at Northwestern University, Evanston




FX Beat

DXY: The dollar index edged up, hovering towards a near 2-week peak touched in the previous session, following a rise in U.S. Treasury yields. The greenback against a basket of currencies trades flat at 96.04, having touched a high of 96.09 on Monday, its highest since October 9. FxWirePro's Hourly Dollar Strength Index stood at 124.24 (Highly Bullish) by 0400 GMT.

EUR/USD: The euro eased, extending previous session losses, amid growing political uncertainty in Europe over Italy's spending plans. The European currency traded 0.1 percent down at 1.1453, having touched a low of 1.1432 on Friday, its lowest since October 9. FxWirePro's Hourly Euro Strength Index stood at -82.00 (Slightly Bearish) by 0400 GMT. Investors’ attention will remain on German producer price index and Eurozone prelim consumer confidence, ahead of FOMC officials' speeches. Immediate resistance is located at 1.1503 (October 9 High), a break above targets 1.1545 (October 10 High)). On the downside, support is seen at 1.1432 (October 9 Low), a break below could drag it till 1.1400.

USD/JPY: The dollar declined after rising to a 12-day high in the previous session, as uncertainty over Brexit negotiations and Italy's free-spending budget sent investors seeking safety in safe-haven assets. The major was trading 0.2 percent down at 112.56, having hit a high of 112.88 on Monday, its highest since October 10. FxWirePro's Hourly Yen Strength Index stood at 86.31 (Slightly Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of FOMC officials' speeches. Immediate resistance is located at 113.13 (September 26 High), a break above targets 113.46 (September 27 High). On the downside, support is seen at 112.04 (September 20 Low), a break below could take it lower 111.62 (September 15 Low).

GBP/USD: Sterling slumped to a near 3-week trough below the 1.3000 handle as stalled talks over the Irish border issue and discord within Britain's ruling Conservatives over Brexit could see Prime Minister Theresa May face a serious leadership challenge. The major traded 0.05 percent down at 1.2956, having hit a low of 1.2952 earlier; it’s lowest since October 4. FxWirePro's Hourly Sterling Strength Index stood at -95.86 (Slightly Bearish) 0400 GMT. Immediate resistance is located at 1.3023 (October 3 High), a break above could take it near 1.3090 (September 28 High). On the downside, support is seen at 1.2941 (October 2 Low), a break below targets 1.2900. Against the euro, the pound was trading flat at 88.39 pence, having hit a low of 88.56 on Monday, it’s lowest since October 4.

AUD/USD: The Australian dollar plunged to a near 2-week low as risks in the Chinese economy and its currency weighed on investor sentiment. The Aussie trades 0.3 percent down at 0.7063, having hit a low of 0.7058 earlier; it’s lowest since October 11. FxWirePro's Hourly Aussie Strength Index stood at -115.15 (Highly Bearish) by 0400 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7040 (October 8 Low), a break below targets 0.7000. On the upside, resistance is located at 0.7106 (October 9 High), a break above could take it near 7159 (October 17 High).




Equities Recap

Asian shares declined, as concerns over Italy's budget and Brexit talks weighed heavily on investor sentiment.

MSCI's broadest of Asia-Pacific shares outside Japan tumbled 1.4 percent.

Tokyo's Nikkei declined 2.3 percent to 22,087.16 points, Australia's S&P/ASX 200 index slumped 1.1 percent to 5,843.10 points and South Korea's KOSPI plunged 2.4 percent to 2,110.59 points.

Shanghai composite index fell 1.3 percent to 2,620.97 points, while CSI300 index traded 1.6 percent down at 3,217.57 points.



Commodities Recap

Crude Oil declined after Saudi Arabia pledged to play a responsible role in energy markets, however, the downside was limited as markets remained nervous ahead of the U.S. sanctions against Iran's crude exports that start next month. International benchmark Brent crude was trading 0.6 percent down at $79.60 per barrel by 0415 GMT, having hit a low of $78.67 on Thursday, its lowest since September 21. U.S. West Texas Intermediate was trading 0.4 percent down at $69.24 a barrel, after falling as low as $68.50 on Thursday, its lowest since September 14.

Gold prices surged, boosted by political tensions between Saudi Arabia and Western powers, uncertainties around Brexit and Italy's budgetary woes. Spot gold was 0.1 percent up at $1,223.49 an ounce at 0418 GMT, having hit a high of $1233.14 last week, its highest since July 26. U.S. gold futures edged up 0.1 percent to $1,225.30 an ounce.














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#365

Post by B0N3 » Wed Oct 24, 2018 7:24 pm

Asia Roundup:
Japanese yen trades marginally lower despite robust manufacturing PMI data, gold flat at $1,230 mark, most Asian markets in green –
Wednesday, October 24, 2018







Market Roundup

Trump says Saudis staged 'worst cover-up ever' on Khashoggi; U.S. revokes visas of some Saudis.

Trump steps up attacks on Fed Chairman Jerome Powell.

Fed's Bostic says comfortable with fourth rate hike following strong data.

UK PM May's Brexit transition plan could last for years.

Canada's Trudeau vows to impose carbon tax, opponents push back.

China state planner says to step up support to stabilise jobs in regions most affected by U.S.-China trade frictions.

Japan Oct Nikkei manufacturing PMI Flash, 53.1, 52.5 previous.



Economic Data Ahead

(0245 ET/0645 GMT) France Oct Business Climate manufacturing, 107 forecast, 107 previous.

(0315 ET/0715 GMT) France Oct Markit manufacturing Flash PMI, 52.4 forecast, 52.5 previous.

(0315 ET/0715 GMT) France Oct Markit services Flash PMI, 54.7 forecast, 54.8 previous.

(0315 ET/0715 GMT) France Oct Markit composite Flash PMI, 53.8 forecast, 54.0 previous.

(0330 ET/0730 GMT) Germany Oct Markit manufacturing Flash PMI, 53.4 forecast, 53.7 previous.

(0330 ET/0730 GMT) Germany Oct Markit Service Flash PMI, 55.5 forecast, 55.9 previous.

(0330 ET/0730 GMT) Germany Oct Markit composite Flash PMI, 54.8 forecast, 55.0 previous.

(0400 ET/0800 GMT) EZ Sep Money-M3 Annual Growth, 3.5% forecast, 3.5% previous.

(0400 ET/0800 GMT) EZ Oct Markit manufacturing Flash PMI, 53.0 forecast, 53.2 previous.

(0400 ET/0800 GMT) EZ Oct Markit services Flash PMI, 54.5 forecast, 54.7 previous.

(0400 ET/0800 GMT) EZ Oct Markit composite Flash PMI, 53.9 forecast, 54.1 previous.



Key Events Ahead

(0330 ET/0730 GMT) Swedish Central Bank announces interest rate decision in Stockholm.

(0915 ET/1315 GMT) Fed Minneapolis President Neel Kashkari participates in Q&A session in Minneapolis.

(1000 ET/1400 GMT) BoC key policy interest rate announcement and Monetary Policy Report in Ottawa.

(1115 ET/1515 GMT) BoC Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins hold press conference on Monetary Policy Report in Ottawa.

(1310 ET/1710 GMT) Cleveland President Loretta Mester participates in a moderated Q&A at Cornell Club in New York.

(1400 ET/1800 GMT) Federal Reserve issues the Beige Book of economic condition Washington.

(1900 ET/2300 GMT) Federal Reserve Board Governor Lael Brainard participates in a moderated Q&A session in New York.




FX Beat

USD: The U.S. dollar index, a gauge of its value against six major peers, was wobbly in early Asia trade. It was last slightly lower at 95.94.

EUR/USD: The euro was also steady at $1.1472, although bearish sentiment against the common currency amid Italy's budget woes has limited any chance of a rally. On Tuesday, the European Commission rejected Italy's draft 2019 budget, saying it brazenly broke EU rules on public spending and asked Rome to submit a new one within three weeks or face disciplinary action. A consistent close below $1.1452 will drag the parity down towards key supports around $1.1390, $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1550, $1.1620, $1.1738 and $1.1852 marks respectively.

USD/JPY: The Japanese yen trades marginally lower in early Asia despite robust manufacturing PMI data. It made intraday high at 112.61 and low at 112.32 levels. A sustained close above 112.81 is required to take the parity higher towards key resistances around 114.55 and 117.98 marks respectively. Alternatively, a daily close below 112.17 will drag the parity down towards key supports around 110.98, 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The sterling was fetching $1.2983, down 0.05 percent. It has lost 2 percent versus the U.S. dollar in over a week amid concerns about Brexit and May's survival. Sterling briefly gained half a percent against the dollar and euro on Tuesday after a media report that the European Union could offer British Prime Minister Theresa May a UK-wide customs union to clinch a Brexit deal. A sustained close below $1.2935 requires for dragging the parity down towards key support around $1.2662 mark. On the other side, key resistances are seen at $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar rises in early Asia and was currently trading above $0.7100 mark, after finding last-gasp support around $0.7055. That helped prevent a punishing break of the recent 32-month trough at $0.7041, which likely would have unleashed a wave of momentum selling. The pair made intraday high at $0.7106 and low at $0.7080 levels. Immediate support and resistance levels were seen at $0.7041 and $0.7160 mark respectively.

NZD/USD: The New Zealand dollars was fighting a rearguard action on Wednesday as a shakeout in world stock markets sent investors to the shelter of the Japanese yen and U.S. Treasuries. The New Zealand dollar was trading flat at $0.6552, sandwiched between support at $0.6535 and resistance around $0.6568. Pair made intraday high at $0.6567 and low at $0.6546 levels. A sustained close above $0.6591 is required to take the parity higher towards $0.7050 mark. Alternatively reversal key resistance will take the parity down towards key supports around $0.6424 levels.



Equities Recap

Tokyo's Nikkei was trading 0.38 pct higher at 22,095.50 points.

Shanghai composite index to open down 0.6 pct at 2,579.97 points and China's CSI300 index to open down 0.4 pct at 3,169.46 points.

Hong Kong’s Hang Seng was trading 0.94 pct higher at 25,585.55 points.



Commodities Recap

Crude Oil prices on Wednesday extended falls from the previous day, when crude slumped as much as 5 percent, after Saudi Arabia said it would make up for supply disruptions from U.S. sanctions targeting Iran's petroleum exports from next month. Front-month Brent crude oil futures were at $76.37 a barrel at 0031 GMT, 7 cents below their last close. U.S. West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, 12 cents below their last settlement.

Gold prices nudged up on Wednesday after hitting their highest in over three months in the previous session, with international political and economic uncertainty underpinning safe-haven demand for the metal. Spot gold was up 0.1 percent at $1,231.27 an ounce at 0102 GMT. On Tuesday, it touched its highest since July 17 at $1,239.68. U.S. gold futures were down 0.2 percent at $1,234.20 an ounce.











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#366

Post by B0N3 » Thu Oct 25, 2018 7:15 pm

Asia Roundup:
Kiwi trades marginally lower against major peers as trade balance data misses expectations, Asian markets noticeably down, gold touches $1,239 mark –Thursday, October 25, 2018







Market Roundup

NZ Sep Trade Balance, -1,560.0 mln, -1,470.0 mln previous.

Obama, Clinton among targets of suspected bombs ahead of U.S. election.

Trump, industry work behind the scenes to save Saudi arms package.

As Trump rails against Fed, Powell takes to Capitol Hill.

China listens to Trump cell phone calls, tries to sway policy.

China says army will act “at any cost” to prevent Taiwan split.

BOJ deputy gov warns against pricking bubbles with monetary tightening.

Japan, China seek warmer ties against backdrop of U.S. trade friction.

Japan's Kampo Insurance plans to increase foreign bond investments.

Russia will target European countries if they host U.S. nuclear missiles – Putin.

UK PM May receives show of loyalty after talk of leadership challenge.

Course unchanged for ECB as growth worries bubble under.

South Korea Q3 GDP growth misses forecasts, construction spending plunges.



Economic Data Ahead

(0745 ET/1145 GMT) EZ Oct ECB Refinancing Rate, 0.00% forecast, 0.00% previous.

(0745 ET/1145 GMT) EZ Oct ECB Deposit Rate, -0.40% forecast, -0.40% previous.

N/A Germany Oct IFO Business Climate New, 103.0 forecast, 103.7 previous.

N/A Germany Oct IFO Current Conditions New, 106.0 forecast, 106.4 previous.

N/A Germany Oct IFO Expectations New, 100.3 forecast, 101.0 previous.



Key Events Ahead

(0400 ET/0800 GMT) Norway Central Bank holds announcement of the Executive Board's interest rate decision in Oslo.

(0600 ET/1000 GMT) Riksbank Governor Stefan Ingves participates in a panel as part of a seminar at Åbo Akademi University in Turku.

(0830 ET/1230 GMT) ECB President Mario Draghi holds a press conference, after the interest rate meeting in Frankfurt.

(1215 ET/1615 GMT) Federal Reserve Vice Chairman Richard Clarida speaks before a Peterson Institute for International Economics luncheon, in Washington.

(1900 ET/2300 GMT) Fed Cleveland President Loretta Mester speaks before the Money Marketeers of New York University.

N/A ECB Governing Council meeting, followed by interest rate announcement in Frankfurt.

N/A Bank of England Deputy Governor for Prudential Regulation Sam Woods speaks at Mansion House City Banquet, London.



FX Beat

USD: An index measuring the U.S. currency versus six major peers traded around 0.16 percent lower in Asia at 96.26, after gaining an impressive 0.5 percent on Wednesday.

EUR/USD: The euro staged a small relief rally to trade at $1.1407, after giving up almost 0.7 percent on Wednesday – its steepest fall in percentage terms since Sept. 27, on concerns over the pace of economic growth in Europe. The European Central Bank (ECB) holds its monetary policy meeting later today and investors will be looking for any new guidance acknowledging the recent slowdown in growth as well as the political stand-off between Brussels and Rome over Italy's free spending budget. A consistent close below $1.1390 will drag the parity down towards key supports around $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1475, $1.1550, $1.1620, $1.1738 and $1.1852 marks respectively.

USD/JPY: The Japanese yen trades marginally higher in early Asia and was currently trading around 112.05 marks. It made intraday high at 112.24 and low at 111.82 levels. A sustained close above 112.09 is required to take the parity higher towards key resistances around 112.84, 114.55 and 117.98 marks respectively. Alternatively, a daily close below 112.09 will drag the parity down towards key supports around 110.98, 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The pound fell to a seven-week low on Wednesday before British Prime Minister Theresa May was due to meet Conservative Party lawmakers, some of whom have discussed toppling her in anger at her Brexit negotiations. May is seeking to win over lawmakers in her party who oppose her approach to the negotiations, which are stuck at an impasse just over five months before the United Kingdom leaves the European Union. The prospect of a leadership challenge and of politics scuppering an agreement with the EU has weakened the currency in recent days. The sterling fell on Wednesday to $1.2867, its lowest since Sept 5, and traded down 0.7 percent. Against a weaker euro, the pound was flat at 88.31 pence. The pair was currently trading around $1.2885 mark. A sustained close below $1.2879 requires for dragging the parity down towards key support around $1.2662 mark. On the other side, key resistances are seen at $1.2990, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar held its nerve on Thursday even as global share markets crumbled for a second day, with losses on Wall Street and a sharp drop in Treasury yields hindering their U.S. counterpart. The Aussie dollar was 0.26 percent firmer at $0.7076, having again found solid support around the $0.7041/50 area which marks recent 32-month lows. The pair made intraday high at $0.7084 and low at $0.7055 levels. Immediate support and resistance levels were seen at $0.7041 and $0.7160 mark respectively.

NZD/USD: The kiwi was likewise steady at $0.6523, after garnering support at $0.6500. Pair made intraday high at $0.6530 and low at $0.6502 levels. A sustained close above $0.6591 is required to take the parity higher towards $0.7050 mark. Alternatively reversal key resistance will take the parity down towards key supports around $0.6424 levels.



Equities Recap

Tokyo's Nikkei was trading 3.20 pct lower at 21,386.50 points.

Shanghai composite index to open down 2.4 pct at 2,540.93 points and China's CSI300 index to open down 2.5 pct at 3,107.84 points.

Hong Kong’s Hang Seng was trading 1.75 pct lower at 24,808.55 points.



Commodities Recap

Crude Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year's gains. Front-month Brent crude oil futures were at $75.42 a barrel at 0043 GMT, 75 cents, or 1 percent, below their last close. U.S. West Texas Intermediate (WTI) crude futures were at $66.23 a barrel, 59 cents, or 0.9 percent, below their last settlement.

Gold prices firmed early on Thursday, hovering near a more than three-month high reached earlier this week, as the U.S. dollar eased and Asian stocks slumped after Wall Street surrendered all its gains for the year. Spot gold was up 0.2 percent at $1,236.43 an ounce at 0107 GMT, not far off Tuesday's $1,239.68, the highest since July 17. U.S. gold futures were up 0.6 percent at $1,238.50 an ounce.










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#367

Post by B0N3 » Fri Oct 26, 2018 7:30 pm

Asia Roundup:
Aussie falls in early Asia; hits lowest level since March 2016, Asian markets in red, gold stabilizes above $1,230 mark –
Friday, October 26, 2018







Market Roundup

Japan Oct CPI, Overall Tokyo, 1.5%, 1.3% previous.

Japan Oct Core CPI Tokyo YY, 0.5%, 0.5% previous.

Trump may send U.S. troops to Mexico border, but migrants undeterred.

WTO member group vows to reform rules on subsidies, dispute settlement.

Weak soybean exports seen slowing U.S. third quarter growth.

Still accommodative, Fed must keep hiking U.S. rates –Mester.

Trump's own hawks: Fed's newest member Clarida backs higher rates.

Bank of England tells banks to build Brexit cash cushions by March.

China, Japan sign agreements to strengthen cooperation.

China's Premier Li – China has no wish for competitive devaluation of yuan.

U.S. fund investors add stock exposure during volatile week – Lipper.

Foreign CB US debt holdings +$880 mln to $3.434 tln Oct 24 week.

Treasuries +$1.845 bln to $3.060 tln, agencies -516 mln to $307.060 bln.



Economic Data Ahead

(0330 ET/0730 GMT) Sweden retail sales.

(0330 ET/0730 GMT) Thailand Forex reserves and currency swap.

(0630 ET/1030 GMT) Russia Interest rate decision.



Key Events Ahead

(0335 ET/0735 GMT) Norway Central Bank Deputy Governors Jon Nicolaisen and Egil Matsen speak in Sandefjord.

(0535 ET/0935 GMT) Fed New York Executive Vice President Simon Potter speaks at a conference in Paris.

(1000 ET/1400 GMT) ECB President Mario Draghi delivers a keynote presentation at a conference Brussels.

(1015 ET/1415 GMT) ECB Executive Board Member Benoit Coeure speaks at a session during the Euro 50 – CF40 – CIGI meeting in Paris.




FX Beat

USD: The dollar index traded flat at 96.65 on Friday, after hitting a two-month high on Thursday. The gains in the dollar index were largely due to the losses in the euro, which has more than 60 percent weighting in the index.

EUR/USD: The euro traded flat at $1.1375 on Friday, having hit a two-month low of 1.1353 in the previous session, after ECB President Mario Draghi failed to convince traders that the bank could pursue monetary tightening after next summer as political and economic uncertainties grow in the monetary union. The ECB reaffirmed on Thursday that its 2.6 trillion euro ($2.97 trillion) asset purchase programme would end this year and that interest rates could rise after next summer. A consistent close below $1.1374 will drag the parity down towards key supports around $1.1185 and $1.1080 levels respectively. Alternatively, reversal from key support will drag the parity higher towards key resistances around $1.1432, $1.1550, $1.1620, $1.1738 and $1.1852 marks respectively.

USD/JPY: The Japanese yen trades marginally higher in early Asia after CPI as well as core CPI data. Pair was currently trading around 112.18 marks. It made intraday high at 112.44 and low at 112.06 levels. A sustained close above 112.81 is required to take the parity higher towards key resistances around 114.55 and 117.98 marks respectively. Alternatively, a daily close below 111.75 will drag the parity down towards key supports around 110.98, 110.27, 109.24, 108.72 and 107.90 marks respectively.

GBP/USD: The sterling traded marginally higher at $1.2822 after it hit a six-week low of $1.2796 on Thursday following Draghi's comments that the private sector needed to prepare for the possibility that Britain could exit the European Union with no deal on future relations. A sustained close below $1.2817 requires for dragging the parity down towards key supports around $1.2662 and $1.2498 mark respectively. On the other side, key resistances are seen at $1.2919, $1.3187, $1.3215, $1.3362 and $1.3490 levels respectively.

AUD/USD: The Australian dollar was under pressure again on Friday as weakness in Asian stock markets kept the U.S. dollar well bid, though their losses for the week were relatively moderate given the sheer volatility of equities. The Aussie was a shade softer on the day at $0.7023, leaving it down 0.7 percent on the week so far. The pair made intraday high at $0.7082 and low at $0.7023 levels. Immediate support and resistance levels were seen at $0.6827 and $0.7160 mark respectively.

NZD/USD: The kiwi falls gradually against U.S. dollar and current trading around $0.6480 mark. Major support is down at $0.6424, with resistance around $0.6620. Pair made intraday high at $0.6531 and low at $0.6465 levels. A sustained close above $0.6518 is required to take the parity higher towards $0.6727 and $0.7050 mark respectively. Alternatively reversal from key resistance will take the parity down towards key supports around $0.6402 levels.



Equities Recap

Tokyo's Nikkei was trading 0.60 pct lower at 21,143.50 points.

Shanghai composite index to open up 0.3 pct at 2,610.90 points and China's CSI300 index to open up 0.3 pct at 3,204.28 points.

Hong Kong’s Hang Seng was trading 1.30 pct lower at 24,675.55 points.



Commodities Recap

Crude Oil prices eased on Friday and were heading for a third weekly loss after Saudi Arabia's OPEC governor said the market could be heading into oversupply, as growth concerns took a hit with a slump in global equities this week. Brent crude futures were down 45 cents, or 0.6 percent, at $76.44 a barrel by 0140 GMT. The global benchmark is heading for a weekly loss of 4.2 percent. U.S. crude was down 56 cents, or 0.8 percent, at $66.77 a barrel. The U.S. benchmark is heading for a 3.4 percent loss this week.

Gold prices held steady early Friday as a bounce back in U.S. stocks failed to stimulate its Asian counterparts, with the metal on track to rise for the fourth straight week, its longest string of weekly gains since January. Spot gold was flat at $1,231.17 an ounce at 0101 GMT. On Tuesday, it touched a high of $1,239.68, a peak since July 17. It was up 0.4 percent for the week. U.S. gold futures were up 0.1 percent at $1,233.70 an ounce.








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#368

Post by B0N3 » Mon Oct 29, 2018 7:09 pm

Asia Roundup:
Aussie at 1-week peak on upbeat new home sales, euro eases on German political tensions, investors eye UK autumn budget statement –
Monday, October 29th, 2018







Market Roundup

German SPD leader gives Merkel an ultimatum after state vote losses

Britain's Hammond to turn up heat on Brexit rebels in budget speech

China's industrial profits growth slows for fifth month as orders wane

Guarding stability, China likely to slow yuan's slide to 7 per dlr-sources

BOJ eyes tweaks to bond-buying programme, but won't rush changes-sources

Australian prime minister's approval rating turns negative: poll

Far-right Bolsonaro rides anti-corruption rage to Brazil presidency

Japan Sep Retail Sales YY, 2.1%, 1.6% f’cast, 0.50%, 2.7% prev



Economic Data Ahead

(0530 ET/0930 GMT) Great Britain Sep BOE Consumer Credit, 1.200 bln f’cast, 1.118 bln prev

(0530 ET/0930 GMT) Great Britain Sep Mortgage Lending, 3.000 bln f’cast, 2.904 bln prev

(0530 ET/0930 GMT) Great Britain Sep Mortgage Approvals, 65.000k f’cast, 66.440k prev



Key Events Ahead

(0500 ET/0900 GMT) Norway Central Bank Publishes annual report on financial stability in Oslo

(0900 ET/1300 GMT) Fed New York Senior Vice President Ray Testa speaks at LBMA/LPPM Precious Metals Conference in Boston

(0945 ET/1345 GMT) Fed Chicago President Charles Evans makes speaks at the Sixth Annual Summit on Regional Competitiveness in Chicago

N/A British Finance Minister Philip Hammond will deliver his autumn budget statement in London



FX Beat

DXY: The dollar index rose, hovering closer to a 10-week peak, boosted by trade tensions between the United States and China, and a steady pace of rate increases by the Federal Reserve. The greenback against a basket of currencies trades 0.1 percent up at 96.44, having touched a high of 96.86 on Friday, its highest since August 15. FxWirePro's Hourly Dollar Strength Index stood at 20.09 (Neutral) by 0500 GMT.

EUR/USD: The euro declined as German Chancellor Angela Merkel's junior coalition allies gave her conservatives until next year to deliver more policy results. The European currency traded 0.1 percent down at 1.1393, having touched a low of 1.1335 on Friday, its lowest since August 1.6 FxWirePro's Hourly Euro Strength Index stood at -11.90 (Neutral) by 0500 GMT. Investors’ attention will remain on European Commission Economic Growth Forecast release, ahead of the U.S. personal consumption expenditure, and Fed Evans speech. Immediate resistance is located at 1.1432 (October 25 High), a break above targets 1.1493 (October 23 High). On the downside, support is seen at 1.1335 (October 26 Low), a break below could drag it till 1.1301 (August 15 Low),.

USD/JPY: The dollar rebounded from a 6-week low touched in the previous session, after data showed the U.S. economy slowed less than expected in the third quarter. The major was trading 0.1 percent up at 111.97, having hit a low of 111.37 on Friday, its lowest since September 13. FxWirePro's Hourly Yen Strength Index stood at 111.47 (Highly Bullish) by 0400 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. personal consumption expenditure, and Fed Evans speech. Immediate resistance is located at 112.58 (September 20 High), a break above targets 112.98 (September 25 High). On the downside, support is seen at 111.62 (September 15 Low), a break below could take it lower 111.35 (September 5 Low).

GBP/USD: Sterling rallied, extending previous session rebound, ahead of the latest Annual Budget from the Exchequer Chancellor Phillip Hammond, and the chancellor is expected to unveil key details from the UK's budgetary outlook. The major traded 0.1 percent up at 1.2834, having hit a low of 1.2777 on Friday; it’s lowest since August 20. FxWirePro's Hourly Sterling Strength Index stood at -108.94 (Highly Bearish) 0500 GMT. Investors attention will remain on UK consumer credit, Mortgage Approvals and CBI Distributive Trades Survey, ahead of U.S. fundamental drivers. Immediate resistance is located at 1.2876 (September 4 High), a break above could take it near 1.2933 (September 3 High). On the downside, support is seen at 1.2777 (October 6 Low), a break below targets 1.2729 (August 20 Low). Against the euro, the pound was trading 0.1 percent up at 88.78 pence, having hit a low of 88.61 on Friday, it’s lowest since October 2.

AUD/USD: The Australian dollar rose to a 1-week peak after data released by the Housing Industry Association showed New Home Sales bounced back to 1.1 percent in September from -2.9 percent in August. The Aussie trades 0.2 percent up at 0.7099, having hit a high of 0.7107 earlier; it’s highest since October 22. FxWirePro's Hourly Aussie Strength Index stood at 70.96 (Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7065 (October 4 Low), a break below targets 0.7021 (October 4 Low). On the upside, resistance is located at 0.7125 (October 22 High), a break above could take it near 7159 (September 17 High).

NZD/USD: The New Zealand dollar surged, extending previous session gains, as risk sentiment slightly improved. The Kiwi trades 0.3 percent up at 0.6537, having touched a low of 0.6465 on Friday, its lowest level since October 11. FxWirePro's Hourly Kiwi Strength Index was at -129.67 (Highly Bearish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6628 (October 1 High), a break above could take it near 0.6696 (September 26 High). On the downside, support is seen at 0.6502 (October 25 Low), a break below could drag it below 6465 (October 26 Low).



Equities Recap

Asian shares nudged higher after a turbulent week for global equities, however, rising geopolitical concerns limited gains.

MSCI's broadest of Asia-Pacific shares outside Japan surged 0.3 percent.

Tokyo's Nikkei declined 0.2 percent to 21,149.80 points, Australia's S&P/ASX 200 index rallied 1.1 percent to 5,728.20 points and South Korea's KOSPI slumped 0.9 percent to 2,006.97 points.

Shanghai composite index fell 2.5 percent to 2,535.68 points, while CSI300 index traded 3.3 percent down at 3,068.82 points.

Hong Kong’s Hang Seng traded 0.2 percent lower at 24,671.35 points. Taiwan shares added 0.3 percent to 9,516.32 points.



Commodities Recap

Crude Oil prices declined as sentiment remained cautious after a tumble in financial markets last week triggered concerns that global growth may be slowing. International benchmark Brent crude was trading 0.1 percent down at $77.65 per barrel by 0450 GMT, having hit a low of $75.09 on Wednesday, its lowest since August 24. U.S. West Texas Intermediate was trading 0.1 percent down at $67.64 a barrel, after rising as high as $67.92 earlier, its highest since October 23.

Gold prices declined, hovering away from a more than 3-month high hit in the previous session, as the dollar firmed and Asian stocks edged up from last week's setbacks. Spot gold was down 0.1 percent at $1,233.21 an ounce at 0503 GMT, having touched its highest since July 17 at $1,243.32 on Friday. U.S. gold futures were down 0.1 percent at $1,234.70 an ounce.













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#369

Post by B0N3 » Tue Oct 30, 2018 7:32 pm

Asia Roundup:
Antipodeans rebound as geopolitical tensions ease, greenback gains as U.S. likely to impose more China tariffs if Trump-Xi talks fail, Asian shares rally – Tuesday, October 30th, 2018







Market Roundup

U.S. plans more China tariffs if Trump-Xi meeting fails -Bloomberg

U.S. restricts exports to Chinese semiconductor firm Fujian Jinhua

UK austerity ending, as long as Brexit deal gets done – Hammond

China factory growth seen cooling further as U.S. tariff impact mounts

Major Chinese banks seen swapping yuan for dollars in forwards – traders

China's securities regulator to enhance market liquidity, encourage share buybacks

Brazil's far-right president-elect eyes close U.S. ties

Mexican president-elect pulls plug on new airport; markets sink

Japan Sep Jobs/Applicants Ratio, 1.64, 1.63 f’cast, 1.63 prev

Japan Sep Unemployment Rate, 2.3%, 2.4% f’cast, 2.4% prev

Australia Sep Building Approvals, 3.3%, 3.0% f’cast, -9.4% prev, -8.1% rvsd



Economic Data Ahead

(0455 ET/0855 GMT) Germany Oct Unemployment Chg SA, -12k f’cast, -23k prev

(0455 ET/0855 GMT) Germany Oct Unemployment Rate SA, 5.1% f’cast, 5.1% prev

(0600 ET/1000 GMT) EZ Q3 GDP Flash Prelim YY, 1.8% f’cast, 2.1% prev

(0600 ET/1000 GMT) EZ Q3 GDP Flash Prelim QQ, 0.4% f’cast, 0.4% prev

(0600 ET/1000 GMT) EZ Oct Business Climate, 1.14 f’cast, 1.21 prev

(0600 ET/1000 GMT) EZ Oct Economic Sentiment, 110.0 f’cast, 110.9 prev

(0600 ET/1000 GMT) EZ Oct Industrial Sentiment, 3.8 f’cast, 4.7 prev

(0600 ET/1000 GMT) EZ Oct Services Sentiment, 14.0 f’cast, 14.6 prev

(0600 ET/1000 GMT) EZ Oct Consumer Confid. Final, -2.7 f’cast, -2.7 prev



Key Events Ahead

(0415 ET/0815 GMT) Norway Central Bank Deputy Governor Jon Nicolaisen gives a speech at a conference in Oslo

(0930 ET/1330 GMT) ECB Chief Economist Peter Praet to chair a policy panel at the ECB conference in Frankfurt

(1530 ET/1930 GMT) Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins to appear before House of Commons Standing Committee on Finance in Ottawa



FX Beat

DXY: The dollar index gained on news that Trump and his Chinese counterpart are due to meet on the sidelines of the Group of 20 leaders summit in Argentina at the end of November. The greenback against a basket of currencies trades up at 96.69, having touched a high of 96.86 on Friday, its highest since August 15. FxWirePro's Hourly Dollar Strength Index stood at 59.86 (Bullish) by 0500 GMT.

EUR/USD: The euro edged up, recovering some of its previous session losses, on news that German Chancellor Angela Merkel would not seek re-election as head of her Christian Democrats (CDU) party. The European currency traded 0.1 percent up at 1.1378, having touched a low of 1.1335 on Friday, its lowest since August 1.6 FxWirePro's Hourly Euro Strength Index stood at 29.95 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the eurozone economies, and EZ economic sentiment indicator, ahead of the U.S. home price indices. Immediate resistance is located at 1.1432 (October 25 High), a break above targets 1.1493 (October 23 High). On the downside, support is seen at 1.1335 (October 26 Low), a break below could drag it till 1.1301 (August 15 Low),.

USD/JPY: The dollar surged to a near 1-week peak after data released yesterday showed U.S. consumer spending rose for a seventh straight month in September. The major was trading 0.3 percent up at 112.68, having hit a low of 111.37 on Friday, its lowest since September 13. FxWirePro's Hourly Yen Strength Index stood at -134.52 (Highly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. home price indices. Immediate resistance is located at 112.98 (September 25 High), a break above targets 113.28 (October 10 High). On the downside, support is seen at 112.08 (October 24 Low), a break below could take it lower 111.62 (September 15 Low).

GBP/USD: Sterling consolidated near 2-month lows after UK Finance minister Philip Hammond held out the prospect of an end to Britain's long spending crunch provided the government secures a Brexit deal with the European Union. The major traded 0.1 percent up at 1.2802, having hit a low of 1.2777 on Friday; it’s lowest since August 20. FxWirePro's Hourly Sterling Strength Index stood at -100.41 (Highly Bearish) 0500 GMT. Investors attention will remain on UK CBI Distributive Trades Survey, ahead of U.S. fundamental drivers. Immediate resistance is located at 1.2876 (September 4 High), a break above could take it near 1.2933 (September 3 High). On the downside, support is seen at 1.2777 (October 6 Low), a break below targets 1.2729 (August 20 Low). Against the euro, the pound was trading flat at 88.88 pence, having hit a low of 89.00 on Monday, it’s lowest since October 3.

AUD/USD: The Australian dollar rebounded from recent lows after data showed domestic building permits surged 3.3 percent in September from previous months reading of -9.1 percent. The Aussie trades 0.5 percent up at 0.7087, having hit a high of 0.7108 on Monday; it’s highest since October 22. FxWirePro's Hourly Aussie Strength Index stood at 62.66 (Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7021 (October 4 Low), a break below targets 0.7000. On the upside, resistance is located at 0.7125 (October 22 High), a break above could take it near 7159 (September 17 High).

NZD/USD: The New Zealand dollar rallied to a near 1-week peak on hopes of a U.S.-China trade resolution ahead of a meeting of the two leaders next month. The Kiwi trades 0.4 percent up at 0.6549, having touched a high of 0.6555 on Monday, its highest level since October 24. FxWirePro's Hourly Kiwi Strength Index was at 159.38 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6628 (October 1 High), a break above could take it near 0.6696 (September 26 High). On the downside, support is seen at 0.6502 (October 25 Low), a break below could drag it below 6465 (October 26 Low).



Equities Recap

Asian shares gained after U.S President Donald Trump said he would want to make a deal with China, easing geopolitical tensions.

MSCI's broadest of Asia-Pacific shares outside Japan surged 0.1 percent.

Tokyo's Nikkei surged 1.5 percent to 21,457.70 points, Australia's S&P/ASX 200 index rallied 1.3 percent to 5,805.10 points and South Korea's KOSPI gained 1.3 percent to 2,022.48 points.

Shanghai composite index rose 1.3 percent to 2,575.29 points, while CSI300 index traded 1.6 percent up at 3,125.87 points.

Hong Kong’s Hang Seng traded 0.4 percent lower at 24,714.97 points. Taiwan shares added 0.1 percent to 9,526.11 points.



Commodities Recap

Crude Oil prices surged, ahead of looming sanctions on Iran's crude exports, while signs of rising global supply limited upside. International benchmark Brent crude was trading 0.4 percent up at $77.13 per barrel by 0529 GMT, having hit a low of $75.09 on Wednesday, its lowest since August 24. U.S. West Texas Intermediate was trading 0.7 percent up at $67.16 a barrel, after rising as high as $67.92 on Monday, its highest since October 23.

Gold prices edged down as the U.S. dollar gained on worries over slowing economic growth and concerns the U.S.-China trade war could intensify again. Spot gold was down 0.1 percent at $1,227.64 an ounce at 0531 GMT, having touched its highest since July 17 at $1,243.32 on Friday. U.S. gold futures were up 0.2 percent at $1,229.30 an ounce.













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#370

Post by B0N3 » Wed Oct 31, 2018 9:20 pm

Asia Roundup:
Aussie off 1-week peak on soft CPI, dollar at 16-month high on robust U.S. economic data, Asian shares rebound –
Wednesday, October 31st, 2018







Market Roundup

China factory growth weakest in over 2 yrs, slump in export orders deepens

Japan's central bank holds fire, cuts inflation f'cast

Trump targets U.S. birthright citizenship as elections loom

Merkel says stepping down as CDU leader will not weaken her on world stage

S&P warns 'no-deal' Brexit likely to tip UK into long recession

Countering global protectionism, Pacific trade pact to start at end-2018

Investors hedge their faith in China's faltering yuan

U.S. says gravely concerned by any non-peaceful means of deciding Taiwan's future

U.S. charges Chinese intelligence officers for jet engine data hack

India cenbank governor may consider resigning after rift with govt – CNBC TV18

Japan Sep Industrial Output Prelim MM SA, -1.1%, -0.3% f’cast, 0.2% prev

Great Britain Oct GfK Consumer Confidence, -10, -10 f’cast, -9 prev

Australia Q3 RBA Trimmed Mean CPI YY, 1.8%, 1.9% f’cast, 1.9% prev



Economic Data Ahead

(0345 ET/0745 GMT) France Oct CPI (EU Norm) Prelim YY, 2.6% f’cast, 2.5% prev

(0500 ET/0900 GMT) Italy Sep Unemployment Rate, 9.9% f’cast, 9.7% prev

(0600 ET/1000 GMT) Italy Oct CPI (EU Norm) Prelim YY, 1.8% f’cast, 1.5% prev

(0600 ET/1000 GMT) Italy Oct Consumer Price Prelim YY, 1.7% f’cast, 1.4% prev

(0600 ET/1000 GMT) EZ Oct HICP Flash YY, 2.2% f’cast, 2.1% prev

(0600 ET/1000 GMT) EZ Oct HICP-X F&E Flash YY, 1.2% f’cast, 1.1% prev

(0600 ET/1000 GMT) EZ Sep Unemployment Rate, 8.1% f’cast, 8.1% prev

N/A DE Sep Retail Sales YY Real, 0.9% f’cast, 1.6% prev



Key Events Ahead

(0400 ET/0800 GMT) German Deputy Finance Minister Joerg Kukies speaks at the 2018 Financial Stability Conference in Berlin

(0500 ET/0900 GMT) ECB policymaker Ewald Nowotny speaks at an economic reporters' club in Vienna

(0505 ET/0905 GMT) ECB Supervisory Chief Daniele Nouy speaks in Berlin

(0600 ET/1000 GMT) Swedish Central Bank Governor Stefan Ingves talks about Basel III at Banco de Portugal in Lisbon

(0700 ET/1100 GMT) Riksbank Governor Stefan Ingves will visit Banco de Portugal and discuss the road to Basel III in Lisbon

(0815 ET/1215 GMT) Norway Central Bank Governor Oystein Olsen gives a speech to students at The Norwegian University of Life Sciences in Oslo

(1030 ET/1430 GMT) Fed Board holds meeting to discuss proposed rules that would modify the enhanced prudential standard framework for large banking organizations in Washington

(1100 ET/1500 GMT) Bank of Spain's Governor, Hernandez de Cos to speak at Economy Commission in Parliament in Madrid

(1315 ET/1715 GMT) Swiss National Bank Chairman Thomas Jordan gives speech on “Protectionism makes monetary policy difficult” in Bern

(1615 ET/2015 GMT) Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins to appear before for Standing Senate Committee on Banking, Trade and Commerce in Ottawa



FX Beat

DXY: The dollar index surged to 16-month highs, bolstered by stronger than expected U.S. economic data and continued rate increases by the Federal Reserve. The greenback against a basket of currencies trades up at 97.03, having touched a high of 97.06, its highest since June 26. FxWirePro's Hourly Dollar Strength Index stood at 46.26 (Neutral) by 0500 GMT.

EUR/USD: The euro declined, extending losses for the third straight session, as the greenback surged across the board. Moreover, data showing the eurozone economy grew less than expected in the third quarter continued to weigh on investor sentiment. The European currency traded 0.05 percent down at 1.1342, having touched a low of 1.1335 on Friday, its lowest since August 1.6 FxWirePro's Hourly Euro Strength Index stood at 4.35 (Neutral) by 0500 GMT. Investors’ attention will remain on a series of data from the eurozone economies, and EZ prelim consumer price index, ahead of the U.S. ADP employment change, employment cost index. Immediate resistance is located at 1.1387 (October 30 High), a break above targets 1.1432 (October 25 High). On the downside, support is seen at 1.1301 (August 15 Low), a break below could drag it till 1.1264.

USD/JPY: The dollar rallied to a fresh 3-week peak after data showed U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labour market, indicating strong economic growth could persist in the near term. The major was trading 0.2 percent up at 113.30, having hit a high of 113.32 earlier, its highest since October 9. FxWirePro's Hourly Yen Strength Index stood at -100.76 (Highly Bearish) by 0500 GMT. Investors’ will continue to track the broad-based market sentiment, ahead of the U.S. ADP employment change, employment cost index. Immediate resistance is located at 113.71 (September 28 High), a break above targets 114.10 (October 5 High). On the downside, support is seen at 112.82 (October 8 Low), a break below could take it lower 112.35 (October 22 Low).

GBP/USD: Sterling steadied above the 1.2700 handle after falling to a 2-1/2 month low in the previous session on concerns about Britain's departure from the European Union and worries over the lack of progress on issues including the Irish border. The major traded 0.1 percent up at 1.2711, having hit a low of 1.2695 on Tuesday; it’s lowest since August 16. FxWirePro's Hourly Sterling Strength Index stood at -46.22 (Neutral) 0500 GMT. Investors attention will remain on U.S. fundamental drivers, amid a lack of data from the UK docket. Immediate resistance is located at 1.2754 (August 16 High), a break above could take it near 1.2791 (August 13 High). On the downside, support is seen at 1.2664, a break below targets 1.2640. Against the euro, the pound was trading flat at 89.22 pence, having hit a low of 89.39 on Tuesday, it’s lowest since September 26.

AUD/USD:
The Australian dollar declined below the 0.7100 handle, retreating from a 1-week peak after data showed domestic consumer prices stayed moderate last quarter while core inflation eased, cementing views central bank policy will remain accommodative for a long time to come. The Aussie trades 0.2 percent down at 0.7091, having hit a high of 0.7122 on Tuesday; it’s highest since October 22. FxWirePro's Hourly Aussie Strength Index stood at 76.44 (Slightly Bullish) by 0500 GMT. Investors will continue to track overall market sentiment, ahead of U.S. economic releases. Immediate support is seen at 0.7055 (October 23 Low), a break below targets 0.7021 (October 4 Low). On the upside, resistance is located at 0.7125 (October 22 High), a break above could take it near 7159 (September 17 High).

NZD/USD: The New Zealand dollar slumped from a 1-week peak despite a monthly survey of business confidence showing a slight improvement in sentiment for October from the previous month although firms remained pessimistic. The Kiwi trades 0.05 percent down at 0.6552, having touched a high of 0.6572 on Tuesday, its highest level since October 22. FxWirePro's Hourly Kiwi Strength Index was at 122.50 (Highly Bullish) by 0500 GMT. Investors’ will continue to track broad-based market sentiment, ahead of U.S. economic data. Immediate resistance is located at 0.6628 (October 1 High), a break above could take it near 0.6696 (September 26 High). On the downside, support is seen at 0.6502 (October 25 Low), a break below could drag it below 6465 (October 26 Low).



Equities Recap

Asian shares rebounded from 20-month lows, boosted by a bounce back on Wall Street, while the greenback surged to multi-month peaks on robust U.S. economic data.

MSCI's broadest of Asia-Pacific shares outside Japan surged 0.8 percent.

Tokyo's Nikkei surged 2.2 percent to 21,920.46 points, Australia's S&P/ASX 200 index rallied 0.4 percent to 5,830.30 points and South Korea's KOSPI gained 0.7 percent to 2,028.79 points.

Shanghai composite index rose 1.2 percent to 2,597.50 points, while CSI300 index traded 1.2 percent up at 3,146.45 points.

Hong Kong’s Hang Seng traded 0.9 percent higher at 24,811.25 points. Taiwan shares added 2.9 percent to 9,802.13 points.



Commodities Recap

Crude Oil prices surged for the first time in three days, however, rising supply and concerns over the outlook for demand limited the upside. International benchmark Brent crude was trading 0.1 percent up at $76.32 per barrel by 0504 GMT, having hit a low of $75.09 on Tuesday, its lowest since August 24. U.S. West Texas Intermediate was trading 0.1 percent up at $66.36 a barrel, after falling as low as $65.37 on Tuesday, its lowest since August 21.

Gold prices slumped to a 3-week low as the greenback touched multi-month highs on robust U.S. economic data and on concerns over an escalation in the U.S.-China trade war. Spot gold was down 0.4 percent at $1,217.43 an ounce at 0510 GMT, having touched a low of $1,215.45 earlier, its lowest since Oct. 11. U.S. gold futures fell 0.3 percent to $1,222.20 an ounce.













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