Important Risk Disclosure Daily FX Focus 9/1/217 Investment involves risk. It is important to note that the capital value of investments and the income from them may go down as well as up and may become valueless and you may not get back the amount originally invested. Past performance contained in this document is not a reliable indicator of future performance. Currency conversion risk the value of your foreign currency and RMB deposit will be subject to the risk of exchange rate fluctuation. If you choose to convert your foreign currency and RMB deposit to other currencies at an exchange rate that is less favourable than the exchange rate in which you made your original conversion to that foreign currency and RMB, you may suffer loss in principal. Currency Current Trend Last week, RBA kept interest rate unchanged in October, but reemphasized its concerns AUD vs USD.7742 /.796 about AUD strengthening. Last week, AUDUSD once dropped to.773 levels. The upcoming release will be Australia's September NAB Business Confidence index. Last week, Catalonia referendum continued to weigh on EUR. Last week, EURUSD once EUR vs USD 1.1679 / 1.194 dropped to 1.1667 levels. The upcoming release will be France August Industrial Production figure. Last week, UK domestic political uncertainty and slow Brexit negotiation progress weighed GBP vs USD 1.2834 / 1.3474 on GBP. Last week, GBPUSD once dropped to 1.324 levels. The upcoming release will be UK's August Industrial Production figure. Last week, New Zealand GDT price index fell. Last week, NZDUSD once dropped to.757 NZD vs USD.73 /.7293 levels. The upcoming release will be New Zealand's September House Sales. CAD Support / Resistance vs USD 1.2256 / 1.2614 Market commentary Last week, Canada September net change in employment was lower than expected. Last week, USDCAD once touched 1.2597 levels. The upcoming release will be Canada's September Housing Starts figure. JPY vs USD 19.6 / 114.46 Last week, Japan August labour cash earnings YoY beat expectation. Last week, USDJPY traded within the range of 112.31 113.43. The upcoming release will be Japan's August Current Account Balance. * Current Trend observations pertain to historical trend technical analysis only and do not reflect any forward looking fundamental views. The signal is generated with the the 2 days moving average as the main determining factor. A secondary reference, the 5 day moving average, can be used if needed. Consolidation, indicates that the currency's movement against USD has remained sideways Up Trend, indicates that the currency has been moving higher against the base currency Down Trend, indicates that the currency has been moving lower against the base currency AUD Last week, RBA kept interest rate unchanged in October, but reemphasized its concerns about AUD strengthening. Last week, AUDUSD once dropped to.773 levels. The upcoming release will be Australia's September NAB Business Confidence index. 9 Oct.777 (~) Australia Q2 GDP rose 1.8% YoY, same as pervious quarter Daily change:.9% ( ) Australia Q2 CPI rose.2% YoY, lower than an increase of.5% in previous quarter High.8124 (~) Australia August unemployment rate arrived at 5.6%, same as pervious month Low.796 Support*.7742 ( ) Australia September Commodity Price Index arrived at 18.3%, lower than 2.8% in previous Resistance*.796 month.85.8.75.7 AUD/USD 6 month Chart AUD/USD 1 day moving average 2 day moving average.65 9 AUD/USD 6 month 7 day RSI 6 3
9/1/217 EUR ECB remained interest rate unchanged in September and said that QE tapering would be discussed in October meeting. Last week, Catalonia referendum continued to weigh on EUR. Last week, EURUSD once dropped to 1.1667 levels. The upcoming release will be France August Industrial Production figure. 9 Oct 1.173 Daily change:.4% ( ) Germany Q2 GDP rose.6% QoQ, lower than an increase of.7% in previous quarter High 1.292 (~) Eurozone September CPI rose 1.5% YoY, same as pervious month Low 1.1831 (+) Germany September manufacturing PMI arrived at 6.6, higher than 59.3 in previous month Support* 1.1679 ( ) Germany September Business Climate arrived at 115.2, lower than 115.9 in previous month Resistance* 1.194 1.2 EUR/USD 6 month Chart EUR/USD 1 day moving average 2 day moving average 1.15 1.1 1.5 1..95.9 9 EUR/USD 6 month 7 day RSI 6 3 GBP BoE kept interest rate unchanged in September, but said it might withdraw some stimulus policies within the next few months. Last week, UK domestic political uncertainty and slow Brexit negotiation progress weighed on GBP. Last week, GBPUSD once dropped to 1.324 levels. The upcoming release will be UK's August Industrial Production figure. 9 Oct 1.36 Daily change:.25% ( ) UK Q2 GDP final value rose 1.5% YoY, lower than an increase of 1.8% in previous quarter's preliminary value High 1.3656 (+) UK August CPI rose.6% YoY, higher than a decrease of.1% in previous month Low 1.316 (+) UK ILO July's 3Mths unemployment rate was at 4.3%, lower than 4.4% in previous month Support* 1.2834 ( ) UK September Nationwide House Prices All Houses rose 2% YoY, lower than an increase of 2.1% in previous month Resistance* 1.3474 1.4 GBP/USD 6 month Chart GBP/USD 1 day moving average 2 day moving average 1.35 1.3 1.25 1.2 1.15 1.1 9 GBP/USD 6 month 7 day RSI 6 3
9/1/217 NZD RBNZ kept interest rate unchanged in September as expected and indicated that a weaker NZD was helpful for more balanced economic growth. Last week, New Zealand GDT price index fell. Last week, NZDUSD once dropped to.757 levels. The upcoming release will be New Zealand's September House Sales. 9 Oct.79 Daily change:.61% (~) New Zealand Q2 GDP rose 2.5% YoY, same as pervious quarter High.7433 ( ) New Zealand Q2 CPI rose 1.7% YoY, lower than an increase of 2.2% in previous quarter Low.717 (+) New Zealand Q2 unemployment rate arrived at 4.8%, lower than 4.9% in previous quarter Support*.73 (+) New Zealand September Commodity Price Index arrived at.8%, higher than.8% in previous month Resistance*.7293.8.75.7.65 NZD/USD 6 month Chart NZD/USD 1 day moving average 2 day moving average.6 9 NZD/USD 6 month 7 day RSI 6 3 JPY BOJ kept interest rate unchanged in September as expected, but lowered its inflation projections. Last week, Japan August labour cash earnings YoY beat expectation. Last week, USDJPY traded within the range of 112.31 113.43. The upcoming release will be Japan's August Current Account Balance. 9 Oct 112.63 Daily change:.67% ( ) Japan Q2 GDP rose 1.4% YoY, lower than an increase of 1.5% in previous quarter High 112.71 (+) Japan August CPI nationwide ex fresh food rose.7% YoY, higher than an increase of.4% in previous month Low 17.31 (+) Japan September manufacturing PMI arrived at 52.9, higher than 52.2 in previous month Support* 19.6 (~) Japan August Industrial Production rose 2.1% MoM, same as pervious month Resistance* 114.46 125. 115. 15. USD/JPY 6 month Chart USD/JPY 1 day moving average 2 day moving average 95. 9 USD/JPY 6 month 7 day RSI 6 3
9/1/217 CAD The Bank of Canada unexpectedly raised interest rates by 25 basis points in July and September. Last week, Canada September net change in employment was lower than expected. Last week, USDCAD once touched 1.2597 levels. The upcoming release will be Canada's September Housing Starts figure. ` 9 Oct 1.253 ( ) Canada July GDP rose 3.8% YoY, lower than an increase of 4.4% in previous month Daily change:.17% (+) Canada August CPI rose 1.4% YoY, higher than an increase of 1.2% in previous month High 1.2415 (~) Canada September unemployment rate arrived at 6.2%, same as pervious month Low 1.257 Support* 1.2256 (+) Canada September Manufacturing PMI arrived at 55, higher than 54.6 in previous month Resistance* 1.2614 1.5 1.4 1.3 1.2 USD/CAD 6 month Chart USD/CAD 1 day moving average 2 day moving average 1.1 9 USD/CAD 6 month 7 day RSI 6 3
Important Economic Data Release Daily FX Focus 9/1/217 Analysts Previous Actual
9/1/217 Current Prior Date Current Prior Date FED Fund 1.25 1.25 Canada (BOC) 1..75 Europe (ECB).. Japan (BOJ).1.1 UK (BOE).25.25 Malaysia 3. 3. Australia (RBA) 1.5 1.5 Taiwan 1.38 1.38 New Zealand (RBNZ) 1.75 1.75 Indonesia 6.5 6.5 Please take note that the primary sources of all the charts are from Reuters dated 9 Oct 217 before 9: am This document is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. The information contained in this document has not been reviewed in the light of your personal financial circumstances. You should carefully consider whether any investment views and investment products are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. Whilst every care has been taken in preparing this document, the Bank makes no guarantee, representation or warranty to its accuracy, timeliness or completeness. The Bank is not responsible for any loss, damages or other consequences of any kind that you may incur or suffer as a result of or in relation to your use of or reliance on this document. The contents of this document are subject to change without notice. Some of the information in this document is derived from third party sources as specified at the relevant places where such information is set out. The Bank believes such information to be reliable but it has not independently verified. You SHOULD NOT reproduce or further distribute the contents of this document to any person or entity, whether in whole or in part, for any purpose. Issued by HSBC Bank (China) Company Limited