A1 Trading Company

Ticker tape by TradingView

September 19, 2021

Forex Market Recap (12-17 September 2021)

Bart Kurek

This week’s risk sentiment vibes looks to be one of risk-off, likely influenced by the never-ending pandemic uncertainty, as well as bearish economic updates & news from China. The USD and JPY out performed the rest of the majors, typical results in a risk-off environment. The USD also benefitted greatly from the positive US retail sales data update, launching it higher on Thursday.

USD:

  • August budget deficit falls as revenues recover
  • House Democrats propose new tax hikes to pay for their $3.5T bill
  • Inflation coming off the boil as prices increase slowly in August
  • Jobless claims: Another 332,000 individuals filed new claims last week
  • Online purchases boost retail sales; labour market recovering
  • Philly Fed factory index falls in July to lowest since December
  • Long-end Treasury yields post the biggest drop in a month as traders recalibrate expectations for Fed’s next hiking cycle

EUR:

  • The number of employed Italians increased by 338K (+1.5%) q/q in Q3
  • German Wholesale prices in August 2021: +12.3% vs August 2020
  • French central bank raises growth outlook as economy booms
  • Euro area job vacancy rate at 2.3%; EU rate at 2.2%
  • Industrial production up by 1.5% in the euro area & by 1.4% in the EU
  • Annual inflation up to 3.0% in the euro area; Up to 3.2% in the EU
  • Production in construction up by 0.1% in the euro area and down by 0.1% in the EU

GBP:

  • Employee numbers surge above pre-pandemic levels
  • Britain delays Brexit border checks as food industry warns of permanent shortages
  • Headline CPI jumped from 2.0% to 3.0% vs. 2.9% forecast
  • House prices fall as property market cools
  • Retail sales slumped 0.9% in August vs. projected 0.5% rebound
  • Consumer inflation expectations up from 2.4% to 2.7%

CAD:

  • Trudeau slammed over rising inflation as election race tightens
  • Annual CPI rises 4.1% in August, highest level since 2003
  • Housing starts trended lower in August
  • Trudeau holds a slight election edge, with help from his opponents

JPY:

  • Wholesale inflation on the rise on higher yen-based imports
  • BSI manufacturing index rebounded from -1.4 to +7.0
  • BOJ’s Kuroda: Japan inflation to reach 2% goal, but not before 2023
  • Japan exports slow as supply chain hiccups hit factories

AUD:

  • House prices post record quarterly rise
  • RBA Lowe says Australia won’t see any interest rate hikes for years thanks to the Delta outbreak
  • Westpac consumer sentiment rebounded 2.0% in Sept
  • Inflation and wage expectations higher in September
  • Employment slides in August as lockdowns slash workers’ hours

NZD:

  • Food prices rise for the fifth consecutive month as tomato growers ‘try to survive’
  • Economy surges in Q2, supporting rate hike call
  • Manufacturing index down from 62.2 to 40.1 in August

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
Best Currency to Buy?

As the fiscal year comes to a close, consumers will likely finish shopping for the holidays, and traders and investors will get some respite thanks to a long weekend due to bank holidays around the world. While concerns about further stock market selloffs may be lingering in the minds of some, a promising set of […]

Read More
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
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram