USDJPY 109.049 | EURUSD 1.10219 | AUDUSD 0.6787 | NZDUSD 0.64236 | USDCAD 1.32714 | USDCHF 0.99734 | GBPUSD 1.28658 |
LMAX highs and Lows 06.00 GMT
Highs | Lows
EURUSD 1.10249 | 1.10094
USDJPY 109.175 | 109.014
GBPUSD 1.28734 | 1.28466
USDCHF 0.99818 | 0.9970
AUDUSD 0.67911 | 0.67721
USDCAD 1.32803 | 1.32693
NZDUSD 0.64329 | 0.64227
EURCHF 1.09969 | 1.09881
EURGBP 0.85733 | 0.85675
EURJPY 120.265 | 120.154
- GBP: A new poll suggests the Conservative lead slipping a little lower and the market opened around the 1.2860 level and after an initial test towards the 1.2870 level slipped through to the 1.2850 area for the move into the Tokyo session, the rest of the day saw the market holding quietly around the 1.2850 level through to the grey hours in quiet trading, Topside offers congested on any attempt to the 1.3000 level however, a break through the 1.3020 area will see stops appearing and the market pushing higher with some congestion through to the 1.3100 level the market could struggle without strong impetus and reasoning, downside bids light through to the 1.2850 area with strong bids likely to hanging around the 1.2800 areas and strong congestion below.
- JPY: A slow push through the early market saw the USDJPY pushing from the 109.05 opening areas and pushing into the Tokyo session testing the 109.10 level with slow trading from the Tokyo opening onwards saw the market ranging above the level through to late into the session to slowly test through the 109.15 areas for the move to the grey hours, Downside bids into the 108.20 area before stronger bids are likely to appear on any push at the 108.00 area, some weak stops through the 107.80 level and a likely test through to the 107.50 areas with stronger bids along a trend line likely to slow the descent with stronger congestion through into the 107.00 level. Topside offers cleared to the 109.20 level are likely to be weak however, a push through is likely to see stronger offers reappearing and continuing through to the 109.50 level with stronger offers into this month’s highs.
- AUD: Opening around the 0.6785 area and some light weakness through into the Tokyo session to slowly push through to the 0.6790 level before the Westpac comments saw the market quickly dropping back through to the 0.6775 areas to slowly test through the level and then hold around the lows through to the grey hours, Downside bids light through the 0.6770 level and opening the market to a limited move initially but renewing the downside potential through to the 0.6680-0.6700 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 stronger offers likely through to the 0.6950 areas with limited resistance behind the 0.6960 level but increasing on any move towards the 70 cents level through to 0.7020 and stronger stops a possibility opening up further gains for the long term.
- EUR: A slow drift from the opening 1.1023 area to move into the Tokyo session losing steadily through the day, while the range was limited the market eventually moved through the 1.1010 level for the move into the grey hours, Downside congestion continues in the current area with the congestion likely to extend through to the 1.1000 areas with weak stops mixed with congestive bids on any dip through the 1.0980 area, and congestion then continuing through to the 1.0950 area where stronger bids are likely to start appearing for any move through to the 1.0900 areas, Topside offers weak through to the 1.1100 areas with limited stops on a move through the area however, stronger congestion starts to appear on any push through to the 1.1150 areas and continuing through to the 1.1180 level and stronger offers then appearing on any test towards the 1.1200 level however, while there could be option barriers in the area stops above the level could be an attractive target.
Westpac now sees RBA cutting to 0.25% in June
Westpac expects RBA to begin quantitative easing in 2h 2020
Quantitative easing just two rate cuts away – DJ
S&P warns Australia fiscal stimulus could put AAA rating at risk – BBG
Australia 3Q Construction Work -0.4% est. -1%
A $20T problem: More than half of China’s banks fail Central Bank stress test – Zero Hedge
API Reports US Crude stockpiles rose 3.64m bbl last week – BBG
Trump says US will designate Mexican drug cartels as terrorists – NPW
China sets up Hong Kong crisis centre in mainland considers replacing chief liaison – FirstPost
New poll sees Con 36, Labour 28, and Con slipping – BBG
NZIER Forecasts no more RBNZ rate cuts even as GDP growth slows – BBG
RBNZ leaves LVR Mortgage lending restrictions unchanged – BBG
Actual – A | Consensus – C | Previous – P | Revised R | all timings GMT/UTC
NZD RBNZ Publishes Financial stability report
NZD Trade Balance (OCT) A -1010m | C -1000m | P -12422m
NZD Trade Balance 12mth YTD (OCT) A -5040m | C -4900m | P -5213m
NZD RBNZ Governor News Conference on FSR
1200 USD MBA Mortgage Applications (NOV22) P -2.2%
1330 USD Durable Goods Orders (OCT P) C -0.7% | P -1.2%
1330 USD GDP Annualized QoQ (3Q S) C 1.9% | P 1.9%
1330 USD GDP Product Price Index (3Q S) C 1.7% | P 1.7%
1330 USD Continuing Claims (NOV 16) C 1690k | P 1695k
1330 USD Core PCE Q0Q (3Q S) P 2.2%
1330 USD Durables Ex Transportation (OCT P) C 0.1% | P -0.4%
1330 USD Initial Jobless Claims (NOV 23) C 220k | P 227k
1330 USD Personal Consumption (3Q S) C 2.8% | P 2.9%
1445 USD Chicago Purchasing Manager (NOV) C 47.0 | P 43.2
1500 USD PCE Core YoY (OCT) C 1.7% | P 1.7%
1500 USD PCE Core MoM (OCT) C 0.1% | P 0.0%
1500 USD Pending Home Sales YoY (OCT) C 5.5% | P 6.3%
1500 USD Personal Income C 0.3%B | P 0.3%
1500 USD Personal Spending (OCT) C 0.3% | P 0.2%
1500 USD Real Personal Spending (OCT) C 0.0% | P 0.2%
1530 USD DOE US Crude Oil Inventories (NOV 22) P 1379k
1800 USD Baker Hughes US Rig Count P 803
1900 USD US FED Beige Book
2350 JPY Large retailers Sales C -7.1% | P 10.0%
2350 JPY Retail Trade YoY (OCT) C -3.8% | P 9.1%
- GBP: Opening towards its highs the market was unable to clearly break through the 1.2900 level and traded around the level through to the grey hours, early London quickly saw the market dipping a little and settling into a slow steady drift through the session testing to the 1.2870 level holding for a short period before continuing the push through to the 1.2850 level, the market bounced a little on the move into the NYK session however, the rally managed only to reach the 1.2880 area before sagging and again pushing through the original lows to test to the 1.2840 areas, with the low actually pushing through into the mid 1.2830’s before starting a slow steady rise through to the closing levels just above the 1.2860 areas in quiet trading.
- JPY: A quick rise from the opening around the 108.90 area to push the 109.00 level and the opening in Tokyo saw the market rising again to push lightly through the 109.05 level, some weak stops and a little scramble saw the market rise through 109.20 level on a spike before dipping back and saw steady sellers as the early buyers were squeezed out of the market, the move through to the grey hours saw the market again testing back to the sub 109.00 level and London took it steadily to its lows to test into the upper 108.80;s and a small recovery to the 108.95 area, NYK started buying as the day turned into a USD buying day and the USDJPY again managed to hold the 109.10 areas and ranging in the area to the London close before slipping down to the 109.05 area for the close.
- AUD: Limited range but choppy at times, opening around the 0.6780 level early sellers saw the market slipping through to the 0.6775 areas before slowly rising back to the opening level and spiking through the 0.6785 area to fall back and then rise slowly through to the 0.6785 area into the grey hours, drifting from the opening in London again saw the market tipping to the 0.6775 areas before Lowes commentary whipped the market too the lows of the day through 0.6770 and then to the highs pushing through the 0.6795 level and a steady drop back to the 0.6780 level area ranging in a 10 pip range before moving through the 0.6785 areas for a quiet range through to the close above that 85 area.
- EUR: Opening around the 1.1010 level saw limited test through to the 1.1005 in early Tokyo before starting a slow climb through to the grey hours pushing the 1.1015 area and holding deep into the London session before pushing through to the 1.1020 level and then ranged through to the NYK session and light buying from the opening saw the market extend the highs through to 1.1025 before around of USD buying appeared and the market quickly testing to the lows again before spending the rest of the session recovering to finish the day just off the highs.
Yesterday’s Premiership results
EUR German GfK Consumer Confidence A 9.7 | C 9.6 | P 9.6
AUD RBA’s Lowe gives speech in Sydney
GBP BBA Loans for House Purchase (OCT) A 41.2k | C 42.1k | P 43.1k | R 42.3k
USD Advance Goods Trade Balance (OCT) A -66.5b | C -71.0b | P -70.4b
USD Wholesale Inventories MoM (OCT P) A 0.2% | C 0.1% | P -0.4%
USD House Price Index MoM (SEP) A 0.6% | C 0.3% | P 0.2%
USD House Price Purchase Index QoQ (3Q) A 1.1% | P 1.0%
USD S&P CoreLogic CS 20-City MoM SA (SEP) A 0.36% | C 0.3% | P -0.16%
USD S&P/Case-Shiller Composite 20 YoY (SEP) A 2.1% | C 2.0% | P 2.03% | R 2.02%
USD S&P/Case-Shiller US Home Price Index YoY (SEP) A 3.22%V | C 3.3% | P 3.17%
USD Consumer Confidence Index (NOV) A 125.5 | C 127 | P 125.9
USD Conf. Board Present Situation (NOV) A 166.9 | P 172.3
USD New Home Sales MoM (OCT) A -0.7% | C 1.0% | P -0.7% | R 4.5%
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.