Monday, September 28, 2020

Down Trends Make Buying Opportunities - October Forecasts

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The US Dollar saw a nice upswing in September after struggling in August, while most other currencies - and stock markets- saw high volatility to the downside. The upside to it all is that there are a lot of buying opportunities coming our way in October. Here's what our analysts are watching:
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European Morning Wrap


Is the dollar squeeze over?

The chatter is that it isn't, via Bloomberg Here are a few and why it may continue this week. Firstly, quarter end rebalancing flows are expected to continue to strengthen the USD. There is also a conference on Wednesday titled 'the ECB and its watchers' and this may work as a catalyst for USD strength.... Read full article


Trade ideas thread - European session 29 September 2020

Daily thread to exchange ideas and to share your thoughts The dollar is trading more mixed after losing ground yesterday as equities surged higher amid a more positive risk tilt in the market.... Read full article


North Rhine Westphalia September CPI -0.3% vs -0.2% y/y prior

Latest data released by Destatis - 29 September 2020 Early release via Reuters. We'll have to wait and see how the other state readings play out but the initial signal here is that inflation pressures are to keep more subdued this month, reaffirming expectations ahead of the national reading later today.... Read full article


Economic data coming up in the European session

German and Spanish inflation data in focus today The pound is continuing to build on the optimism from yesterday as cable trades higher to 1.2860, though still off yesterday's high of 1.2930.... Read full article


Heads up: Germany states' CPI readings due later today

German states will be releasing their CPI prints for September today The key takeaway here is that more subdued price pressures will just keep the ECB on their toes as they navigate through having to deal with the euro's resilience as well as the potential need to do more in terms of policy, to fulfil their... Read full article

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Latest Forex Orders


FX option expiries for Tuesday September 29 at the 10am NY cut

EUR/USD

  •  1.1600 512m euro amount 
 USD/JPY
  •  104.75 376m USD amount
  •  105.00 2.6bn
  •  105.10 375m
  •  105.30 685m
  •  105.32 444m
  •  105.35 404m
NZD/USD
  •  0.6580 343m NZD 
 EUR/GBP
  •  0.9155 571m euro amount

For bank trade ideas, check out eFX Plus 
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[Daily article] September 29: Valston Hancock

Valston Hancock (31 May 1907 – 29 September 1998) was a senior
commander in the Royal Australian Air Force (RAAF). A graduate of the
Royal Military College, Duntroon, Hancock transferred to the RAAF in
1929 and qualified as a pilot. After fifteen years of occupying staff
and training posts, he saw combat in the Aitape–Wewak campaign of the
Pacific War during 1945. Flying Bristol Beaufort light bombers, he led
No. 100 Squadron, and later No. 71 Wing, earning the Distinguished
Flying Cross. After the war, Hancock became the inaugural commandant of
RAAF College, followed by a succession of senior positions, before being
promoted to air marshal and serving as Chief of the Air Staff from 1961
to 1965. He was knighted in 1962. In his role as the Air Force's senior
officer, Hancock continued the policy of developing a chain of forward
airfields in Northern Australia. He also evaluated potential
replacements for the RAAF's English Electric Canberra bomber.

Read more: <https://en.wikipedia.org/wiki/Valston_Hancock>

_______________________________
Today's selected anniversaries:

1940:

Two Avro Ansons of the Royal Australian Air Force collided in
mid-air over Brocklesby, but locked together and were landed safely.
<https://en.wikipedia.org/wiki/1940_Brocklesby_mid-air_collision>

1962:

Alouette I, Canada's first satellite, and the first
constructed by a country other than the Soviet Union or the United
States, was launched.
<https://en.wikipedia.org/wiki/Alouette_1>

1963:

The University of East Anglia was founded in Norwich, England,
after talk of establishing a university in the city began as early as
the 19th century.
<https://en.wikipedia.org/wiki/University_of_East_Anglia>

1990:

The Lockheed YF-22, the prototype for the F-22 Raptor, made its
first flight.
<https://en.wikipedia.org/wiki/Lockheed_YF-22>

_____________________________
Wiktionary's word of the day:

Neptunian:
1. (Roman mythology) Of or pertaining to Neptune, the Roman god of fresh
water and the sea, the counterpart of the Greek god Poseidon.
2. (by extension, rare) Of or pertaining to water or the sea.
3. (by extension, geology) Formed by the action of water.
4. (by extension, geology, historical) Of, pertaining to, or supporting
Neptunism ("a discredited theory that rocks were formed from the
crystallisation of minerals in the early Earth's oceans"). [...]
5. (astrology) Pertaining to the astrological influence of the planet
Neptune.
6. (astronomy) Of or pertaining to the planet Neptune.
<https://en.wiktionary.org/wiki/Neptunian>

___________________________
Wikiquote quote of the day:

  Man sees, hears, touches, tastes and smells that which it is
necessary for him to see, hear, touch, taste and smell in order to
preserve his life. The decay or loss of any of these senses increases
the risks with which his life is environed, and if it increases them
less in the state of society in which we are actually living, the reason
is that some see, hear, touch, taste and smell for others. A blind man,
by himself and without a guide, could not live long. Society is an
additional sense; it is the true common sense.  
--Miguel de Unamuno
<https://en.wikiquote.org/wiki/Miguel_de_Unamuno>

_______________________________________________
Wikipedia Daily Article mailing list.
To unsubscribe, visit:
https://lists.wikimedia.org/mailman/listinfo/daily-article-l
Questions or comments? Contact dal-feedback@wikimedia.org

Asia-Pacific Wrap


ForexLive Asia FX news wrap: Small ranges prevail

Forex news for Asia trading Tuesday 29 September 2020 Currencies extended their gains in morning trade in Asia before retracing pretty much the entire move and, as I update, for most to be little net changed on the session.... Read full article


Singapore to hire 1,000 in jobs to support installation of 5G

Will hire and reskill 1,000 workers for the rollout of the tech. Some positive news.... Read full article


China Daily says US Sinophobic policies causing near-term losses to China, in the long run China could benefit

China Daily piece which, in essence (and to paraphrase) sees the obstacle in the path becoming the path: China Daily link for more --- Keep an eye out for this ahead:... Read full article


EUR/USD looks to have more upside bias than downside

Comments via Mizuho Bank on EUR. EUR/USD likely to find support at $1.15 More:... Read full article


Australian PM Morrison speaks on a new 'JobMaker' digital plan

Australia to commit AUD 800m for new digital tech. This is part of the upcoming budget plan, the budget announcement is on October 6. No further details but I'll update as they come.... Read full article

Read The Full Feed

Latest Forex Orders


FX option expiries for Tuesday September 29 at the 10am NY cut

EUR/USD

  •  1.1600 512m euro amount 
 USD/JPY
  •  104.75 376m USD amount
  •  105.00 2.6bn
  •  105.10 375m
  •  105.30 685m
  •  105.32 444m
  •  105.35 404m
NZD/USD
  •  0.6580 343m NZD 
 EUR/GBP
  •  0.9155 571m euro amount

For bank trade ideas, check out eFX Plus 
All Forex Orders

ForexLive
Cryptocurrency
Technical Analysis
Education
Economic Calendar
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