FOREX: Risk Hit Hard as Trump Threatens More Extensive China Tariffs
Oct-10 15:05
Risk-off trade on that Trump post - namely on the threat of more extensive tariffs against China as well as possibly withdrawing from his face-to-face meeting with Xi.
- E-mini S&P falls sharply: ESA off over 75 points in the immediate reaction, pushing both the S&P 500 and NASDAQ future into negative territory on the day.
- JPY rallies, pushing USD/JPY well through the intraday lows of 152.39, while AUD falls sharply: AUD/USD now trades below the 100-dma support for the first time since mid-August.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
OPTIONS: Expiries for Sep11 NY cut 1000ET (Source DTCC)
Sep-10 15:04
- EUR/USD: $1.1635-50(E3.4bln), $1.1700(E1.1bln), $1.1735-50(E2.2bln), $1.1775(E645mln), $1.1800(E1.3bln), $1.1825(E2.2bln), $1.1850-65(E1.3bln)
- USD/JPY: Y145.75($1.1bln), Y146.50($690mln), Y146.80($650mln), Y147.10-20($1.2bln), Y149.00-15($801mln), Y150.00($1.1bln)
- GBP/USD: $1.3600(Gbp609mln)
CHINA: Annual Policy Report Prioritises Domestic Demand And Advancing Innovation
Sep-10 14:57
MNI London: Reuters reporting excerpts from the annual report on the implementation of this year's economic and social development plan, delivered by Zheng Shanjie, head of the National Development and Reform Commission, at the second plenary meeting of the 14th National People's Congress Standing Committee's 17th session in Beijing today.
- The report says policymakers will “better coordinate domestic economic work and international economic and trade struggles in the second half” and promote “proactive fiscal policy and a moderately loose monetary policy to fully unleash their effects.”
- The report highlights the orderly construction of Yarlung Zangbo River hydropower project as a priority. It advises “capacity management in key industries” and to “continue improving policy toolbox.”
- China Daily notes that the report said policymakers, in half two, “will prioritize releasing domestic demand potential, advancing technological and industrial innovation, deepening reforms, and expanding opening-up.”
- “Authorities will also focus on preventing and defusing risks in key areas, promoting coordinated development between regions and integrated urban and rural development, pushing for green and low-carbon growth, and improving people's livelihoods, according to the report,” per China Daily.
MNI: US EIA: CRUDE OIL STOCKS EX SPR +3.94M TO 424.6M SEP 05 WK
Sep-10 14:30
- US EIA: CRUDE OIL STOCKS EX SPR +3.94M TO 424.6M SEP 05 WK
- US EIA: DISTILLATE STOCKS +4.72M TO 120.6M IN SEP 05 WK
- US EIA: GASOLINE STOCKS +1.46M TO 220.0M IN SEP 05 WK
- US EIA: CUSHING STOCKS -0.36M TO 23.9M BARRELS IN SEP 05 WK
- US EIA: SPR +0.51M TO 405.2M BARRELS IN SEP 05 WK
- US EIA: REFINERY UTILIZATION WEEK CHANGE +0.6% TO 94.9% IN SEP 05 WK
