A1 Trading

Forex Market Recap (19-24 September 2021)

September 25, 2021
Bart Kurek

As far as the major currency pairs, price action was pretty inline with the usual tendencies when broad risk sentiment dominates. In the end, the Canadian dollar ended up taking the top spot, possibly benefitting not only from the positive shift in risk sentiment on Wednesday, but also on rising oil prices as data showed a decline in inventory.

USD:

  • Building material shortages depress single-family housing
  • Home sales fall, house price inflation cooling
  • The Fed’s new Dot Plot shows officials are now evenly split on whether or not it will be appropriate to begin raising the fed funds rate as soon as next year
  • Weekly jobless claims total 351,000, worse than expected
  • Flash Manufacturing PMI at 60.5 vs. 61.1 in August
  • Services Business Activity Index at 54.4 vs. 55.1 in August

EUR:

  • German PPI rose 1.5% in August
  • French flash manufacturing PMI down from 57.5 to 55.2 vs. 57.1 forecast
  • French flash services PMI down from 56.3 to 56.0 vs. 56.1 forecast
  • German flash manufacturing PMI down from 62.6 to 58.5

GBP:

  • Property asking prices hit record high as buyer demand heats up
  • Public sector borrowing sees second-highest August on record
  • Flash manufacturing PMI down from 60.3 to 58.3
  • Flash services PMI down from 55.0 to 54.6
  • BoE opens the door for 2021 rate hike as inflation seen above 4%
  • UK retail sales growth slows to 6-month low in September

CAD:

  • PM Trudeau wins elections but short of the majority
  • Canada new house prices rise 0.7% in August

JPY:

  • BoJ keeps policy steady, offers a bleaker view on exports
  • BoJ more downbeat on exports, output even as recovery seen on track
  • September manufacturing activity growth slows

AUD:

  • PM Morrison says trade talks with EU will take time
  • Central bank wary in case Delta slows recovery
  • Private sector contraction shows signs of easing in September
  • Australia should do more to contain the housing bubble

NZD:

  • Services activity contracts in August
  • Credit card spending sank by 6.3% in August
  • RBNZ’s Hawkesby quashes bets on an aggressive rate hike in October
  • New Zealand posts N$2.144B trade deficit in August

The EdgeFinder

All-in-one Fundamental Dashboard

30 Days Access

Free Telegram

Join for daily analysis and trade setups!

Join Telegram

DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
Signals

A1 Trading Company

A1 Trading is a leading financial analysis and trading education company dedicated to empowering traders of all levels. Our team combines extensive market knowledge with cutting-edge technology to provide valuable insights and tools for traders worldwide.
2024 All Rights Reserved | A1 Trading Company
There is a significant degree of risk involved in trading securities. With respect to foreign exchange trading, there is considerable risk exposure, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you can afford to take the high risk of losing your money.
homesmartphonelaptop-phonecross-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram