1. Hello Guest Click here to check FX Binary Point Financial Directory

Volatility ahead: we are looking jam packed full of events - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Westpac Banking corporation noted the key events taking place up ahead and that China’s markets reopen after a one week holiday.

    Key Quotes:

    "The Shanghai Composite will have plenty of catching up to do. The iShares China Large-Cap ETF which tracks the FTSE China 50 rose 9% while SHCOMP was closed but it is of course only a guide, with the Chinese retail investors who dominate the local market unlikely to be so buoyant.

    "USD/CNY last traded on CFETS at 6.3571 on 30 Sep."

    "A fixing around 6.3500 seems reasonable but will take a few days to see whether there is a change in the skew of fixings now that President Xi’s visit to the US is complete and the USD mood is less robust."

    "There are no Australian data releases today but at 11:30am Syd/8:30am Sing/HK the RBA releases a research paper titled "Modelling the Australian Dollar"."

    "The Bank of England MPC announces its policy decision today. While the market and forecasters are confident that there will be no change in rates, we will see from the minutes today if the vote split is still 8-1. Governor Carney will be a panellist at a CNN debate on the global economy."

    "The ECB account of the September monetary policy meeting will also be released. These accounts have not been market-movers to date."

    "We also see the FOMC September meeting minutes. The Fed left rates on hold, though forecasters were split in expectations for a hike. The decision last time was considered close, with the Committee “see[ing] the risks to the outlook for economic activity and the labor market as nearly balanced” but were concerned about “global economic and financial developments”. The non-voting hawks should also be given more prominence in the minutes."
    For more information, read our latest forex news.

Share This Page