📊✨ Quarter-End Market Watch ✨📊
Today marks the final day of Q3 – a period often filled with heightened volatility ⚡ as funds rebalance and liquidity thins.
🇯🇵 Data from Japan showed sharp weakness in industrial production and retail sales, limiting the BoJ’s room for aggressive hikes despite hawkish September minutes.
🇨🇳 Chinese PMIs mostly beat expectations ✅ thanks to recent stimulus, though large state-owned manufacturers remain just under the 50 threshold.
🇦🇺 The RBA kept rates steady at 3.6% 🏦. Still, AUD/USD is pushing higher as policymakers flagged rising inflation risks and a firm economic backdrop.
🗓️ Key Events Today (BST)
07:00 🇬🇧 UK – Q2 GDP (y/y) 1.2% forecast (prev. 1.3%)
07:00 🇩🇪 Germany – Retail Sales (m/m) +0.5% forecast (prev. -1.5%)
07:45 🇫🇷 France – CPI (y/y) +1.3% forecast (prev. 0.9%)
08:00 🇨🇭 Switzerland – KOF Barometer 97.1 forecast (prev. 97.4)
08:55 🇩🇪 Germany – Unemployment 6.3% forecast (prev. 6.3%)
09:00 🇵🇱 Poland – CPI (y/y) +3.0% forecast (prev. 2.9%)
10:30 🇪🇺 ECB’s Christine Lagarde speaks
13:00 🇩🇪 Germany – CPI (y/y) +2.3% forecast (prev. 2.2%)
14:00 🇺🇸 USA – House Price Index (m/m) 0.0% forecast (prev. -0.2%)
14:45 🇺🇸 USA – Chicago PMI 43.1 forecast (prev. 41.5)
15:00 🇺🇸 USA – Consumer Confidence 96 forecast (prev. 97.4)
⚠️ With the looming risk of a US government shutdown 🇺🇸, this could be one of the last macro updates before Friday’s crucial NFP report.
💡 Stay alert – quarter-end flows often bring sudden moves across FX, stocks, and commodities! 🚀
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