Forex Daily Analysis - Wednesday, Sep 26th

Will The USD Continue To Slide?

USD declined to another record low versus the Euro, eyes will be focused on Durable Goods Orders.

Overnight News Bullets

* SW Trade Balance (Aug) out at 0.6B vs. 7.8B expected. Prior at 8.2B
* SW PPI MoM/YoY (Aug) out at -0.4%/4.2% vs. 0.2%/4.9% expected. Prior figures 0.4%/5.5%
* SZ UBS Consumption Indicator (Aug) out at 1.932 vs. 2.258 prior.
* PL Unemployment rate (Aug) out at 12.0% vs 12.0% expected. Prior 12.2%
* SO Repo rate unchanged at 4.25%
* UK Total Business Investment (2Q) QoQ/YoY out at 0.4% / 7.8% vs 0.8% / 7.4% expected. Prior 0.8% / 7.4%
* US Richmond FED Manufacturing Index (Sep) out at 14 vs. 5 expected. Prior 7
* US Consumer Confidence out at 99.8 vs. 104.3 expected. Prior at 105.6
* US Existing Home Sales (Aug) out at 5.50M vs. 5.48M expected. Prior figure 5.75
* NZ Trade Balance (Aug) out at -945M vs -900M expected. Prior -813M
* JN Merchandise Trade Balance (Aug) out at ¥743.2B vs ¥235.5B expected. Prior ¥666.5B.
* JN Adjusted Merchandise Trade Bal (Aug) out at ¥1144.9B vs ¥743.9B expected. Prior ¥878.3B
* AU Conference Board Leading Index (July) out at 0.3%. Prior 0.4%
* AU DEWR Skilled Vacancies MoM (Sep) out at 0.1%. Prior -0.1%

Market

* FX: Dollar drops to yet another low against euro at 1.4162. AUD and NZD both stronger on speculation of further cuts to come from U.S.

O/N Data Heat map:

EU	US	JP	UK	SZ	AU	CA	NZ	NO	SE	FR
	+				-		-		-

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