The weekend (de)press(ing) and a few FX opening rates
Welcome to September, I hope you all had a peace- and restful weekend.
No joy in the weekend press as per below but we’re starting to get used to that aren’t we. If you want to enjoy the Sunday night, read it tomorrow…
RBA and BOC will spice up the economics week with plenty of PMI’s to start. As usual for the first week of each month we will go crescendo for the North America’s to close with the employment reports after a lazy start for them, having Labour day off tomorrow.
Rest assured (geo)politics to throw it all upside down a number of times again as Trade(hopefully it stays to trade in the Middle East) wars are now well underway.
-Brexit: May stands firm on her Brexit plan, but scepticism persists
-Brexit: Senior Conservative lawmaker calls May’s plan ‘humiliation’.
-Brexit : EU Barnier: Deal still possible, we need political decisions.
-Brexit: EU Barnier strongly opposed to PM May’s Chequers plans. This one could force GBP a bit lower on the real open.
-Trump on Canada and his own congress, the pressure’s on. What’s Lighthizer’s leeway on Wednesday’s meeting with Canada really?
-Russia multiplies accusations towards US building up forces on Syrian soil.
-In the meantime Russia, Turkey and Iran to hold a meeting on Syria on Sept 7th. Another one calling for tweets…
-Some more on Iran
-Uncertainty over Japanese interest rates:BOJ’s next steps will likely be influenced more by economic movements than by prices.
–China puts brakes on auto investment to ease capacity glut.
– Xi continues to work on his reforms and for a global world economy .
–Large Asian Trade deal to be signed in November, according to Singapore.
-Italian reaction to Fitch’s outlook revision to negative: Italian people first.
-Uncertainty everywhere: U2 cancels concert in Berlin over Bono’s voice.
Here are a few very early FX indicative rates, illiquid as you like for now. I’ll put some more once the electronic markets are open. I reckon risk should remain on the heave side of things as they get underway.
EURUSD 1.1610
USDJPY 110.95
EURJPY 128.83
GBPUSD 1.2940
EURGBP 0.8968
USDCAD 1.3037
USDCHF 0.9685
EURCHF 1.1243
- #Canada #Employment report preview. - November 5, 2021
- Rotation, ROTATION! - November 24, 2020
- $CNH living on hopium? Big week for the Yuan this. - January 13, 2020
Think I’ll do away with all kinds of deep digging analyses (including my own).
Gonna trade what I see happening.
Your listing above sums it up nicely …
Stay focused and nimble this week and there’s plenty of profit to be made this week, mostly (fading) medium-short stints on G-Pol/E-Pol headline spikes/dips.
Edit: Wait a moment, what’s going on with the site’s format ?
Are you guys tweaking ?
Hi AGP ,
Sorry delay, I must have gone to dreamland already when you commented.
I reckon there was a small glitch with the site last night as I had a few questions about it. Hopefully all back to normal now.
Short term range trading is making points these days indeed. That’s where we can benefit from algo’s brainless reactions to words in headlines, dragging in some FOMO traders, giving decent levels to trade inside the comfortable trading range.