Dollar/Yen, Euro/Dollar—Will direction emerge!? A rush of U.S. indicators! ~ Points of focus and outlook for September 6, 2018 ~

◎ Today's Economic Data Schedule

9/6 (Thursday)

10:30 AUDTrade Balance
10:30 JPY Katōka, BOJ Policy Board Member, Speech
14:45 CHF Switzerland GDP
16:30 SEKSweden: Policy Rate Announcement
20:45 EURLautenschlager, ECB Executive Board Member, Speech
21:15 USDADP Employment Report
21:30 CAD Construction Permits
23:00 USD Durable Goods Orders
23:00 USDWilliam, President of the Federal Reserve Bank of New York, Speech
23:00 USDISM Non-Manufacturing Index

9/7 (Friday)

Euro Area Finance Ministers' Meeting

00:00 USD Crude Oil Inventories
03:30 CAD Wilkins, Deputy Governor of the Bank of Canada, Speech
10:30 AUDMortgage Loans

◎ Today's Key Materials

1) United States Economic Indicators

TodayADP Employment ReportandISM Non-Manufacturing Indexand other important indicators will be released. Although expectations for a rate hike this month are less volatile than before, these indicators remain important (notable). The USD/JPY direction remains unclear and trades in a narrow range.

2) Brexit Negotiation Headlines

Yesterdaythe pound surged and then dropped sharplyIn September, markets and politics are moving more seriously. Headlines that attract market attention can move a lot. Be attentive to headlines today as well!

↓↓↓ Yesterday's pound moves are summarized below. Please refer if interested ↓↓↓

Pound Rally and then Fall! Background of the dramatic Pound moves

3) NAFTA Negotiations

This is alsoNAFTA re-negotiations with deadlines approaching. They resumed on the 5th, but agreement has not been reached. In yesterday'smonetary policy meeting (statement), NAFTA renegotiation was listed as a concern. What central banks are watching is the market's reaction; it will be sensitive. I will keep an eye on headlines today as well.

↓↓↓ Summary of yesterday's Canadian rate decision. Please refer ↓↓↓

Canadian policy rate left unchanged; possibility of rate hike at the next meeting?

◎ Positions and Strategy

Short position on EUR/USDis being held. However, I want to tighten the stop.

Although yesterday's quarterly GDP beat expectations, AUD faces limited upside. Therefore,I opened a new Short on AUD/USD.

Additionally,if NAFTA negotiations between Canada and the U.S. reach an agreement, I would like to hold a Long CAD position. I am considering the USD/JPY pair as the currency pair.

◎ Recording Room

I record daily items to check, such as long-term interest rates, stock prices, and remarks by notable figures.

↓↓↓ If you're interested, please refer to ↓↓↓

Record of September 6, 2018: Remarks by Leaders and Long-Term Rates