Markets experienced some turbulence last week as freefalling bond yields concerned investors and fueled an unwind of the reflation trade. Will volatility continue in the week ahead?
Archiv für den Monat: Juli 2021
Iron Ore to Rise Further as US Infrastructure Deal Aids Recovery Outlook: Q3 Top Trading Opportunities
Iron ore prices look primed to rise further in Q3 as a developing US infrastructure plan underpins an already bright outlook amid a global recovery.
US futures mixed ahead of North American trading
Tech leads the way while others lag
A mixed picture after the gains on Friday, with European indices also looking more mixed and tepid so far on the session. The risk mood is still largely holding up with bond yields keeping steadier as well in European trading today.
A mixed picture after the gains on Friday, with European indices also looking more mixed and tepid so far on the session. The risk mood is still largely holding up with bond yields keeping steadier as well in European trading today.
Cable down to session lows as the dollar holds firmer on the day
GBP/USD down 50 pips to 1.3849 currently
The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since – more so as European traders entered.
The pair had a great showing on Friday, erasing the week’s losses altogether in a push to the week’s high of 1.3900 at the time. The opening levels today stuck there but there has been a steady retreat since – more so as European traders entered.
Fed’s Barkin: If labour market takes longer to recover, tapering goes a little later
Remarks by Richmond Fed president, Thomas Barkin
A fair assessment on the balance of things by Barkin, who isn’t a voting member in the FOMC this year. He also refuses to comment on his views on rate projection in the WSJ interview, saying that it would be inconsistent with the Fed’s framework. Fair enough.
A fair assessment on the balance of things by Barkin, who isn’t a voting member in the FOMC this year. He also refuses to comment on his views on rate projection in the WSJ interview, saying that it would be inconsistent with the Fed’s framework. Fair enough.
ECB’s de Guindos says that will discuss new forward guidance next week
Further remarks by de Guindos
– That includes new definition of price stability
– Withdrawal of stimulus should be gradual, not premature
I reckon we are going to see a bit of a two-pronged element to the ECB meetings in the months ahead. The first being on when they will be scaling back PEPP purchases, which is to
– That includes new definition of price stability
– Withdrawal of stimulus should be gradual, not premature
I reckon we are going to see a bit of a two-pronged element to the ECB meetings in the months ahead. The first being on when they will be scaling back PEPP purchases, which is to