Month: October 2022

<p>Following remarks out of Japan's Ministry of Finance this morning:</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-intervention-guy-will-continue-to-take-appropriate-action-against-excess-fx-moves-20221023/" rel="follow" target="_self" class="vertical-align-baseline article-link">Japan intervention guy – will continue to take appropriate action against excess FX moves</a></li><li><a href="https://www.forexlive.com/centralbank/japan-finance-minister-suzuki-says-we-are-confronting-speculators-20221023/" rel="follow" target="_self" class="article-link">Japan finance minister Suzuki says we are confronting speculators</a></li></ul><p class="text-align-start vertical-align-baseline">The Bank of Japan intervened to drive USD/JPY to lows circa 145.65:</p><ul class="text-align-start vertical-align-baseline"><li><a
S&P Global / Markit flash PMIs from Australia for October. Manufacturing 52.8 vs. September 53.5 Services 49.0 vs. 50.6 Composite 49.6 vs. 50.9 Australia’s private sector contracted for the first time since January. From the report: Private sector output fell in October amid lower demand for Australian goods and services. Foreign demand continued to expand,
MON: EZ/UK/US Flash PMIs (Oct)TUE: NBH Announcement, German Ifo Survey (Oct), US CaseShiller (Oct)WED: BoC Announcement, BCB Announcement, Australian CPI (Q3), US Adv Goods Trade BalanceTHU: ECB Announcement, South Korean GDP (Q3), German GfK Consumer Sentiment (Oct), German Flash CPI (Oct), US GDP Adv (Q3) and PCE (Q3)FRI: CBR Announcement, BoJ Announcement, Japanese Jobs Report
<p>Closing changes:</p><ul><li>Stoxx 600 -0.6%</li><li>UK FTSE 100 +0.4%</li><li>German DAX -0.4%</li><li>French CAC -1.0%</li><li>Italy MIB -0.8%</li><li>Spain IBEX -0.9%</li></ul><p>Weekly:</p><ul><li></li><li>UK FTSE 100 +1.4%</li><li>German DAX +1.8%</li><li>French CAC +1.9%</li><li>Italy MIB +1.5%</li><li>Spain IBEX +1.8%</li></ul><p>This is the third consecutive week of gains for the CAC 40.</p> This article was written by Adam Button at forexlive.com. Source link