20/09/2021 Monday



  • No real impactful data


  • AUD Monetary Policy Meeting Minutes


  • JPY Monetary Policy Statement


  • USD Crude Oil Inventory: prev. -6.4M
  • USD FOMC Economic Projections
  • USD FOMC Statement
  • USD Federal Funds Rate
  • USD FOMC Press Conference
  • CNF SNB Monetary Policy Assessment
  • EUR German Flash Manufacturing PMI: Exp. 61.3
  • EUR German Flash Service PMI: Exp. 60.3
  • CAD Core Retail Sales m/m: Exp. 2.7%
  • CAD Retail Sales m/m: Exp. 2.5%
  • USD Unemployment Claims: Exp. 317K
  • USD Flash Manufacturing PMI: Exp. 61.1
  • USD Flash Service PMI: Exp. 55.1


  • EUR Germain IFO Business Climate: Exp. 99.0


  • USD Fed Chair Powell Speaks
  • USD FOMC Member Williams Speaks

AUDUSD Day’s Range: 0.73220 – 0.72588

We got some important data this week, with the AU monetary policy meeting minutes releasing tomorrow and the U.S. FOMC meeting on Thursday. Investors expect the Federal Reserve meeting this week will give hint on moving towards paring stimulus. Treasury yields rose ahead of the meeting


The New Zealand data was above the market estimation as growth increased 2.8% in Q2. However,  the data does not reflect the consequences of lockdown. Nevertheless, RBNZ may get more confident in increasing their rate based on these better-than-expected data. NZDUSD rallied on the data. August Australia employment showed the impact of strict lockdown on the labor market, with a job loss of 146K in both part-time and full-time works while unemployment remained at 4.5% as the participation rate fell. RBA suggested that the lockdown dragged hours work down by 3.7% (or 66 million hours) as the east coast remains locked.


Concerns over China Evergrande has to impact China’s financial market, it will need to make $669 million in coupon payments through the end of this year. Evergrande’s debt crisis caused real estate shares to be weakened and demand for commodities dropped sharply as investors expect the property will slow down. Iron ore has fallen approximately 9%, copper fell 4% and Gold dropped 2% on the session.

AUDUSD Daily Chart:

Major moves in the market:


  • The S&P 500 fell 0.91%, closed at 4432.99
  • The Nasdaq Composite fell 0.91%, closed at 15043.97
  • Australia’s S&P/ASX 200 dropped 0.76%, closed at 7403.70


  • The Japanese yen was at 110 per dollar
  • The offshore yuan traded at 6.4726 per dollar
  • The Bloomberg Dollar Spot Index rose 0.1%
  • The euro was at $1.1725


  • The yield on 10-year Treasuries advanced two basis points to 1.36% on Friday


  • Brent crude oil was at USD/Bbl 75.16
  • Gold was at USD/OZ 1754.33
  • Iron ore was at USD/T 123


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