Global Markets:

  • Asian stock markets: Nikkei up 0.49 %, Shanghai Composite down 0.36 %, Hang Seng lost 1.09 %, ASX 200 rose 0.1 %
  • Commodities: Gold at $1297.11 (-0.04 %), Silver at $16.98 (-0.03 %), WTI Oil at $50.52 (-0.28 %), Brent Oil at $56.35 (-0.12 %)
  • Rates: US 10-year yield at 2.25, UK 10-year yield at 2.35, German 10-year yield at 0.44

News & Data:

  • (JPY) Flash Manufacturing PMI 52.6 vs 53.4 expected
  • (EUR) French Flash Manufacturing PMI 56.0 vs 55.6 expected
  • (EUR) French Flash Services PMI 57.1 vs 59.0 expected
  • (EUR) German Flash Manufacturing PMI 60.6 vs 59.0 expected
  • (EUR) German Flash Services PMI 55.6 vs 53.8 expected
  • (EUR) Flash Manufacturing PMI 58.2 vs 57.2 expected
  • (EUR) Flash Services PMI 55.6 vs 54.7 expected
  • (CAD) CPI m/m 0.1 % vs 0.2 % expected
  • (CAD) Core Retail Sales m/m 0.2 % vs 0.4 % expected
  • (CAD) Common CPI y/y 1.5 % vs 1.4 % expected
  • (CAD) Median CPI y/y 1.7 % vs 1.7 % previous
  • (CAD) Retail Sales m/m 0.4 % vs 0.2 % expected
  • (CAD) Trimmed CPI y/y 1.4 % vs 1.3 % previous
  • Oil holds gains as producers say market rebalancing- RTRS
  • Japan Abe to order $17.8 billion stimulus package – Sources
  • North Korea’s A-Bomb Is Deterring U.S. First Strike, Russia Says

CFTC Positioning Data:

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  • EUR long 62K vs 86K long last week.
  • GBP short 10K vs 46K short last week.
  • JPY short 51K vs 57K short last week.
  • CHF short 1.5K vs 2K short last week.
  • CAD long 59K vs 50K long.
  • AUD long 72k vs 63k last week.
  • NZD long 7K vs 12K long last week.

Markets Update:

Asia-Pacific equity markets were mixed on Monday. Investors shrugged off weekend election results in Germany and New Zealand. Stocks in Australia and Japan rose on local drivers, whereas other Asian markets opened in Red weighed by concerns about China’s economy.

In spite of losing more seats than expected, Germany’s Incumbent Chancellor Angela Merkel will continue to lead the government as she is expected to manage to form government in coalition. For New Zealand, the result was more or less as expected, the incumbent National Party achieved the highest proportion of votes but came three seats short of an outright legislative majority.

EURUSD is currently seen trading around 1.19334 as the Euro slid 0.2 percent against the US Dollar. The Euro has spent much of the session today edging back higher to try to fill its ‘gap. The dollar index, which tracks the dollar against a basket of currencies rose 0.1 percent and is currently valued at 92.22

USDJPY had an active session early on Monday reaching as high as 112.54 following a disappointing Flash Manufacturing PMI, Price is seen trading at 112.24 as the yen currently stands 0.2 percent down against the US Dollar, kicking the week off on a down note after recording declines over the past two weeks. Japanese Prime Minister Abe is holding a news conference later today at 09: 00GMT – he is expected to announce an early election.

AUDUSD is currently seen Trading at 0.7964 trading up from its earlier lows below 0.7950. Notably, Australia’s S&P/ASX 200 was up earlier today on strength from big banks and mining companies. Meanwhile, The New Zealand Dollar dropped around 1 percent and is currently seen trading at 0.7263 against the US Dollar.

Upcoming Events:

  • 05:35 GMT – (JPY) Flash Manufacturing PMI
  • 05:35 GMT – (JPY) BOJ Gov Kuroda Speaks
  • 08:00 GMT – (EUR) German Ifo Business Climate
  • 12:30 GMT – (USD) FOMC Member Dudley Speaks
  • 13:00 GMT – (EUR) ECB President Draghi Speaks
  • 16:40 GMT – (USD) FOMC Member Evans Speaks
  • 21:15 GMT – (AUD) RBA Assist Gov Bullock Speaks
  • 21:45 GMT – (NZD) Trade Balance
  • 22:30 GMT – (USD) FOMC Member Kashkari Speaks​

The Week Ahead:

Tuesday, September 26th

  • 00:00 GMT – (NZD) ANZ Business Confidence
  • 06:00 GMT – (EUR) German Import Prices m/m
  • 08:30 GMT – (GBP) High Street Lending
  • 14:00 GMT – (USD) CB Consumer Confidence
  • 14:00 GMT – (USD) New Home Sales
  • 14:30 GMT – (USD) FOMC Member Brainard Speaks
  • 16:45 GMT – (USD) Fed Chair Yellen Speaks

Wednesday, September 27th

  • 08:00 GMT – (EUR) M3 Money Supply y/y
  • 12:30 GMT – (USD) Core Durable Goods Orders m/m
  • 12:30 GMT – (USD) Durable Goods Orders m/m
  • 14:00 GMT – (USD) Pending Home Sales m/m
  • 14:30 GMT – (USD) Crude Oil Inventories
  • 15:45 GMT – (CAD) BOC Gov Poloz Speaks
  • 18:00 GMT – (USD) FOMC Member Brainard Speaks
  • 20:00 GMT – (NZD) Official Cash Rate
  • 20:00 GMT – (NZD) RBNZ Rate Statement

Thursday, September 28th

  • All Day – (EUR) German Prelim CPI m/m
  • 06:35 GMT – (JPY) BOJ Gov Kuroda Speaks
  • 07:00 GMT – (EUR) Spanish Flash CPI y/y
  • 08:15 GMT – (GBP) BOE Gov Carney Speaks
  • 09:00 GMT – (AUD) RBA Assist Gov Debelle Speaks
  • 12:30 GMT – (USD) Final GDP q/q
  • 12:30 GMT – (USD) Unemployment Claims
  • 14:15 GMT – (USD) FOMC Member Fischer Speaks

Friday, September 29th

  • Tentative– (GBP) MPC Member Broadbent Speaks
  • 01:45 GMT – (CNY) Caixin Manufacturing PMI
  • 06:00 GMT – (EUR) German Retail Sales m/m
  • 07:00 GMT – (CHF) KOF Economic Barometer
  • 08:30 GMT – (GBP) Current Account
  • 08:30 GMT – (GBP) Final GDP q/q
  • 08:30 GMT – (GBP) Net Lending to Individuals m/m
  • 09:00 GMT – (EUR) CPI Flash Estimate y/y
  • 09:00 GMT – (EUR) Core CPI Flash Estimate y/y
  • 12:30 GMT – (CAD) GDP m/m
  • 12:30 GMT – (CAD) RMPI m/m
  • 12:30 GMT – (USD) Core PCE Price Index m/m
  • 12:30 GMT – (USD) Personal Spending m/m
  • 13:45 GMT – (USD) Chicago PMI
  • 14:00 GMT – (USD) Revised UoM Consumer Sentiment
  • 14:15 GMT – (EUR) ECB President Draghi Speaks
  • 14:45 GMT – (GBP) BOE Gov Carney Speaks
  • 15:00 GMT – (USD) FOMC Member Harker Speaks

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