Analysis and Recommendation: The USD/JPY eased by 46 points as the dollar eased this morning. Japan is shuttered for a national holiday. The pair is
The USD/JPY eased by 46 points as the dollar eased this morning. Japan is shuttered for a national holiday. The pair is trading at 107.18. Japanese investor flows add to the case. “Japanese investors are looking abroad,” he says. “At a retail level, Japan has a soft spot for Australia. I get this from investors all the time: Japanese investors like the idea of investing in Australia. It’s traditionally seen as a high-yield market, it’s seen as safe, they come here on holidays and they know it. It’s a brand.”
Traders should keep an eye on speeches from other central bank speakers this week, including Fed Chair Janet Yellen who is scheduled to speak at the Fed Bank of Boston Economic Conference on Friday. First off the mark though, Chicago Fed chief Charles Evans speaks in Indianapolis today.
On Thursday, four regional policy makers will be giving speeches at different venues: Philadelphia Fed boss Charles Plosser, Kansas City Fed President Esther George, St Louis Fed chief James Bullard and Minneapolis Fed President Narayana Kocherlakota.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
Today’s economic releases actual vs. forecast:
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Cur. |
Event |
Actual |
Forecast |
Previous |
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Holiday |
Japan – Health-Sports Day |
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Holiday |
Canada – Thanksgiving Day |
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|
CNY |
Exports (YoY) (Sep) |
15.3% |
11.8% |
9.4% |
|
|
|
CNY |
Imports (YoY) (Sep) |
7.0% |
-2.7% |
-2.4% |
|
|
|
CNY |
Trade Balance (Sep) |
31.00B |
41.00B |
49.83B |
Upcoming Economic Events that you should be monitoring:
|
Cur. |
Event |
Actual |
Forecast |
Previous |
|
|
AUD |
RBA Asst Gov. Debelle |
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|
|
|
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CNY |
New Loans |
|
750B |
703B |
|
|
EUR |
French CPI |
|
-0.3% |
0.4% |
|
|
EUR |
French HICP |
|
-0.3% |
0.5% |
|
|
EUR |
Spanish CPI |
|
0.2% |
0.2% |
|
|
GBP |
CPI (MoM) (Sep) |
|
0.2% |
0.4% |
|
|
GBP |
CPI (YoY) (Sep) |
|
1.4% |
1.5% |
|
|
GBP |
PPI Input (MoM) (Sep) |
|
-0.4% |
-0.6% |
|
|
EUR |
Italian CPI (MoM) (Sep) |
|
-0.3% |
-0.3% |
|
|
EUR |
Industrial Production |
|
-1.6% |
1.0% |
Government Bond Auction
Date Time Country Auction
Oct 14 08:30 Spain 6 & 12M T-bill auction
Oct 14 09:30 Belgium 3 & 12M T-bill auction (Jan & Oct 2015)
Oct 15 09:03 Sweden Bond auction
Oct 15 09:30 Germany Eur 4.0bn Sep 2016 Schatz auction
Oct 16 08:30 Spain Bono/Obligacion auction
Oct 16 09:30 UK Auctions 0.125% 2024 I/L Gilt
Oct 16 15:00 US Announces details of 30Y TIPS auction on Oct 23