USDJPY 107.18 | EURUSD 1.09592 | AUDUSD 0.67072 | NZDUSD 0.62612 | USDCAD 1.33268 | USDCHF 0.99692 | GBPUSD 1.2301 |
LMAX highs and Lows 05.00 GMT
Highs | Lows
EURUSD 1.09648 | 1.09549
USDJPY 107.211 | 106.964
GBPUSD 1.23149 | 1.22856
USDCHF 0.99810 | 0.99623
AUDUSD 0.67195 | 0.6704
USDCAD 1.33338 | 1.33174
NZDUSD 0.62733 | 0.62589
EURCHF 1.09310 | 1.09204
EURGBP 0.89168 | 0.89037
EURJPY 117.539 | 117.253
- GBP: Another slow day with the market moving around the 1.2300 level with very little conviction, making the high on the move into the Tokyo session testing to the 1.2310 level before returning to the figure level, the market dipped through the level and spent a good proportion of the day holding just below the level before lifting up above for the move through to the grey hour. Downside bids cleared a little through to the 1.2210 area with strong bids likely to remain in play before weak stops likely on a push through the 1.2200 areas and opening up a deep move through to the 1.2100 area before support is likely to reappear, topside offers cleared through to the 1.2340 areas with resistance through the sentimental 1.2350 areas with weakness likely to continue through to the 1.2380-1.2400 areas where stronger offers likely.
- JPY: Quiet opening saw the market running into the Tokyo session holding the 107.20 level before dipping through to test the 107.00 level on limited supply for the Tokyo fix, with the fix over with the market made steady inroads to test back to the 107.20 level through into the grey hour, Topside offers light through to the 108.50 areas with limited resistance through the level but increasing on any move towards the 108.80-109.00 area with weak stops limited above the 109.20 areas. Downside bids into the current lows and then some limited congestion through to the 107.40 areas before the support starts to increase through to the 107.00 level, weak stops on a move through is likely to find congestive bids throughout the 106 handle and certainly difficult to move through.
- AUD: A slow rise on the move into the Tokyo session saw the market lifting off the 0.6705 area and pushing through to range around the 0.6715 level through to the grey hour, Downside bids through to the 0.6680 level with weak stops likely on a dip through the 0.6670 level with congestive bids then likely to be patchy but centred around the sentimental 50/00 areas, topside offers light through to the 68 cents level before stronger selling is likely to appear even a push through the 0.6820 area and weak stops are likely to find sellers willing to move in on the moves.
- EUR: A quiet ranged through to the Tokyo session with a minor push higher however, the range was limited to a few pips only through the bulk of the session unable to push beyond the 1.0965 level and then slipping slowly through to test the 1.0955 level towards the grey hour, Topside offers likely to be weak on any move through to the 1.1000 areas with congestion around the 1.1020 level and weak stops just beyond the level and opening the market through to the 1.1040-60 areas where congestion is likely, stronger offers then appear on any push through the 1.1080-1.1100 levels. Downside bids through the yesterday’s lows and then increasing as the market moves towards the 1.0890-70 areas, with stops likely on any dip through the 1.0880 areas and opening a longer-term downside move with some congestion around the 1.0860-40 areas and then increasing on any move to the 1.0820-00 areas.
Hong Kong studies curfew to contain violent protests – BBG
Fed will likely cut rates again, but it won’t have much impact on the economy – CNBC
US set to announce 10-25% duties on European products Wednesday – BBG
USTR: To target Single malt Irish and Scotch whiskies in EU Aircraft tariff list – BBG
USTR: UK made sweaters, pullovers, cashmere items, wool clothing on tariff list – BBG
USTR: Tariff list targets German tools, welding machinery, camera lenses, coffee – BBG
USTR: Tariff targets wine and olives from France, German, Spain and UK – BBG
USTR: Tariff list targets Cheese from most EU countries with 25% tariff – BBG
German growth outlook dims on waning export demand, trade spats – BBG
PM BoJo will suspend parliament from 8-14 for Queens speech containing plans for coming year – PTI
Actual – A | Consensus – C | Previous – P | Revised R | all timings GMT/UTC
2330 AUD AiG Performance of Service Index (SEP) A 51.5 | P 51.4
0230 AUD Trade Balance (AUG) A | C A$6100m | P A$7268m
0930 GBP Markit/CiPS UK Composite PMI (SEP) C 50 | P 50.2
0930 GBP Markit/CiPS UK Services PMI (SEP) C 50.3 | P 50.6
1000 EUR Eurozone Retail Sales YoY (AUG) C 2.0% | P 2.2%
1330 USD Continuing Claims (SEP21) C 1654k | P 1650k
1330 USD Initial Jobless Claims (SEP28) C 215k | P 213k
1500 USD ISM Non-Manufacturing/Services Composite (SEP) C 55.1 | P 56.4
1500 USD Durable Goods Orders (AUG F) P 0.2%
1500 USD Factory Orders (AUG) C -0.2% | P 1.4%
- GBP: Opening around the 1.2310 areas the market drifted through into the Tokyo session falling back to the 1.2285 areas and while early trading in Tokyo saw the market pushing the 1.2300 level again but after a few hours of quiet trading the market drifted lower through to the grey hour testing through to the 1.2280 level and then dropping at a quicker pace into the London opening touching the 1.2250 level before recovering a little and the UK construction number put paid to that rally with a sharp move through to the 1.2225 areas before holding for a couple of hours and then steadily pushing through into the NYK session rallying towards 1.2300 level, as Boris Johnson revealed his Brexit plan with mixed reviews and most of the negative coming from the EU but after some initial nervousness the market rallied through the early part of NYK pushing through to the 1.2325 areas before eventually drifting back to the figure for a long run to the close.
- JPY: Initially quiet through the early part of the day trading from the opening around the 107.75 level and testing through to the 107.65 level before starting a slow climb through to test the 107.90 level and holding above 107.80 through to the London opening, stronger selling in London push the market through to the 107.60 level and the market held for several hours before giving up the level on a slow push to the 107.50 area for the move into the NYK session however, the sellers continued through NYK and the market slowly traded through to the 107.05 level before finding a base and finishing the day holding around the 107.20 level through to the close.
- AUD: Pushing steadily higher from the opening the market tested through to the 0.6720 areas before holding through to the London session and the appearance of the sellers and by mid-morning in London the market was extending its offers through the 0.6680 level and the weak stops cleared to just above the 0.6670 level before finding a base and starting a low steady climb through into the NYK session and running back to the opening levels to finish the day very little changed on the day.
- EUR: Running quietly through the early part of the session some light buying on the move into early Tokyo saw the market pushing lightly above the 1.0940 level before drifting through the balance of the Asian session, early London were sellers and the move through to midmorning in London saw the market testing the 1.0905 areas before starting a slow steady recovery through the balance of the day edging through to the 1.0960 levels before holding around the level on a long run to the close.
Yesterday’s Premiership results
JPY Monetary Base End of period (SEP) A ¥520.4t | P ¥515.9t
JPY Consumer Confidence Index (SEP) A 35.6 | P 37.1
CHF CPI Core YoY (SEP) A 0.4% | C 0.4% | P 0.4%
CHF CPI EU harmonized YoY (SEP) A 0.1% | P 0.5%
CHF CPI YoY (SEP) A 0.1% | C 0.3% | P 0.3%
GBP Markit/CIPS UK Construction PMI (SEP) A 43.3 | C 45.0 | P 45.0
USD MBA Mortgage applications A 8.1% | P -10.1%
USD ADP Employment Change (SEP) A 135k | C 140k | P 195k
USD DOE US Crude Oil Inventories (SEP 27) A 3104k | C 1539k | P 2412k
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.