Vix is back to recent lows around 16 and equities are poised for another positive weekly close after possible rate hikes got pushed into the future & better earnings from Citigroup held up risk appetite. S&P has finally pushed above September highs, so it's logical to expect a final sprint into the weekend.
During the Asian session, we saw NZD CPI which was better than expected, but failed to inspire any further gains in Kiwi. This price/sentiment divergence has me neutral on the Kiwi today, especially after the rise we've seen already this week. Some analysts are now thinking that the RBNZ will remain on hold in the October meeting, whereas the RBA might cut rates, pointing at further downside in AudNzd.
Looking ahead for today, we shall see BoJ's Kuroda on the wires in just over 30 mins; then we have EU CPI which is expected to remain stable from the prior reading; this afternoon we have Cad manufacturing sales (expected to deteriorate) & finally US industrial production (expected better at -0.2% vs -0.4% prior) and UoM confidence figures (expected better at 89 vs 87.2 prior).
S&P Mini
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