- European Central Bank President Christine Lagarde speaking Friday
- China's official September PMIs are due over the weekend - expected to improve
- AUD traders - heads up for Australian markets switching to daylight saving this weekend
- Australian August Private Sector Credit +0.4% m/m (expected +0.3%)
- Hardline faction of US GOP plotting another coup - to depose Leader McCarthy next week
- US core PCE inflation data is due Friday, 29 September - the numbers to watch
- RBA policy meeting next week - on hold expected
- Japan data: August retail sales +7% y/y (+6.6% expected), industrial output beats also
- More from Fed's Barkin: Some slow down needed to lower inflation
- All Tokyo area September CPI data comes in way above the 2% BOJ target rate. Again.
- UK business confidence dropped back to 36 in September vs. 41 in August
- Fed's Barkin: FOMC has time to see data before deciding what's ahead 4 rates, watching CPI
- ICYMI - ECB big gun Nagel says may be more rate hikes on the way if data indicates a need
- HSBC see further losses for EUR/USD and GBP/USD for the month ahead - like JPY better
- China PMI data is due over the weekend - the country is "suffering a confidence shock"
- New Zealand consumer confidence up in September, inflation expectations down
- Goldman Sachs not concerned that strikes could re accelerate wage growth, boost inflation
- Forexlive Americas FX news wrap: Dollar slumps as yields turn lower
- Bill Ackman says inflation will be persistently high, 10 & 30 year USTs can hit 5%
- Governance-challenged US lurches to shutdown. But Senate agrees to wear long pants. Really
- NASDAQ and S&P close higher for the 2nd consecutive day
- Biden administration 5-year off shore oil plan does not include any lease sales for 2024
- No comments on monetary policy in Powell's initial remarks
- Trade ideas thread - Friday, 29 September 2023
With yields, the USD, and the oil price dribbling back a little it was a promising day for regional equities and also ‘risk’ FX. AUD and NZD rallied, as did GBP and EUR. USD/CAD traed up to 1.3505 before dropping back to where it began the session around 1.3485.
USD/JPY traded a little higher, the threat of intervention is holding the pair back from approaching too closely to 150.
News flow was very light.
The data point of focus was Tokyo September CPI, with all three indications sitting still solidly above the Bank of Japan 2% target, although on the other hand all three dipped a little from the previous month’s results.
China began its long holiday today, markets will be closed there next week. We will, however, get the National Bureau of Statistics (NBS) official PMIs for September published over the weekend. Speaking of the weekend, if you trade Australian markets please note relevant areas of the country will roll onto daylight saving time on Sunday.
USD/CAD round trip:
