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Oct 1, 2015

AUD/USD points to consolidation between 0.69-0.71 – OCBC

FXStreet (Edinburgh) - The Aussie dollar could be poised for further consolidation vs. the greenback between 0.69 and 0.71, suggested Emmanuel Ng, FX Strategist at OCBC Bank.

Key Quotes

“The Sep AiG performance of manufacturing index improved slightly to 52.1 from 51.7 the previous month and the supportive China PMIs this morning should keep the AUD-USD slightly buoyant intra-day”.

“We however still expect range bound behavior within the confines of 0.6900- 0.7100”.
Oct 1, 2015

JPY: Tankan survey dampened easing expectations from BoJ - MUFG

Lee Halpenny, Currency Strategist at MUFG, suggests that the Tankan survey is unlikely to materially reinforce the case for further monetary easing from the BoJ on its’ own although expectations are likely to continue to build given ongoing weakness in the hard economic data which has increasingly provided evidence that Japan’s economy may have entered technical recession in Q3.
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Oct 1, 2015

CAD: Central bank’s easing cycle is over – BBH

Research Team at BBH, suggest that the better than expected July GDP figures from Canada yesterday helped solidify ideas that the central bank's mini-easing cycle (two rates cuts this year) is over.
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