Morning Call Script - 12 Sept 2023
Overnight asset drivers + the impending data calendar
As we enter a new trading month, @HarksterHQ is happy to announce the evolution of its content offering. Of course, The Morning Hark will continue to arrive in your inbox around 8am London, and we would like to take this opportunity to thank the ~16k loyal subscribers for their support. Going forward, we will also be adding Harkster's Morning Call Script. This will focus on the overnight asset drivers and the impending data calendar. It will be particularly useful for those presenting on morning calls on the sell and buy side. Publication Time: 6:30 - 6:45am.
What's Moved:
FX: The waiting game... not a lot of price displacement from yesterday's London open to todays, as the market sits and waits for US CPI. Battle lines have been drawn, positions have been set, no reason to add/reduce positioning until we see if the markets fear of a pop in inflation are real. (EURUSD 1.0738, USDJPY 146.80, GBPUSD 1.2510, AUDUSD 0.6425)
Ukraine/Russia back in focus following the G20 summit, WSJ reporting North Korea's Kim plans to travel to meet Putin
Something to listen too on the commute, JPM Podcast Global FX: Take-aways for US rates and FX pre- ECB and Fed
Data: Second tier with consumer confidence in Australia dropping to 79.7 from previous 81.0
Fixed Income: BBG reporting Three year Treasury Note Auction Draws Highest Yield Since 2007
The Day Ahead:
GBP (07:00): Labour data and Wages
NOK (07:00): GDP
EUR (08:00): Spanish CPI
EUR (10:00): German ZEW
USD (18:00): US10s Auction
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