3 implications arising from the new-NAFTA – Golden Sachs

As noted by analysts at Goldman Sachs, there are three major medium-term factors arising from the USMCA agreement that will see some movement in the FX space. Key highlights GS analysts predict that the USMCA agreement will be a moderate tailwind for the MXN thanks to trilateral trade factors tha ...

Japan Current Account n.s.a. registered at ¥1838.4B, below expectations (¥1896.6B) in August

AUD/JPY stuck in a bearish cycle at 80.00

The Aussie is leaning to the downside as the trading week opens bearish. Data is thin for both the AUD and the JPY, and broader market flows will remain the main driver. The AUD/JPY is stuck near the 80.00 handle as the pair struggles to make gains this week, and the AUD/JPY's bearis ...

US Mid-Term Elections update – Nomura

Analysts at Nomura explained, that at this point, they think the prospects for the midterm elections are not that different from where they were in early September. Key Quotes: "We think Democrats have about a three in four likelihood of taking control of the House and the Republicans hav ...

Ireland Consumer Confidence dipped from previous 102.4 to 96.4 in September

United Kingdom BRC Like-For-Like Retail Sales (YoY) below expectations (0.1%) in September: Actual (-0.2%)

What we’re watching in markets – TDS

Analysts at TD Securities explained that Italy remains a key sentiment driver after the government has intensified its anti-EU rhetoric. Key Quotes: "10y BTP/Bund spreads continue to trade around the 305bp mark as investors doubt the optimistic growth projections in Italy's budge ...

The EU and the UK are in the middle of a game of Brexit chicken – Reuters

As reported by Reuters, the European Union and Britain are continuing to face each other down across the bargaining table as real life continues to unfold around them, with a growing number of people begging for real-world solutions and answers. Key highlights On Monday Britain announced that i ...

AUD/USD still stuck near 0.7050 as buyers remain in the lurch

The Aussie sees a half-hearted bullish correction to kick off the new week. Tuesday sees limited data for the AUD as the US holiday comes to an end. The AUD/USD is trading near 0.7075 after Monday's US holiday-thinned volumes saw the Greenback take a breather, allowing the Aussie to take ...

S&P500 Technical Analysis: Stocks getting ready for a new bull leg

The S&P500 is in a bull trend.  The S&P500 is trying to for form a double bottom with the September lows as bulls are attempting to find support near 2,900.00 figure. Bulls look ready to launch a new bull leg soon. Resistances are to be expected near 2,917.00 August 29 high, th ...

Some doves are for turning… but not Bullard – ABN AMRO

"St Louis Fed President Bullard continued to strike a relatively dovish tone in remarks made today," points out ABN Amro Senior Economist Bill Diviney. Key quotes "While acknowledging the present strength in the US economy, he repeated his view that ‘we are close t ...

ECB may guide on number of hikes per year – ABN AMRO

"Klaas Knot, the hawkish Governor of the Dutch central bank, discussed the outlook for the ECB’s interest rate policy today," notes ABN AMRO's Nick Kounis, head of financial markets, and adds: "In an interview with the German newspaper Boersen-Zeitung, he said th ...

Market wrap: a particular attention to Italy – Westpac

Analysts at Westpac explained that European sentiment was mostly poor, in line with Asia but with particular attention on Italy. Key Quotes: "US markets were partially closed (bonds/rates closed, equities open) for Columbus Day and there were no data releases in the US. Chinese related move ...