USDJPY 106.946 | EURUSD 1.10343 | AUDUSD 0.68147 | NZDUSD 0.63727 | USDCAD 1.32306 | USDCHF 0.98598 | GBPUSD 1.23306 |
LMAX highs and Lows 05.00 GMT
Highs | Lows
EURUSD 1.10382 | 1.10299
USDJPY 107.100 | 106.876
GBPUSD 1.23472 | 1.23219
USDCHF 0.98732 | 0.98506
AUDUSD 0.68232 | 0.68076
USDCAD 1.32325 | 1.3209
NZDUSD 0.63904 | 0.63696
EURCHF 1.08922 | 1.0876
EURGBP 0.89549 | 0.89447
EURJPY 118.177 | 117.944
- GBP: A quiet session but not surprising given the US data later today, opening around the 1.2330 level the market tested to the 1.2340 level to make the high for the day before drifting and holding through the balance of the session around the 1.2325 areas for the grey hour, Topside congestion through the 1.2360 areas with increasing congestion on the approach to the 1.2400 level with stronger offers on a test through the level with limited stops with offers increasing from the 1.2450 area through to the 1.2500 level, light bids through to the 1.2250 area with reforming congestion on any dips through the level and into the 1.2200 level, any push through the level will likely see weakness quickly appearing until closer to the 1.2100 level and the downside if there is strong selling suspect and open through to the recent lows.
- JPY: UDJPY saw some gyrations around the open before moving off the 106.90 level and slowly rising through to the 107.10 level before dipping back and slowly moving back to the highs to hold quietly for several hours, the move to the grey hour saw the market drifting back and holding around the figure level, Downside bids starting to light through the 106.00 level but some congestion through to the 105.80 areas before firming up around the 105.00 areas and increasing on any move to the 104.50 level with stops likely to not appear until through the 104.00 level and the likelihood of buyers willing to buy into any dips, Topside offers through to the 107.50 level before stronger congestion appears with limited potential to squeeze to the 108.00 level, a break through the level should see stops appearing and the market able to squeeze 108.40-60 areas before stronger offers appear.
- AUD: A slow drift from the opening around the 0.6815 level testing to only the 0.6810 level and holding around the 0.6815 areas through to mid-session, the market dipped a little through the lows before starting a steady rally through the balance to the session to push through the 0.6820 level before holding around the level through into the grey hour, downside bids likely to reforming around the 0.6700 areas and increasing through to the 0.6680 level, a break through the level is likely to see weak stops appearing and the market open to a larger move over the long run however, a dip into the 0.6620 area will again see strong bids appearing, Topside offers still remain in the area around the 0.6825 areas with a push through to the 0.6830 level with congestion then appearing through the 0.6840 level but becoming weaker until the stronger offers into the 0.6880 areas and through onto the 69 cents level.
- EUR: Another quiet session for the Euro with the market drifting to the 1.1030 level before returning to the opening levels around the 1.1035 area for the move to the grey hour, downside bids into the 1.0920 level and likely to continue through to the 1.0880 level however, congestion is then likely to start increasing as the market moves into the mid ranges from 2015-16 with limited bids until 1.0800,Topside offers through the 1.1040-60 area with increasing congestion on a test to the 1.1100 areas, weak stops likely on a break of the 1.1120 level and the market then running to weaker congestion into the 1.1140-60 and increasing on any move to the 1.1180 level.
ANZ Sees RBA cutting key rate to 0.25% with cuts in Nov, Feb, May
UK Labour’s Corbyn discusses Oct 29 election plan with SNP – BBG
UK’s Boris Johnson says he would rather be dead in a ditch than ask for another Brexit delay – BBG
The Beijing leadership believes it has taken a bold step; protesters say they will continue their fight – Nikkei
China, US must implement top leaders’ consensus in talks – Xinhua
Fitch downgrades Hong Kong as doubts over governance rise – BBG
Actual – A | Consensus – C | Previous – P | Revised R | all timings GMT/UTC
AUD AiG Performance of Construction Index (AUG) A 44.6 | P 39.1
JPY Overall Household Spending (YoY) (JUL) A 0.8% | C 0.8% | P 2.7%
JPY Real Cash Earnings (YoY) (JUL) A -0.9% | C -0.7% | P -0.5%
JPY Labour Cash Earnings (YoY) (JUL) A -0.3% | C 0.1% | P 0.4%
JPY Leading Index CI (JUL P) A 93.6 | C 93.2 | P 93.3
JPY Coincident Index (JUL P) A 99.8 | C 100.7 | P 100.4
06:00 EUR German Industrial Production n.s.a. and w.d.a. (YoY) (JUL) P -5.2%
08:30 GBP BoE/TNS Inflation Next 12 Mths (AUG) P 3.1%
09:00 EUR Euro-Zone Government Expenditure (QoQ) (2Q) C 0.3% | P 0.1%
09:00 EUR Euro-Zone Gross Domestic Product s.a. (QoQ) (2Q F) C 0.2% | P 0.2%
09:00 EUR Euro-Zone Gross Domestic Product s.a. (YoY) (2Q F) C 1.1% | P 1.1%
12:30 CAD Full Time Employment Change (AUG) C 17.5 | P -11.6
12:30 CAD Net Change in Employment (AUG) C 20.0k | P -24.2k
12:30 CAD Hourly Wage Rate Permanent Employees (YoY) (AUG) C 4.5% | P 4.5%
12:30 CAD Unemployment Rate (AUG) C 5.7% | P 5.7%
12:30 USD Change in Non-farm Payrolls (AUG) C 160k | P 164k
12:30 USD Change in Private Payrolls (AUG) C 150k | P 148k
12:30 USD Unemployment Rate (AUG) C 3.7% | P 3.7%
12:30 USD Average Hourly Earnings (YoY) (AUG) C 3.0% | P 3.2%
12:30 USD Average Weekly Hours All Employees (AUG) C 34.4 | P 34.3
17:00 USD Baker Hughes U.S. Rig Count (SEP 6) C 898 | P 904
- GBP: Drifting from the opening around the 1.2250 areas and testing through to the low 1.2230 areas before steadying and moving through to the London session on a steady attempt to recapture the 1.2250 area, early sellers into the grey hour saw the market make the lows for the day into the London opening, holding for a brief period the market started a steady climb with nothing really new from either the Government or opposing MP’s to trade through to the 1.2280 level, a brief pause before renewing the rally and a push through the 1.2300 level triggering weak stops an a push through to the 1.2350 area and the high for the day before moving into NYK and slipping a little lower and maintaining a range around the 1.2330 level through to the close.
- JPY: A quiet move through the early part of the Tokyo session, quickly rising in mid-session saw the opening levels and lows around 106.35 areas, and testing to the 106.75 level before drifting back steadily through to the London session, a slow start in London saw the USDJPY slowly moving higher and for the move into the NYK session and a quick move higher through to the 106.90 level on the opening, the market held around the level for a short period with slightly better US numbers and running quickly through to the 107.20 level before dropping back and holding to the close around the 107.00 area.
- AUD: A slow rise from the 0.6795 area opening saw the market testing into the 0.6805 level better GDP numbers saw the market rising quickly through to the 0.6825 levels and the highs for Asia with a slow drift to the 0.6815 level for the move into the grey hour with further selling through the 0.6810 areas holding quietly through to midmorning in London before again testing towards those highs quietly, the move into the NYK session saw a limited sell off and then a quick rise to spike through to the 0.6830 and failing to push through to the 0.6840 the market dropped quickly back through to the 0.6810 level and while there was some improvement the market held around the 0.6815 through to the close in tight trading.
- EUR: Euro’s did very little through the Asian session opening around the 1.1030 areas before moving quietly through into the Tokyo session, midsession saw light selling moving in and the market drifting through into the grey hour making the lows just before London around the 1.1020 areas before starting a steady rally, one assumes that the market believes that no deal Brexit is drifting away, the market pushed through to the opening in NYK testing just above the 1.1060 level and after a brief pause rallied through to push lightly through the 1.1080 before dropping quickly back to the 1.1050 and then a steady drift through to the close of the day holding in the mid 1.1035 level.
Yesterday’s Premiership results
AUD Trade Balance (JUL) A A$7268m | C A$7000m | P A$7977m
CHF Gross Domestic Product (QoQ) (2Q) A 0.3% | C 0.2% | P 0.6%
CHF Gross Domestic Product (YoY) (2Q) A 0.2% | C 0.9% | P 1.7% | R 1.0%
EUR German Factory Orders n.s.a. (YoY) (JUL) A -5.6% | C -4.2% | P -3.6% | R -3.5%
EUR Markit Germany Construction PMI (AUG) A 46.3 | P 49.5
MXN Consumer Confidence Index (AUG) A 43.4 | C 103.6 | P 105.1
USD ADP Employment Change (AUG) A 195k | C 149k | P 156k | R 142k
USD Initial Jobless Claims (AUG 31) A 217k | C 215k | P 215k | R 216k
USD Continuing Claims (AUG 24) A 1662k | C 1688k | P 1698k | R 1701k
USD Factory Orders (JUL) A 1.4% | C 1.0% | P 0.6%
USD Durable Goods Orders (JUL F) A 2.0% | C 2.1% | P 2.1%
USD ISM Non-Manufacturing/Services Composite (AUG) A 56.4 | C 54.0 | P 53.7
USD DOE U.S. Crude Oil Inventories (AUG 30) A -4771k | C -2680k | P -10027k
Any opinions, news, research, analyses, prices or other information contained on this Blog, whether by LMAX, its employees, partners or contributors, does not constitute investment advice nor has it been prepared in accordance with legal requirements designed to promote the independence of investment research. Further, the material contained within this Blog does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of, or solicitation for, a transaction in any financial instrument. Whilst information provided on this Blog may help with your investment research you must consider carefully whether you should make (or refrain from making) investment or other decisions based on what you see without doing further research on the investments you are interested in. Participating in this Blog cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you. LMAX has not verified the accuracy or basis-in-fact of any claim or statement made by any third parties as comments for every Blog entry.
LMAX will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. No representation or warranty is given as to the accuracy or completeness of the above information. While the material produced in this Blog was obtained from sources deemed to be reliable, LMAX does not provide any guarantees about the reliability of such sources.
Consequently, any person acting on it does so entirely at his or her own risk.
If you currently hold an account with LMAX for the purposes of trading FX and CFD’s, you are encouraged to use a different Username and Password to access the Blog or any other online systems. The Blog is a place to learn, discuss and share information and ideas with Blog followers. It is not a place to slander, use unacceptable language or to promote LMAX or any other FX, Spread Betting and CFD provider and any such postings, excessive or unjust comments and attacks will not be allowed and will be removed from the site immediately.