- Bank of Canada Governor Macklem and Senior Deputy Rogers are speaking Monday
- Goldman Sachs plan to raise 10-year growth forecasts – enormous potential of generative AI
- ECB and Riksbank speakers due on Monday
- PBOC sets USD/ CNY reference rate for today at 7.1781 (vs. estimate at 7.3165)
- Standard Chartered-owned crypto firm launches in Hong Kong: Zosia
- Australian data – September Retail Sales +0.9% m/m (vs. +0.3% expected)
- Australia rejected a free trade deal with the EU – “not been able to make progress”
- I’ve just spotted the first ‘Santa Rally’ post of the season
- Citi’s Morse says oil market is weaker than priced, also China diesel demand has peaked
- Bank of Japan decision on JGB yield cap due this week – yen “a hissing volcano”
- US SEC investigating tampering at Two Sigma hedge fund: unauthorized model adjustments
- WTI & Brent oil down, equity stock indexes up – Sunday evening futures trade opens
- China state media puff piece: policy bank steps up support for information infrastructure
- Jordan asked the US to deploy Patriot air defense systems to bolster its border defense
- Dubai-Makhachkala aircraft effectively hijacked in Russia (Makhachkala , Dagestan)
- China domestic flights to jump 34% above pre-pandemic levels. Flights to US to rise also.
- Reports of US airstrikes on Iran-backed military bases in eastern Syria
- Weekend – ECB’s Vujcic says the Bank’s rate hike cycle is over, “for now”
- Trade ideas thread – Monday, 30 October 2023
- Monday morning open levels – indicative forex prices – 30 October 2023
- Newsquawk Week Ahead: Highlights include FOMC, BoJ, BoE, US NFP, PMIs, and EZ CPI & GDP
- Weekly Market Outlook (30-03 November)
- Israel ground offensive underway but so far the fighting is limited to Gaza
- Forexlive Americas FX news wrap: Russell 2000 hits a three-year low, eyes on Gaza
Despite the weekend Middle East escalation oil dropped lower on the reopening for
the week in European and US Sunday evening/Monday morning Asia trade.
It managed to retrace much of its opening loss, not all, and as I post
is dribbling back to the downside again.
Major
forex rates were relatively subdued. USD/JPY had a 30 or so point
range, held in check by the imminent Bank of Japan statement due
around this time tomorrow. AUD/USD caught a bid after much better
than expected m/m retail sales growth, the quickest since January,
and firming the prospects for a November 7 Reserve Bank of Australia
rate hike. NZD/USD tracked Oz higher. The Australian government
walked away from a potential FTA with the EU after negotiations
stalled over insurmountable sticking points. AUD/USD shrugged this
off.
Asian
equity markets:
-
Japan’s
Nikkei 225 -1.2% -
China’s
Shanghai Composite -0.3% -
Hong
Kong’s Hang Seng -0.5% -
South
Korea’s KOSPI +0.4% -
Australia’s
S&P/ASX 200 -0.4%
(This
chart is from our charting app, which is free and can
be found at this link)