Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride

By City Index (Matt Simpson)ETFsSep 25, 2019 02:46AM ET
www.investing.com/analysis/market-brief-markets-take-trumps-impeachment-inquiry-within-stride-200467762
Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride
By City Index (Matt Simpson)   |  Sep 25, 2019 02:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Daily % Candles
Daily % Candles

FX Brief:

  • RBNZ held rates as expected, although scope for further fiscal and monetary stimulus remains “if needed”. Data since their August MPS (Monetary Policy Statement) didn’t warrant a significant change to their outlook and RBNZ are “pleased” with their lower currency – points we both outlined in yesterday’s RBNZ preview.

    NZD and USD are the strongest majors, JPY and AUD are the weakest, although ranges remain narrow outside of NZD pairs.

  • NZD/USD hit a 5-day post meeting, AUD/NZD broken beneath key support to confirm a double top and the biggest gainer is NZD/JPY, currently the only pair to exceed its typical daily range.
  • As for the dollar, it’s retraced from yesterday’s lows across the board yet several pairs warrant a closer look; USD/CHF is trying to break its bullish trendline form August, USD/CAD is trying to carve out a top, USD?JPY is back above 107 and EUR/USDis considering another break of 1.10.
  • Cryptocurrencies have made a minor effort to pare losses endured during yesterday’s crypto rout. Yet given the double-digit losses sustained across the board, traders may be on the look out for a dead-cat bounce to fade.
  • Asian Cash Indices % Change
    Asian Cash Indices % Change

    Equity Brief:

  • Democrats launched a formal impeachment inquiry into Donald Trump, although this could be the slow path to nowhere as it will require at least 20 Republican’s to flip on Trump to officially oust him. After no doubt many investigations. S&P 500 Emini Futures are taking it all within stride and trade slightly higher on the session.
  • Still, it didn’t prevent the S&P/ASX 200 rolling over at the open and equities across Asia are mostly in the red. At the sector level, info tech and utilities lead the ASX200, energy and materials lag. Iron ore prices also weighed on miners, with iron ore producer Mount Gibson Iron Ltd (ASX:MGX) falling over 8% on the session. At the other end of the board is Afterpay Touch Group Ltd (ASX:APT), which rallied to an all-time high after filing its external audit report, which found no evidence of money laundering or terrorism financing activity. The broader ASX has seen 31.4% stocks advance, 45.5% decline and 23.1% unchanged.
  • The Hang Seng is the biggest decliner among the indices we closely track and currently trades at a 3-week low. The Nikkei 225 sank to a 5-day low (although mean reversion appeared overdue anyway) whilst FTSE China A50 and KOSPI 200 remain relatively unscathed relative to their cycle highs.
  • Economic Calendar
    Economic Calendar

    Original Post

    Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride
     

    Related Articles

    BlackBull Markets
    Yellow Card For Sports ETF By BlackBull Markets - Sep 01, 2021

    Cristiano Ronaldo announced that he would be leaving Juventus Football Club (MI:JUVE) and returning to play for the club where he started his professional career, Manchester United...

    Market Brief: Markets Take Trump’s Impeachment Inquiry Within Stride

    Add a Comment

    Comment Guidelines

    We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

    •            Enrich the conversation, don’t trash it.

    •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

    •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

    • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
    • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
    • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
    • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
    • Only English comments will be allowed.

    Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

    Write your thoughts here
     
    Are you sure you want to delete this chart?
     
    Post
    Post also to:
     
    Replace the attached chart with a new chart ?
    1000
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
     
    Are you sure you want to delete this chart?
     
    Post
     
    Replace the attached chart with a new chart ?
    1000
    Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
    Please wait a minute before you try to comment again.
    Add Chart to Comment
    Confirm Block

    Are you sure you want to block %USER_NAME%?

    By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

    %USER_NAME% was successfully added to your Block List

    Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

    Report this comment

    I feel that this comment is:

    Comment flagged

    Thank You!

    Your report has been sent to our moderators for review
    Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

    Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
    Continue with Google
    or
    Sign up with Email