Market Brief
The Usd was stronger in the Asian session, after one of the worst sessions on Wall Street in history. The EurUsd traded down to 1.4360 after a brutal spike to 1.4570, as the US House of Representatives rejected the Bailout plan. The Jpy was the big gainer across the board, as traders looked to pair down risk. The UsdJpy broke the 105.00 lvl trading down to 104.53. Asian stock markets are lower following the collapse on Wall Street, with the Nikkei leading the losers -4.11%. European futures are point to another torrid day with the FTSE -5.09%. Crude is trading lower at $94.23bll while gold is slightly higher at $902.08oz. The markets will be waiting anxiously to see if an amended bill can be passed when the House returns from holiday on Wednesday. The plan was defeated 205 to 228 in what we see as primarily political wrangling and expect later this week a compromise to be reached.
Considering the overall volatility in markets, FX has been relatively subdued. However, fx implied vols are reaching very high levels, as traders are expecting a significant move. Today, market participants will be watching the equity markets for any change in sentiment.
| Global indexes | Current level | % Change |
| Nikkei 225 Index | 11,259.86 | -4.11 |
| Hang Seng Index | 17,674.92 | -1.15 |
| Shanghai Index | 2,293.78 | -0.16 |
| FTSE 100 Index | 4,743.72 | -1.55 |
| CAC 40 Index | 3,900.25 | -1.34 |
| SMI Index | 6,442.01 | -0.89 |
| DJIA futures | 10,668.00 | 1.85 |
| World markets | Current level | % Change |
| Gold | 898.2 | -1.39 |
| Silver | 12.98 | -1.18 |
| VIX | 46.72 | 34.48 |
| Crude wti | 94.38 | -2.02 |
| USD Index | 77.86 | 0.49 |
| Todays calender | Estimates | Previous | Country / GMT |
| Case-Shiller 20-City House Price Index (Jul) | -16.00% | -15.90% | US / 13.00 |
| Industrial Product Price m/m | -0.3 | 0.4 | CA / 13.30 |
| Chicago PMI (Sep) | 53 | 57.9 | US / 13.45 |
| Conference Board Consumer Conf. Index (Sep) | 55 | 56.9 | US / 14.00 |
| GDP m/m (aug) | 0.20% | 0.10% | CA / 13.30 |
Currency Tech
AUDUSD
R 3: 0.8469
R 2: 0.8380
R 1: 0.8348
CURRENT: 0.8061
S 1: 0.7935
S 2: 0.7802
S 3: 0.7676
EURJPY
R 3: 155.30
R 2: 153.01
R 1: 151.72
CURRENT: 150.68
S 1: 148.84
S 2: 147.51
S 3: 147.04
USDSGD
R 3: 1.4478
R 2: 1.4373
R 1: 1.4355
CURRENT: 1.4273
S 1: 1.4238
S 2: 1.4184
S 3: 1.4054
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
