GOLD: Fed Easing Signals & Trade Tensions Push Bullion Even Higher
Oct-15 03:59
Gold has rallied again today with it reaching another new high at $4190.97/oz. It is up 1.1% at $418...
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MNI EXCLUSIVE: MNI Looks At Key Risks That Could Impact The RBA's Outlook
Sep-15 03:57
MNI looks at the key risks that could impact the RBA's outlook. On MNI Policy MainWire now, for more details please contact sales@marketnews.com.
FOREX: JPY Crosses - Upward Momentum Stalls For Now
Sep-15 03:15
US Equities traded sideways as the market turned its focus towards the FOMC this week and what the potential upcoming cutting cycle could look like. This morning US futures have had a muted open, E-minis +0.05%, NQU5 +0.05%. The JPY crosses move higher seems to have stalled for now, fresh impetus is needed. Could the FOMC or the BOJ this week give it the nudge it needs ?
- EUR/JPY - Overnight range 172.79 - 173.44, Asia is trading around 173.00. The pair is consolidating around 173.00 as the move found sellers again back towards 173.50. The range looks to be 171.00-174.00 for now.
- GBP/JPY - Overnight 199.67 - 200.47, Asia trades around 200.00. This pair continues to struggle on any move above 200.00, a clear sustained break above 200.00 is needed to regain momentum higher.
- NZD/JPY - Overnight range 87.86 - 88.12, Asia is currently dealing 87.85. The pair topped out above 88.00 on Friday, a sustained move back above 88.00/88.50 and I will have to reassess my bias lower.
- CNH/JPY - Overnight range 20.6878 - 20.7739, Asia is currently trading around 20.7100. This pair has remained above its pivotal 20.30/20.40 support. The pair continues to trade comfortably within its recent 20.40-21.00 range.
Fig 1 : CNH/JPY 2H Chart
Source: MNI - Market News/Bloomberg Finance L.P
CHINA: Weak Property Data Continues
Sep-15 02:22
- Property Investment YTD YoY and Residential Property Sales YoY declined more than expected in August.
- Property Investment YTD YoY fell -12.9%, its largest monthly decline. It has not recorded a positive monthly result since March 2022.
- Residential Property Sales YoY declined -7.0% in August, the worst result for 2025. It has not recorded a positive monthly result since July 2023.
- Recently Shenzhen announced measures to support the property prices and bring their policies in line with Beijing and Shanghai. The announcements as of September 6 included easing of home purchase restrictions for non residents, removal of home purchase limits and lowering down payment requirements.
