Weekly Market Outlook (16-20 October)

UPCOMING EVENTS: Monday: Japan Industrial Production, NZ CPI, PBoC MLF. Tuesday: RBA Meeting Minutes, UK Jobs report, German ZEW, Canada CPI, US Retail Sales, US Manufacturing Production, US NAHB Housing Market Index. Wednesday: China GDP, China Industrial Production, China Retail Sales, China Unemployment Rate, UK CPI and PPI, US Housing Starts and Building Permits. Thursday:

Dollar up after inflation data boost By Reuters

© Reuters. FILE PHOTO: The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. REUTERS/Jose Luis Gonzalez/File Photo By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar touched a one-week high against a basket of currencies on Friday, extending its gains from the previous session when

Major European indices close the session down on the day

The major European stock indices are closing the day lower. The German Dax was the weakest. German Dax -1.55% at 15186.67 France CAC -1.42% at 7003.54 UK’s FTSE 100 -0.59% at 7599.59 Spain’s Ibex -1.10% at 9232.91 Italy’s FTSE MIB -0.92% at 28230.89 For the trading week, the indices are closing with mixed results: German

IMF sees recent yen falls as reflecting fundamentals By Reuters

© Reuters. FILE PHOTO: Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration/File Photo By Leika Kihara MARRAKECH, Morocco (Reuters) -The yen’s recent declines are driven by fundamentals and do not meet any of the considerations that would call for authorities to intervene in the currency market, a

GBPJPY dips below 100 day MA

GBPJPY tests/breaks below 100 day MA Looking at the daily chart, the 100 day moving average currently comes in at 181.64. The price has just dipped below that level and currently trades at 181.57. Admittedly, earlier this month, the price fell below the moving average level for the 1st time since March 2023, but could

United States CFTC Oil NC Net Positions declined to 322K from previous 349.6K

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Baker Hughes US oil rig count 501 vs 497 prior

Oil rigs 501 vs 497 last week Gas rigs 117 vs 118 last week Total rigs 622 vs 619 last week WTI is getting a big geopolitical premium this weekend, up $3.93 to $86.84 and with brent touching $90.00. The rig count has been grinding lower but the latest bump in prices might help to