Earlier today: UK Pound sinking after tax cuts! $British Pound - main 2212(GBPmain)$ China's YUAN at 28 month low.
Trending on Social Media this morning:
USA: AMPX, GSUN, SPRO, CANO, $Alibaba(BABA)$sectors: China, Copper stocks.
Stock markets another weak start this morning to the week ahead: Dow Jones 29,590.41 -1.62%, DAX 12,274.56 -0.08%, Nasdaq 100 11,311.24 -1.66%, Nikkei 225 26,431.55 -2.66%, FTSE 100 7,048.64 +0.43%, Hang Seng 17,814.00 -119.27
Commodities: WTI crude oil -1% at 78.00, Gold 1649 -0.35%, other movers: Lumber -5.48%, NY Cocoa -3.17%
Crypto: Bitcoin 18875 +0.4%, Ethereum 1295 +0.04%, XRP popular at the moment -3.95% at 0.47.
Forex: USD and CHF strong, GBP weak, JPY recovering? Pairs to look at: -GBPUSD, -GBPCHF, -GBPCAD (see currency strength chart attached)
Scheduled economic news events to watch out for this week: (Times = GMT)
Tues: 12:30 USD Fed Chair Powell Speaks, 12:30 EUR ECB President Lagarde Speaks, 13:30 USD Core Durable Goods Orders (MoM) (Aug) , 15:00 USD CB Consumer Confidence (Sep) , 15:00 USD New Home Sales (Aug).
Wed: 02:30 AUD Retail Sales (MoM) (Aug), 08:15 EUR ECB President Lagarde Speaks, 15:00 USD Pending Home Sales (MoM) (Aug), 15:15 USD Fed Chair Powell Speaks, 15:30 USD Crude Oil Inventories.
Thu: 13:30 USD GDP (QoQ) (Q2), 13:30 USD Initial Jobless Claims, 13:30 CAD GDP, 14:00 NZD RBNZ Gov Orr Speaks.
Fri: 02:30 CNY Manufacturing PMI (Sep), 02:45 CNY Caixin Manufacturing PMI (Sep) 05:30 INR Interest Rate Decision expected 5.90% previous 5.40%, 07:00 GBP GDP (YoY), 07:00 GBP GDP (QoQ),
08:55 EUR German Unemployment Change (Sep) 10:00 EUR CPI, 13:30 USD Core PCE Price Index.
US Earnings to watch this week - another quiet week: MTN, KMX, $Micron Technology(MU)$, SNX, CUK, JEF, JBL
Good luck with the trading!
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