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22/10/2021 Friday



  • BOE Gov Bailey Speaks
  • NZD CPI q/q: exp.1.5% vs. 2.2%
  • CNY GDP q/y: exp. 5.0% vs. 4.9%
  • CNY Retail Sales y/y: exp. 3.5% vs. 4.4%



  • USD Industrial Production m/m: 0.3% vs.-1.3%
  • AUD Monetary Policy Meeting Minutes



  • GBP CPI y/y: exp. 3.2% vs.3.1%
  • CAD CPI m/m: prev. 0.1% vs.0.2%



  • USD Crude Oil Inventories: exp. 6.1M vs. -0.4M
  • USD Philly Fed Manufacturing Index: exp. 25.1 vs. 23.8
  • USD Unemployment Claims: exp. 298K vs. 290K



  • AUD Gov Lowes Speaks
  • GBP Retail Sales m/m: exp. 0.7%
  • EUR German Flash Manufacturing PMI: exp. 54.3
  • EUR German Flash Service PMI: exp. 55.2
  • EUR Flash Manufacturing PMI: exp. 55.6
  • EUR Flash Service PMI: exp. 54.5



  • USD Flash Manufacturing PMI: exp. 60.5
  • USD Flash Service PMI: 55.3
  • USD Treasury Currency Report



AUDUSD Day’s Range: 0.75465 – 0.74585


Looking back to the week, China’s third-quarter GDP figure grew at a disappointing rate of 4.9% as industrial activity rose less than expected in September, retail sales were at 4.4%, better than the market expectation of 3.5%. The RBA meeting minutes on Wednesday reinforced the condition for a rate hike – return to full employment and actual inflation between 2% – 3%. U.S. jobless claims hit another pandemic-era low last week, indicating a tightening labor market. The advance figure for the seasonally adjusted initial claim was 290,000, a decrease of 6,000 from the previous week’s revised level.


AUDUSD continued to move higher yesterday due to the bullish momentum, touching a high of 0.75465, however, the sentiment turned sour in the afternoon as investors concerned about Evergrande’s default risk. AUDJPY dropped sharply as demand for safe-haven JPY increased. Evergrande has until this weekend to pay its $83.5 million coupons, and if Evergrande fails to pay before the grace period ends, then there will be a severe consequence. Chief economics and director of the World Bank said the surge in energy price poses significant near-term risks to global inflation and could weigh on growth in energy-importing countries.


AUDUSD Daily Chart:




Major move in the market:


  • The S&P 500 rose 0.3% , closed at 4549.78
  • The Nasdaq 100 dropped 0.52%, closed at 15397.75
  • The Dow Jones Industrial Average dropped 0.02%, closed at 35603.08
  • S&P/ASX 200 rose 0.02%, closed at 7415.40



  • The Bloomberg Dollar Spot Index rose 0.2%
  • The euro fell 0.2% to $1.1623
  • The British pound fell 0.3% to $1.3788
  • The Japanese yen rose 0.3% to 114.02 per dollar



  • The yield on 10-year Treasuries advanced two basis points to 1.68%
  • Germany’s 10-year yield advanced two basis points to -0.10%
  • Britain’s 10-year yield advanced five basis points to 1.20%



  • Brent crude oil was at USD/Bbl 84.46
  • Gold was at USD/OZ 1783.92
  • Iron ore was at USD/T 122.89