- During the session in APAC markets, several Japanese officials commented on recent movements in pairs linked to the Japanese yen, which could take on the appearance of a kind of verbal intervention in the FX market.
- Kanda communicated that he was concerned about sudden unilateral currency movements, while Matsuno added that sudden movements were undesirable.
- The Japanese yen fared slightly better today, nevertheless it is still trading above the 151.20 zone.
- Today's session will bring investors a number of important macro readings. On the schedule, among others: industrial PMI data readings for many economies of the world, ADP data from the US, ISM data for industry from the US, JOLTS data from the US, US oil inventory report. The day will culminate with the FOMC's interest rate decision, which is the highlight of the day.
- China's October Caixin Manufacturing PMI 49.5 (vs. 50.8 expected)
- Final Australian manufacturing PMI for October: 48.2 (vs. 48.7 previously)
- U.S. and European futures are trading higher, with the DE30 gaining 0.18% and the US100 trading 0.05% higher
- Brent loses 0.49%, and US gas prices are down 0.28%. Yesterday's API survey data came in slightly below expectations.
- Asia-Pacific indices outperformed, with the Nikkei gaining 2.36%, the S&P/ASX 200 adding 0.85%, the Kospi gaining 1.06% and the Nifty 50 trading 0.2% lower.
- Cryptocurrencies are trading in a slightly weaker mood - Bitcoin is losing 0.48%, Ripple is down 2%, and Solana is gaining nearly 0.1%.
- Precious metals are losing, with gold slipping 0.2% and silver down 0.75%.
- The JPY and CHF are the strongest of the major currencies, while the NZD and GBP perform the weakest
AMD Q3 results:
- Q3 Rev. $5.8b, Est. $5.7b
- Q3 Adj. Oper Margin 22%, Est. 21.6%
- Q3 Adj. Oper Income $1.28b, Est. $1.27b
- Sees Q4 Rev. $5.8b To $6.4b, Est. $6.4b
- Sees Strong Growth In Data Centre In Q4
- Sees Added Softening Of Demand In Embedded Markets In Q4
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Heatmap of the FX market, which illustrates the volatility on each currency pair at the moment. Source: xStation 5
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