Central bank figures share spotlight

September 26, 2019

A stack of data is slated for publication today, while central bank figures are expected to speak at different events.

The USD once again gained in strength overnight, pushing paired currencies down. The EURUSD opened at $1.10188 and ticked up to a high of $1.1224 in the first hour of trade. It was basically all downhill from there as the slide began slowly and picked up momentum late in the day. The euro fell to lows of $1.09367 in very late trading but has bounced off those lows and is now trading at $1.09514. The GBPUSD followed suit after opening at $1.24886. The pound edged up to a high of $1.24971 early before turning negative a short time later. The pair collapsed to a low of $1.23462 late in the day and is now trading at $1.23585.

The Dow looked set for another negative session until a rally late in the day put it into positive territory. The index opened at 26,873.98 and after briefly rising to 26,931.65, it fell in mid-session trading to lows of 26,746.07. It remained near those lows for a few hours before climbing in late trading, where it peaked at 27,030.72. It is not far off those highs, currently trading at 26,970.67. The Dax opened and closed flat but looked set for a negative session for a large chunk of the day. It began the day at 12,266.22 and nudged up to a high of 12,293.52 early in the day. The Dax then fell to lows of 12,138.80 mid-session. It remained near those levels for a number of hours before rallying late in the day, where it closed at 12,260.33. It has opened lower and is now trading at 12,246.24.

The day ahead sees the publication of a stack of data, while central bank figures will be speaking at different events. The heads of the BoJ, BoE and ECB all speak today, while members of the FOMC will also share their thoughts on monetary policy and the US economy.

Data published today includes:

Europe – German GfK Consumer Climate, ECB Economic Bulletin, European M3 Money Supply, European Private Loans

US – Final GDP, Final GDP Price Index, Goods Trade Balance, Prelim Wholesale Inventories, Unemployment Claims, Pending Home Sales, Natural Gas Storage

 

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