Market Blog > September 2016 > Market Review

Market Review

Bank of Japan could shift negative interest rates to the primary focus of its monetary policy on Wednesday, heightening market disquiet over what any move away from quantitative easing reveals about the waning firepower of global central banks.

The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution.

European regulators must tell banks to cut their bad debts as they are holding back the euro zone's recovery.

German economic growth could slow in the third quarter, primarily due to weak manufacturing export demand, downgrading its outlook for the euro zone's biggest economy after a slew of subdued data.
The current account fell in the Eurozone more than expected last month.

U.S. home builder sentiment unexpectedly rose in September to its strongest level in 11 months, prompted by renewed interest in home purchases following a summer.

Gold prices were higher during Europe's session, bouncing off a more than two-week low as investors looked ahead to this week's highly anticipated Federal Reserve policy meeting.

Currencies:

The EURUSD traded between 1.1153 and 1.1196 area. 
The EURGBP traded between 0.8537 and 0.8579 area.
The GBPUSD traded between 1.3013 and 1.3090 area.
The USDJPY traded between 101.60 and 102.36 area.
Crude oil: Traded between $ 43.79 and $ 44.66 area.
Gold: Traded between $ 1309.80 and $ 1318.06 area.

Indices:

Asian Indices

Moved %

Euro Indices

 Moved %

U.S Indices

 Moved %

Nikkei

+0.70%

Euro stoxx50

+1.13%

DJIA

+0.05%

Hang Seng

+0.92%

DAX

+0.95%

S&P 500

+0.07%

S&P/ASX 200

          -0.04%

CAC 40

+1.43%

NASDAQ

          -0.16%




Economic Calendar Tuesday 20/09/2016

Time

Currency

Event

Forecast

Previous

 6:00am

EUR

German PPI m/m

0.10%

0.20%

Tentative

GBP

30-y Bond Auction

 

2.10|1.4

12:30pm

USD

Building Permits

1.17M

1.14M

12:30pm

USD

Housing Starts

1.19M

1.21M

4:50pm

CAD

BOC Gov Poloz Speaks

 

 

11:50pm

JPY

Trade Balance

0.50T

0.32T


 
Posted: 9/20/2016 7:08:00 AM by Global Administrator | with 0 comments


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