Risky assets higher, cryptos sideways, Chine rocking the market

Important news for the week

• Mon, 30th, 03:30 CN Manufacturing PMI.

• Tue, 01st, 11:00 EU CPI flash pmi y/y.

• Wed, 02nd, 14:15 US ADP Nonfarm employment change.

• Thu, 03rd, 08:30 CH CPI  m/m.

• Fri, 04th, 14:30 US Nonfarm payrolls.

Important data looming

This week will offer important data for investors. The positive sentiment in the stock market might continue as the AUD confirmed. Yet on Friday the Nonfarm payroll data could also cause the Greenback to strengthen and hence cause equities to weaken again. The first trading days in October could offer this negative sentiment. Bitcoin and Ether are also correcting slightly and could be vulnerable for losses if they won’t break their respective highs from last week. The JPY seems back on track and might strengthen further. Stocks in Japan seem running lower for now.

Market talk

Markets might be poised for profit taking today due to the last trading day of the month. Stock markets have remained in a sideways pattern and might just remain in softer territory for now. Chinese stocks remain well- bid as investors prefer upside potential due to the support from the government. In general the positive sentiment in the equity sector might be also fueled by the AUD, which keeps breaking higher. Some headwinds might be seen from oil and the Silver market.

Tendencies in the markets

• Equities sideways, USD weak, cryptos sideways, oil weak, Silver weaker, JPY stronger.