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Market Reports

8:39am, September 30th 2019

Another busy week ahead…

As we begin the fourth quarter of 2019 this week, traders and dealers will need to be on their toes as a new set of monthly data will arrive thick and fast. In addition, the Tories currently have their Party Conference in full-swing, many will be keeping a close eye for any new titbits in the realm of Brexit, although PM Johnson is not expected to speak until Wednesday.

First and foremost, the week ahead contains the September US non-farm payrolls release. After the Fed have cut interest rates in 2 consecutive months, participants will be curious to find out whether the jobs market is beginning to weaken or not. Estimates are for 140K jobs to have been produced in the month of September which is a 10K increase on August’s numbers.

Next up, a new round of global monthly PMIs will be closely watched. From the UK’s perspective, the usual manufacturing, construction and services numbers will be released beginning tomorrow. Also from the UK, we’ll have the final read on Q2 GDP which is likely to confirm contraction.

Elsewhere, a monetary policy announcement from the Reserve Bank of Australia will draw a lot of attention tomorrow evening. Governor Lowe has been offering mixed messages on potential for a 3rd cut in 5 months. With rates already down to 1%, another cut would pull them to a new all-time low at 0.75%.

Written by Viv Savani. 8:39am, September 30th 2019

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

9:18am, January 29th 2020

Greenback in focus as first Fed announcement of 2020 arrives tonight…

View Report
9:27am, February 14th 2020

Sterling Jumps Higher As Cabinet Reshuffle Surprises

View Report
8:45am, February 17th 2020

A Busy Week For Economic Data

View Report


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