US Market Open: JPY hit and fixed bid after Ueda, XAU at highs; Fed speak due
9/20/2024
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- European bourses are entirely in the red, with the DAX 40 slightly underperforming as Mercedes Benz cuts guidance; US futures are modestly lower
- Dollar is flat, JPY underperforms after the BoJ kept rates unchanged (as expected), but with Ueda striking a dovish tone at his press conference
- Bonds are slightly bid, taking impetus from the BoJ announcement; Gilts initially underperformed vs peers after hotter-than-expected UK Retail Sales
- Crude is slightly subdued, XAU prints record highs again and base metals are generally stronger
- Looking ahead, Canadian Producer Prices, Retail Sales, EZ Consumer Confidence, Quad Witching, Comments from BoC’s Macklem, ECB’s Lagarde, Fed’s Harker & Bowman
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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