Rates as at 12.00am:-
EUR/USD 1.4758/61 USD/JPY 88.30/33 GBP/USD 1.5995/99 USD/CHF 1.0278/82 USD/CAD 1.0556/60 AUD/USD 0.9016/20 NZD/USD 0.7398/03 EUR/JPY 130.33/36 EUR/GBP 0.9224/28 GBP/JPY 141.20/30
Gold 1050.00/80 Oil 70.19 Dollar Index 76.215
- Japanese ECO survey 43.1 in Sept. from 41.7 in August versus market expectations of 42.5
- Banque de France Industrial Business Sentiment in Sept. 92 from 89 in August
- French Trade deficit in August –Euro 3.411 billion from –Euro 1.016 billion in July (revised from –Euro 1.287 billion).
- German Industrial Output for August +1.7 % m/m from -1.1 % (revised from -0.9 %) better than expectations of +1.6 %
- Bank of England left UK interest rates unchanged at its monthly meeting. No change in Quantitative Easing Policy leaving it at GBP 175 billion. Bank of England expects the QE program to take at least one more month to complete and the scale of the program to be kept under review.
- Swedish Riksbank Governor Stefan Ingves warns Latvia that it must stand by the agreements it has made with international lenders and can’t just turn around and amend those agreements. Ingves was quoted in a Swedish daily newspaper as saying “It is as though we are living in a completely different world,”
- David Cameron, leader of the UK Opposition Conservative Party, speaks later today at the Conservative Party Annual Conference, about his vision of what a Tory Government would look like should they win the next General Election which will be called for by June of next year at the latest. He will outline the priorities they will be campaigning for which will be included in the election manifesto.
- Gold traded to a high of 1058-50 early in the session and since has traded in a 1052.50 – 1056.50 range.
Markets traded nervously ahead of the rate announcements from the BOE and ECB. Suring the session a UK clearer bought a decent amount of sterling taking cable to its high of 1.6070 from 1.6010 but then sterling drifted back. Euro dollar seems to be capped at around 1.4785, the rumor doing the rounds that it could be the BIS who has selling interest there. Dollar yen traded in a narrow range.
Rates as at 7.30 am:-
EUR/USD 1.4755/58 USD/JPY 88.39/42 GBP/USD 1.6048/52 USD/CHF 1.0274/78 USD/CAD 1.0558/62 AUD/USD 0.9034/38 NZD/USD 0.7394/99 EUR/JPY 130.40/44 EUR/GBP 0.9188/92 GBP/JPY 141.90/00
Gold 1053.70/1054.70 Oil 70.14 Dollar Index 76.205 (-0.46)
- EUR / USD 1.4742 / 1.4790
- USD / JPY 88.14 / 88.55
- GBP / USD 1.5971 / 1.6087
- USD / CHF 1.0248 / 1.0296
- AUD / USD 0.9005 / 0.9045
- NZD / USD 0.7385 / 0.7407
- EUR / GBP 0.9174 / 0.9228
- GBP / YEN 141.01 / 142.35
- EUR / JPY 130.11 / 130.84
- Nikkei closed at 9,832-47 higher by 32-87 (0.34 %)
- Hang Seng closed at 21,492-90 higher by 251-31 (+1.18 %)
- Kospi closed at 1,615-46 higher by 17-46 (+1.09 %)
- Shanghai Composite Index closed for a National Holiday
- FTSE 100 at 5,138-01 higher by 29-11 (+0.57 %)
- CAC 40 at 3,798-63 higher by 42-22 (+1.12 %)
- DAX 30 at 5,704-68 higher by 63-93 (+1.13 %)