Today’s Indicator Schedule and Highlights (September 10) ~ Is the market hard to move due to material shortages!? ~

◎ Today's Economic Indicator Schedule

9/11 (Tuesday)

NAFTA Renegotiation

17:30　GBPEmployment change, Unemployment rate, Average earnings
21:15　CAD　Housing starts

9/12 (Wednesday)

02:00　USD　3-year note auction
09:30　AUD　Westpac Consumer Confidence

◎ Highlights for Today

1)UK Employment Statistics

UKpound weakness due to Brexit、concerns about rising prices due to pound weaknessare present. Therefore, focus on the pace of income growth and price growth. Also, today's employment statistics should be watched for the growth rate of average earnings.

2)Trade Negotiations with the United States

The United States is in a state of trade conflict with China.Negotiations with the EU are ongoing, with discussions about possible tariffs on cars.Information indicates renegotiation with Canada on NAFTA on the 11th.Ahead of end of month, trade talks with Japan are in view, with stern statements issued. In particular, tough statements toward Japan caused stock declines recently. Regarding China, preparations for large-scale additional tariffs around $200 billion are reportedly ready. We can't predict what will come out, but the U.S. (President Trump) is approaching midterm elections. Headlines warrant close attention.

3)Brexit Negotiation Headlines

Yesterday tooPound surged on comments by Barnier, the Brexit negotiation chief. In past patterns, negative statements or other negative factors often revert gains. However,Barnier gave a direct lecture, and it was streamed live, which may help this time. Also,there are reports that Barnier has been given more authority,so yesterday's comments may have a strong impact.

Beyond that, we can only hope no opposing voices emerge from the UK. Even if the EU side and Prime Minister May are moving toward an agreement, if the UK public and Parliament oppose it, an agreement may not be reached.

GBP/JPY 5-minute chart

◎ Current Positions and Strategy

Today there are few notable events,with big events awaited on Thursday, so movement may be limited. Yesterday, apart from Barnier’s statements, the market was subdued. Today, I plan to largely stay on the sidelines.

EUR/USD Short Positionwas half-credited. Yesterday’sBarnier's remarks were also positive for the euro. Also, Italian fiscal issues being well-received helped long-term yields fall, which was positive. However, given euro concerns and weight of the rise, I left half of the short position open. If movement remains within a range, I will consider closing the upper range and adding again. Also, if the lower boundary on the time-frame chart breaks, I will add more.

EUR/USD Daily Chart

EUR/USD 1-Hour Chart

AUD/USD Short Position is held. On the daily chart, the downtrend is rapid, so a pullback may occur, but I plan to hold for the long term.

AUD/USD 1-Hour Chart

GBP/JPY Daily Chart shows it is still within a downtrend channel. If GBP/JPY surpasses 146.00, I would consider a long GBP position.

GBP/JPY Daily Chart

GBP/JPY 1-Hour Chart

◎ Recording Room

We record currency strength, stock indices, long-term interest rates, and remarks from key figures.

↓↓↓ For September 7, please refer to below. ↓↓↓

Record Room for September 10, 2018 ~ Key Remarks and Long-Term Rates ~