WEEKLY HIGH IMPACT NEWS: 4-Oct Tues
03:30 AU- Reserve Bank of Australia Decision
08:30 GB- Construction PMI 5-Oct Wed
All Day Service PMIs
12:15 US- ADP Payrolls
14:30 US- EIA Crude 6-Oct Thu
06:15 CH- CPI
12:30 US- Weekly Jobless 7-Oct Fri
08:30 GB- Trade
12:30 CA/US- Employment
Trading Themes--
The first trading day of each new month sees the release of global manufacturing PMIs. In general, they are improving very modestly. The Japanese quarterly Tankan survey was a disappointment, but had little impact on the JPY.
The GBP is trading lower on word from PM May that the she is targeting late March 2017 for invoking Article 50 for Brexit. The UK will then have two years from that date to complete its separation from the EU. Trading Monday was subdued due to the Jewish New Year and local holidays in China and Germany. China is closed all week for Golden Week observances.
Concern over the fate of Deutsche Bank eased as the day wore on Friday following an uncorroborated press report that the DOJ was in negotiations to reduce its fine to the for the mortgage-backed bond crisis to $5.4bln. So far, that story still has not been confirmed.
Tuesday sees the latest Reserve Bank of Australia policy decision, and the release of UK Construction PMI data.
WEEKLY HIGH IMPACT NEWS: 4-Oct Tues
03:30 AU- Reserve Bank of Australia Decision
08:30 GB- Construction PMI 5-Oct Wed
All Day Service PMIs
12:15 US- ADP Payrolls
14:30 US- EIA Crude 6-Oct Thu
06:15 CH- CPI
12:30 US- Weekly Jobless 7-Oct Fri
08:30 GB- Trade
12:30 CA/US- Employment
Trading Themes--
A Wikileaks announcement from Julian Assange is expected today at 09:00 GMT. Chatter is that it could include negative information about Hillary Clinton, the "October Surprise". We will see.
The focus is now turning towards U.S. September employment data at week's end. Street estimates are for a gain of about 170K in the month after the +151K gain in August. Any reading roughly around +180K will keep a December rate hike in the frame. Wednesday will see the ADP private jobs survey. It is expected to increase +170K vs. +151K in August. Unfortunately it is not a reliable predictor of Non-Farm payrolls in any given month, but it is closely followed in any case.
The GBP is trading lower again on ongoing worries about the impact of Brexit onthe U.K. economy. Nevertheless, recent data and sentiment have not been terribly disappointing. Furthermore, the recent decline in the GBP has been providing an economic stimulus.
Trading is returning to normal today after a subdued session Monday due to the Jewish New Year and local holidays in China and Germany. China is closed all week for Golden Week observances. No change in rates by the Reserve Bank of Australia was as expected.
I am not positive about the timing of the Wikileaks announcement or if there is something reliable or of any substance coming out.
GVI Trading john bland 09:21:36 GMT - 10/04/2016
Amazing Trader charts updated on your systems EMAIL If you would like a free in-depth look at this new trading tool.
jkt abel 09:47:36 GMT - 10/04/2016
cable is a bit overdone for today, bounce a bit won't harm IMO
LONDON SFH 09:55:25 GMT - 10/04/2016
I agree abel-been picking levels to long last couple of days as day trades and not been able to make anything-long again today at 1.2740-will buy on further dips hoping to make a big figure...
bali sja 09:57:27 GMT - 10/04/2016
sorry to spoil it but a close below 1.2780 today is a big no no for buyers
jkt abel 10:00:24 GMT - 10/04/2016
sja, latecomer sellers will be punished, that's the way
see you in NY
nw kw 10:02:19 GMT - 10/04/2016
ill take that long gbpaud support
london red 11:37:58 GMT - 10/04/2016
cable 1.20 folks and probably towards parity. keep that in mind and sell the pullbacks. nearterm some barriers on way dwn to psychological 125. likely 127/126/12550 and 125 which might hamper but wont change lt trend. rebounds may be limited now to 131xx. one off blackswan scenarios may take it higher but will stay below last high 134xx. in any case use the rebounds to re-establish shorts.
close below 128 keeps pressure on but as we approach mid/end of wk thoughts will turn to nfp and selling likely to subside until data released.
Kl Fs 11:48:29 GMT - 10/04/2016
Red, do you see eur's downside more limited than gbp?
GVI Trading john bland 11:56:49 GMT - 10/04/2016
DAX +59
DJ +17
SP +1
10-yr 1.615% -0.9bp
Bali Sja 12:24:27 GMT - 10/04/2016
Thanks red. Will keep all my cable short for 1.20. Adding on bounces for daytrading fun.
Livingston nh 12:28:32 GMT - 10/04/2016
FTSE new highs as Pound hits new lows - over the next year the markets may come to realize that "nimble" in foreign affairs, fiscal policy and trade is an asset - Brexit offers that to UK -- faced with multiple issues EU's more ponderous nature will cause it to suffer at least some critical blows
- the EUR will respond poorly
_____
The non-political Fed is faced w/ the VERY political decision to avoid any move in November -- some members of the FOMC are pushing the issue center stage // Evans' speech will be the Brainard Cabal response
_____
Today may be the calm before the storm
london red 12:36:39 GMT - 10/04/2016
ks euro (and more so yen) is more susceptible to dwnside on a better nfp/ahe this friday than often is the case. usd longs overall are a lot lower than average. but of course we do need to SEE those better numbers first. however pre nfp dont think well see a close below 11115/20. youd probably want to fade a dip dwn there all things being equal.
Livingston nh 12:37:07 GMT - 10/04/2016
With USD/JPY sneaking higher the charts for USD/SGD and USD/KRW (especially) worth a look // TRY may be saying Erdogan is going to call Merkel's hand
Livingston nh 15:17:30 GMT - 10/04/2016
Stox and bonds dropping - SPX 2151 gap from Friday first tgt - been choppy but vix not responding much yet
Kl Fs 12:39:09 GMT - 10/06/2016
Deflationary world sends gold to below 1000 maybe
Livingston nh 13:46:22 GMT - 10/06/2016
Treasurys and Gilts are getting hit - STOX trying to fill yesterday's opening gap -- USD/JPY rallies back above daily 89EMA for first time since January
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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