#FedSpeeches

[cambcurrencies]

Currency and Market Overview: EUR/USD, Fed Speeches, PPI Data

Market Overview: October 21, 2024 Today’s focus is on producer prices from Germany, followed by speeches from the Federal Reserve, and trade balance data from New Zealand later in the day. Get a Free Quote Key Data Points Germany’s Producer Price Index (PPI) for September showed a decline of -0.5% on a month-on-month basis, which is below the consensus of a 0.2% increase. This signals…

[brandonfullers]

Macro Events & News

FX News Today

Japan remained closed for holidays.

Elsewhere, China’s April services PMI is due, seen at 54.5 from 54.4.

In the region risk aversion spiked after US President Trump issued threats of new tariffs on imports from China in a bid to up the pressure in trade negotiations.

Chinese Vice Premier Liu He is scheduled to return to Washington for trade talks on Wednesday, but after Trump’s threat China is now considering to cancel this week’s round of talks.

China’s April services PMI is due, seen at 54.5 from 54.4.

North Korea launched missiles over the weekend, which potentially included the first ballistic missile launch since 2017 this saw investors heading for safety.

The Treasury futures rallying, yields across Asia plummeting sharply and stocks selling off.

Australia’s 10-year bond yield fell nearly 5 bp amid the general flight for safety and as markets position for a rate cut ahead of tomorrow’s RBA decision.

US futures are posting losses in the region of 1.8-1.9%.

The front end WTI future is trading at USD 60.45 per barrel.

Charts of the Day

Technician’s Corner

EURUSD retested 1.1200 highs, up from 1.1135 lows seen immediately after the US jobs report. The Dollar overall took a hit on Friday and again today. Though the pair closed the week with modest gains (bullish weekly candle), it remains well off of Wednesday’s high of 1.1265 and within the lower BB area, while intrday indicators have been flattened suggesting intraday consolidation. The Resistance comes in at 1.1228, the 20-day MA and Support at 1.1166. As the US economy in a solid growth with low inflation sweet spot, the EURUSD is seen following the 1-year downchannel forming lower highs and lower lows.

AUDUSD fell below the round 0.7000 level below to recover yesterday. As Bollinger bands extend southwards and momentum indicators are sloping towards oversold barrier, another negative session along with the continuation of lower highs , implies to the move towards 0.6800-0.6900 area.

Main Macro Events Today

Markit Composite PMI and Retail Sales (EUR, GMT 08:00-09:00) – The EU Composite PMI is expected to remain at the three months low of 51.3 in April, while Retail Sales are forecast to slip to 0.1% m/m in March, with annual rate decelerating to 2.3% y/y from 2.8% y/y.

Fedspeeches – Fed reports its Senior Loan Officer Survey. Fed President Harker discusses the economic outlook.

Andria Pichidi

Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Macro Events & News published first on https://alphaex-capital.blogspot.com/

[cambcurrencies]

Market Overview: Key Updates on UK Inflation & Currencies - Oct 16

Market Overview: October 16, 2024 Today’s market is driven by key data releases, shifts in commodity prices, and insights from the European Central Bank. Recent UK CPI figures indicate soft inflation, which could influence the Bank of England’s approach to monetary policy. Read more for detail. Get a Free Quote Key Data to Watch GBP Data: UK Inflation Consumer Price Index (CPI) MoM & YoY…

[cambcurrencies]

October 15 Market Update: UK Employment, Oil Prices, and Global Data

Market Overview: October 15, 2024 Today’s market sees a variety of releases from the UK, Europe, and North America. Here’s a summary of key movements and economic data for today. Get a Free Quote Key Data to Watch UK Employment Data: UK employment showed a strong increase of 373K. This was well above expectations. The Claimant Count Change increased by 27.9K. This uptick in claimants signals…

[cambcurrencies]

October 14 Market Recap: Focus on Central Bank Speeches

Market Recap: October 14, 2024 Today’s market is shaped by data from Switzerland and China. There are also speeches from central bank figures in the UK, Europe, and the U.S. Get a Free Quote Key Data to Watch Fed Speeches (Kashkari, Waller): Fed officials, including Kashkari and Waller, are scheduled to speak later today. Markets will be keen to hear their views on inflation, interest rates,…

[cambcurrencies]

October 10 Market Update: CPI, Energy, & Currency Movements

October 10 Market Update: CPI, Energy, & Currency Movements Today’s markets are focused on indicators from central banks, inflation reports, and energy prices driving the markets. Keeping a close eye on inflation data, jobless claims, and industrial production. Get a Free Quote Key Economic Events to Watch CPI Data (U.S.):The U.S. Consumer Price Index (CPI) for September is scheduled for…

[cambcurrencies]

October 8, 2024: Oil Drops, Fed Speeches, and German Data Update

Market Recap: October 8, 2024 Today’s we’re seeing some shifts in energy and metals prices, along with industrial production figures coming in. Central bank officials are also giving speeches, offering insights that could impact market direction. Key Economic Events Germany’s Industrial Production: The August figures revealed mixed results. Year-on-year, industrial production fell by -2.7%,…

[cambcurrencies]

Eurozone Consumer Confidence, US Jobless Claims and GDP in Focus

Eurozone Consumer Confidence Expected Steady, US Jobless Claims and GDP in Focus First off, we’ve got the European Consumer Confidence Index for June coming out at 9:00 AM. The current forecast suggests that the index will stay at -14, which means that folks in the Eurozone are still feeling pretty pessimistic about the economy. Not the best news, but it’s important to keep an eye on these…

[cambcurrencies]

Central Bank Speeches and Oil Price Movements - October 22, 2024

Market Overview: October 22, 2024 Today’s markets are centered around key speeches from central banks. These include the ECB and the BoE. They may influence currency movements and broader economic expectations. Here’s a detailed look at what’s happening across them today: Get a Free Quote Key Data Points Central Bank Speeches: Several important speeches are lined up, including those…

[cambcurrencies]

UK House Prices Plunge; Inflation and Jobs Data Loom

UK Housing Market: Yesterday, According to Nationwide Building Society data, house prices in the UK are down 0.5% for June, a third time in a row. The annual increase rate has fallen to 1.2%, the lowest value since early 2021. Mounting interest rates and squeezed households were pointed to as some of the major factors impacting the upturn. European Data: At 10:00 AM, it will release the…

[cambcurrencies]

UK Nationwide Housing Prices & Global Manufacturing PMI

UK Data to Follow: This morning at 7:00 AM, Nationwide Housing Prices for June will be published. Previous month’s figure is 0.4 percent with a consensus of 0 percent and forecast expecting a cooling housing market at 0.2 percent this month. The final reading for June’s S&P Global Manufacturing PMI is scheduled for release at 9:00 AM. The prior reading came in at 51.2; the consensus and…

[cambcurrencies]

2024 Showdown: Biden vs. Trump in Presidential Debate

Sign in Register 2024 Presidential Debate: Trump vs. Biden Last night, President Joe Biden and former President Donald Trump faced off in their first presidential debate for the 2024 election cycle. The debate, hosted by CNN, was held in Atlanta without a live audience, a departure from traditional debate formats. Both candidates adhered to strict rules, including having their microphones…

[cambcurrencies]

BoE's Broadbent Hints at Rate Cuts Amid Global Economic Uncertainties

[cambcurrencies]

Japan GDP Contracts, Aus Employment Surges & Fed Speeches Awaited