The US Dollar (via the DXY Index) has been creeping higher throughout July, even as US Treasury yields and Fed rate hike expectations have pulled back.
Archiv für den Monat: Juli 2021
Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation
Markets swung wildly last week as fears over the delta variant of covid bulged then faded. EUR/USD, gold, and S&P 500 volatility is poised to linger with the Fed, earnings, and inflation in focus.
Goldman Sachs lowers US Q3 GDP forecast to 8.5% from 9.5% previously
Some risks seeping into the US economy?
On the change, Goldman says that it sees lower 2H 2021 consumption growth on virus risks. If you’re looking at the glass as half-empty, that’s a fair assessment given that another fresh wave of infections is starting to brew in the US.
On the change, Goldman says that it sees lower 2H 2021 consumption growth on virus risks. If you’re looking at the glass as half-empty, that’s a fair assessment given that another fresh wave of infections is starting to brew in the US.
BOE’s Vlieghe: When tightening becomes appropriate, I suspect not much of it will be needed
Remarks by BOE policymaker, Gertjan Vlieghe
– Thinks it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer
This doesn’t exactly scream much of a hawkish tilt and this just means that we’ll likely get more of the same from the BOE going into the August meeting next week.
– Thinks it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer
This doesn’t exactly scream much of a hawkish tilt and this just means that we’ll likely get more of the same from the BOE going into the August meeting next week.
BOE’s Vlieghe: I think it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer
Remarks by BOE policymaker, Gertjan Vlieghe
US reportedly says that talks with China saw a „healthy, professional“ exchange of views
Reuters reports, citing senior US administration officials on the matter
As mentioned earlier in the day, don’t expect much from the talks here in Tianjin. They are merely for the optics and won’t change how things are developing between the two countries given the fact that the officials in attendance aren’t the major „generals“.
As mentioned earlier in the day, don’t expect much from the talks here in Tianjin. They are merely for the optics and won’t change how things are developing between the two countries given the fact that the officials in attendance aren’t the major „generals“.
Cable gains stall at 1.3800 for the time being
GBP/USD sees upside move stall a little so far on the day
The pair has made some good progress as price continues its rebound close to the 4 February low @ 1.3566. The low last week touched 1.3572 and since then, cable has regained solid ground despite a nudge lower on Friday.
The pair has made some good progress as price continues its rebound close to the 4 February low @ 1.3566. The low last week touched 1.3572 and since then, cable has regained solid ground despite a nudge lower on Friday.