Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Data Drives Market Moves In Currencies And Indices

By Colin CieszynskiMarket OverviewSep 29, 2017 08:50
ca.investing.com/analysis/data-drives-market-moves-in-currencies-and-indices-200196162
Data Drives Market Moves In Currencies And Indices
By Colin Cieszynski   |  Sep 29, 2017 08:50
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
EUR/USD
-1.48%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
GBP/USD
-3.54%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
EUR/GBP
+2.19%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
UK100
-1.97%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XAU/USD
-1.66%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DE30
-1.97%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

It’s the last day of the week, month and quarter, and morning finds traders actively reacting to a flood of economic data and positioning for next week.

The euro is rallying this morning against both USD and GBP, while the DAX is up 0.3% on the back of a very strong German employment report. The IBEX is down 0.2% as trades prepare for Sunday’s Catalonia Independence vote, which the federal government is trying to block. It remains to be seen if the weekend will bring social unrest, if the vote will be held at all and what the results may be if it does happen. The FTSE is up 0.6% today, while sterling is sliding after U.K. Q2 GDP was revised down to 1.5% from 1.7%.

The Japanese yen has been sliding overnight in reaction to this month’s main basket of Japanese economic reports. The election campaign has kicked off amid a round of dismal data as household spending, retail sales, industrial production, housing starts and construction all came in way below expectations.

U.S. indices, USD, gold, oil and CAD are all steady so far this morning ahead of U.S. and Canadian economic reports. Canada July GDP is due which was the month of the first Bank of Canada rate hike. Bank officials have indicated that future rate hikes are data dependent and that they will be monitoring the impact of the two recent rate hikes for making future policy decisions.

In the U.S. today, Core PCE inflation is out, a measure that the Fed likes to use, which could add to the debate over a potential December interest rate increase. Chicago PMI is out mid-morning to set the stage for Monday’s national numbers, along with consumer sentiment.

Data Drives Market Moves In Currencies And Indices
 

Related Articles

Alla Makeyeva
Can The Pound Sterling Recover? By Alla Makeyeva - Sep 23, 2022

The Bank of England (BoE) has defied market expectations by raising interest rates by 50bps at its September meeting. Implied pricing showed that market participants were skewed...

FactSet Research Systems Inc
Podcast : Financial Market Preview - Friday 23-Sep By FactSet Research Systems Inc - Sep 23, 2022

US futures are indicating a lower open. European equity markets have opened weaker, following broad weakness in Asia. Markets continue to digest the recent central bank updates....

Data Drives Market Moves In Currencies And Indices

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email