Trading news

MACRO EVENTS & NEWS

Macro Events & News

FX News Today

Greek bailout payment delayed, Greece is once again behind in the implementation of the agreed reforms and so far only 14 of the 48 “milestones” have been implemented. A delay of the reform plan and the payout likely also means a delay in the reform of the banking and finance system, including the recapitalization of banks.

Commodities were on the defensive, but the CAD was range bound near 1.3160 since the open. The lack of price action came as oil prices were steady near $43.5 – $44.00 and as the risk backdrop remains quiet.

Gold been relatively steady, following last week’s dollar rally inspired sell-off. Gold traded near the two-week low under of $1,160/ounce on Friday, and currently trades at $1165. Copper meanwhile, topped out at $2.381/lb earlier, and have since fallen back to $2.351, with softer U.S. home sales data weighing. Copper remains up on the session.

USDJPY given back some gains, the pair has gained considerable ground since last week, as the dovish ECB and the aggressive PBoC combined to rally the dollar broadly. With the China rate cut having many market players up the BoJ’s ante to add to QE this week, USD-JPY gains may well hold.

Main Macro Events Today

• GBP U.K. Gross Domestic Product: U.K. GDP numbers for Q3, with the quarterly growth rate expected to slow to 0.6% (med same) from 0.7%.

• USD Durable Goods Orders: September durable goods data is out today and should reveal a 0.8% (median -1.0%) decline for orders on the month with shipments unchanged and inventories growing by 0.1%. This compares to respective August figures of -2.3% for orders, -0.2% for shipments and unchanged for inventories. Data in line with analyst forecast would leave the I/S ratio for the month at 1.66 from 1.65 in both August and July.

• USD Consumer Confidence: October Consumer Confidence is out today and should reveal a 104.0 (median 102.8) headline, up from 103.0 in September and 101.3 in August. Other confidence measures have improved in October with Michigan Sentiment rising to 92.1 from 87.2 and the IBD/TIPP Poll rising to 47.3 from 42.0.

Tuesday, 27 Oct, 2015 / 8:00

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://analysis.hotforex.com/blog/2015/10/27/macro-events-news-6/

Trading news

 

Market sentiment changed towards greater risk appetite

While the yields rose, the USD weakened against a basket of currencies Read [...]

Posted on Friday, 24 Sep, 2021 / 12:05 under

What’s The Real Issue With The Debt Ceiling?

Politicians just love a crisis that they can leverage to push their agenda and [...]

Posted on Friday, 24 Sep, 2021 / 11:26 under

Bond markets come alive as tighter policy looms, stock rally eases

  Sovereign bond yields jump on optimism and rising prospect of [...]

Posted on Friday, 24 Sep, 2021 / 10:26 under