Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
Bob Mason
worker with fork pallet truck

Earlier in the Day:

It’s was a relatively busy start to the day on the economic calendar this morning. The Aussie Dollar and the Japanese Yen were in action this morning.

For the Japanese Yen

3rd quarter Tankan survey figures were in focus early this morning.

  • All Big Industry CAPEX Index increased by 1.4%, following a 3.2% rise in the 2nd Economist had forecast a 1.3% gain.
  • Big Manufacturing Outlook Index rose from -27 to -17, which was in line with forecasts.
  • The Large Manufactures Index increased from -34 to -27. Economists had forecast a rise to -23.
  • Large Non-Manufacturers Index increased from -17 to -12. Economists had forecast an increase to -9.

The Japanese Yen moved from ¥105.448 to ¥105.486 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.03% ¥105.51 against the U.S Dollar.

For the Aussie Dollar

The AIG Manufacturing Index fell from 49.3 to 46.7 in September. In August, the index had fallen from 53.5 to 49.3.

According to the September Survey,

  • Stage 4 activity restrictions in response to COVID-19 in Victoria led to slower orders and new inquiries.

The Aussie Dollar moved from $0.71704 to $0.71695 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.07% to $0.7167.


At the time of writing, the Kiwi Dollar was up by 0.06% to $0.6621.


The Day Ahead:

For the EUR

It’s another busy day ahead on the economic calendar. Key stats include September manufacturing PMIs for Italy and Spain.

Finalized PMIs for France, Germany, and the Eurozone are also in focus. Barring revisions to prelim numbers, expect Italy and the Eurozone’s PMI to have the greatest impact.

Eurozone unemployment figures for August, also due out later in the day, should have a muted impact on the EUR.

Away from the economic calendar, expect Brexit to remain in focus as 3-days of talks come to a close today.

At the time of writing, the EUR was up by 0.02% to $1.1723.

For the Pound

It’s a relatively quiet day ahead on the economic calendar. Key stats include September’s finalized manufacturing PMI. Barring a material revision from prelim, however, the PMI should have a muted impact on the Pound.

Brexit will remain the key driver on the day. As the final round of Brexit talks come to a close, enough progress will need to have been made to bring more details negotiations into play. A lack of progress and it may well be a no-deal departure from the EU…

At the time of writing, the Pound was up by 0.06% to $1.2928.

Across the Pond

It’s a busy day ahead for the U.S Dollar. Key stats August inflation and personal spending figures, the weekly jobless claims, and ISM manufacturing PMI numbers.

Barring particularly dire personal spending and inflation figures, the focus will be on the weekly jobless claims and PMIs.

With September’s nonfarm payrolls due out tomorrow, the markets will be looking for a fall in the jobless claims.

On the geopolitical risk front, we are into the final month before the Presidential Election. Following yesterday’s first debate, expect plenty of chatter from Trump…

The Dollar Spot Index was down by 0.03% to 93.86 at the time of writing.

For the Loonie

It’s a quiet day ahead, economic data is limited to building permit figures for August that should have a muted impact.

The focus will be on the manufacturing PMIs from elsewhere, with any disappointing numbers likely to raise yet more red flags.

At the time of writing, the Loonie was up by 0.14% to C$1.3300 against the U.S Dollar.

For a look at all of today’s economic events, check out our economic calendar.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.