After Turkey, the UK, and Europe’s monetary policy announcements, is the risk-on rally underway!? ~ Key events and highlights for September 14 ~

◎ Today's Economic Indicator Schedule

9/14 (Friday)

16:30 SEKSweden CPI (Consumer Price Index)
17:00 EUR Italy HICP
17:00 EURNovotny, Governor of the Austrian National Bank, speech
18:00 EUR Trade Balance
19:00 GBPCarney, Governor of the Bank of England, speech
21:30 USDRetail Sales
22:00 USD Evans, President of the Chicago Fed, speech
23:00 USD Rosengren, President of the Boston Fed, speech
23:00 USD University of Michigan Consumer Confidence Index

9/15 (Saturday)

02:00 USD Baker Hughes Rig Count

◎ Today’s Highlights

1)NAFTA renegotiation and US-China trade war

With the big events of the week behind us and a risk-on mood, market concerns are focused on US-China trade negotiations. NAFTA renegotiations between Canada and the US, which were expected to reach an agreement by the end of last month, have not yet been concluded even as September is halfway through. All eyes are on whether a near-agreement NAFTA renegotiation can be reached.

Additionally, there are planned additional tariffs on China, the third and fourth rounds. The third round of tariffs, targeting $200 billion, has not yet been enacted, and attention remains on when they will be imposed. China has also filed a complaint with the WTO regarding tariffs. Progress in US-China trade talks remains in focus.

2)Comments on Brexit negotiations

With ECB and BoE moves behind us, a sense of direction seems to be emerging. As Brexit negotiation deadlines approach, markets react sensitively to related statements. Negative factors are already priced in, so positive factors may elicit strong reactions. I will be watching closely.

◎ Positions and Strategy Held

Short position on AUD/USD remains held.

Additionally, I have taken a new long position in GBP/JPY. However, I plan to keep stops tight, as there is concern about returning to a downward channel.

GBP/JPY Daily Chart

In addition, NAFTA renegotiation continues to draw attention, and a long position on CAD/JPY is being considered.

Today is effectively a fifty-day day. I will pay attention to the spot and FIX.