Global Markets:
- Asian stock markets: Shanghai up 2.40 %, Hang Seng rose 1.25 %, ASX fell 0.70 %
- Commodities: Gold at $1157.80 (+1.20 %), Silver at $15.83 (+0.40 %), WTI Oil at $50.00 (+1.15 %), Brent Oil at $53.25 (+0.60 %)
- Rates: US 10 year yield at 2.09, UK 10 year yield at 1.86, German 10 year yield at 0.614
News & Data:
- New Zealand REINZ House Sales (YoY) Sep: 38.3% (prev 41.7%)
- Swiss Central Bank Sees Low Risk Of Downward Wage & Price Spiral — RTRS
- OPEC Sec-Gen Al Badri Sees Oil Demand Growth, Hopeful For Market Balance In 2016 — BBG
CFTC Positioning Data:
- EUR short 89K vs 88k short prior week.
- GBP short 4K vs. 2K short prior week
- JPY short 18K vs. 22K short prior week.
- CAD short 35K vs. 42K short prior week.
- CHF short 4K vs 3K short prior week.
- AUD short 41K vs. 49K short prior week
- NZD short 1K vs. 3K short prior week
Markets Update:
It was a quiet start into the new trading week, with no notable data releases or events in the Asian session. Overall, the USD weakened slightly, while the Aussie Dollar and the Euro were the top performing currencies. Asian equity markets are mostly higher, with only the ASX lower on the day. The Nikkei was closed for a holiday and USD/JPY was caught in a tight range as well.
Upcoming Events:
- 13:10 BST – FOMC Member Lockhart speaks
- 18:20 BST – Bank of Canada Governor Poloz speaks
- 22:40 BST – RBA Assistant Governor Lowe speaks
The Week Ahead (Key Data/Events):
Tuesday, October 13th
- 01:30 BST – Australia NAB Business Confidence
- 03:30 BST – Chinese Trade Balance
- 07:00 BST – German CPI
- 09:30 BST – UK CPI
- 10:00 BST – German ZEW
Wednesday, October 14th
- 02:30 BST – Chinese CPI
- 09:30 BST – UK Claimant Count Change
- 09:30 BST – UK Unemployment Rate
- 09:30 BST – Average Earnings
- 13:30 BST – US PPI
- 13:30 BST – US Retail Sales
Thursday, October 15th
- 01:30 BST – Australian Employment Change
- 01:30 BST – Australian Unemployment Rate
- 13:30 BST – US CPI
- 13:30 BST – US Initial Jobless Claims
- 13:30 BST – US NY Empire Manufacturing Index
- 15:00 BST – US Philadelphia Fed Manufacturing Index
- 22:45 BST – New Zealand CPI
Friday, October 16th
- 10:00 BST – Euro Zone CPI
- 10:00 BST – Euro Zone Trade Balance
- 14:15 BST – US Industrial Production
- 14:15 BST – US Manufacturing Production
- 15:00 BST – US JOLTs Job Openings
- 15:00 BST – US Michigan Consumer Sentiment
