Collinsonfx Weekly Marketing Commentary and Calendar

Weekly Market Commentary

Markets closed out the previous week lower, after news of capital investment changes in the US, may impact Chinese and US companies. The US is considering reviewing capital investment of Chinese companies in the USA and possibly de-listing companies on existing exchanges. There is also talk of limiting US investment in China. This disrupted markets and equities which closed the week lower. The EUR drifted back to trade 1.0940, while the GBP crashed to 1.2285, following further Brexit chaos. The Brexit train crash continues on unabated and can only be determined in a general election.

The AUD remains under pressure, trading 0.6750, while the NZD surrendered 0.6300. These commodity currencies are extremely vulnerable to the US/China trade war and the new front, that has opened up on capital investment, does not help. US/China Trade negotiations resume on October the 10^th so this week will be driven by speculation and developments. US Employment will come into focus later in the week, while the all-important NZ Business Confidence number, out Monday, has been known to move the local currency.

Weekly Market Calendar

30/9 NZ Building Permits, Japan Retail Sales, Japan Industrial Production, China Manufacturing PMI, German Retail Sales, German Employment, UK GDP, UK Current Account, EU Employment, German CPI, NZ Business Confidence

1/10 Dallas Fed Manufacturing, Australia Manufacturing PMI, Australia Consumer Confidence, TANKAN Report, Japan Manufacturing PMI, Australia Building Approvals, German/France/EU Manufacturing PMI, EU CPI, US Manufacturing PMI

2/10 ISM Services/Manufacturing, US Construction, NZ Home Prices, Japan Consumer Confidence, UK Manufacturing PMI

3/10 Australia Services/Composite PMI, NZ Commodity Prices, Japan Services/Composite PMI, Australia Trade, France/German/UK/EU Services/Composite PMI, Challenger Jobs Report ,US Weekly Jobless Claims, US Services/Composite PMI

4/10 US Factory Orders, US Durable Goods Orders, Australia Retail Sales, German Construction, Non Farm Payrolls, US Employment