Remarks by the Chinese central bank
– Will improve financial risk prevention, warning, disposal and responsibility system
– Will maintain stable operation of stock, bond, and forex markets
This just reaffirms that they are maintaining their current policy stance in light of concerns surrounding China’s economy in general, especially with tech stocks having taken a significant knock over

Forex news from the European trading session – 2 September 2021
Headlines:
Markets:
– AUD and NZD lead, USD lags on the day
– European equities mixed; S&P 500 futures up 0.2%

Latest data released by Challenger, Gray, and Christmas Inc
– Prior 18.9k
US-based employers announced 15,723 job cuts last month, down 17% from July. The total layoffs for the month was the lowest since June 1997 and from a year-on-year comparison, job cuts in August this year were down 86% from August 2020.

Dollar somewhat sluggish in European morning trade
That said, the range for the day is a measly 18 pips so even the latest move here is seen as a bit of a stretch rather than the euro flexing gains against the greenback.

A look at what is on the board for today
Nothing significant on the board once again today as the focus continues to center around tomorrow with the US jobs report due.

Latest data released by Eurostat – 2 September 2021

Forex news from the European trading session – 1 September 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%

ECB policymaker, Yannis Stournaras, remarks to Bloomberg
Not really siding with the hawks there, is he? In any case, expect more of the same by the ECB in their communique this month and then expect follow-up reports to show a difference in opinion among policymakers on inflation and reining in pandemic support.

Latest data from the Mortgage Bankers Association for the week ending 27 August 2021
–  +1.6%
– Market index 719.4 vs 737.1 prior
– Purchase index 259.0 vs 257.5 prior
The drop in the past week largely comes a decline in refinancing activity with purchases keeping steadier after the rise in the week before. That said, and that

A look at what is on the board for today
Nothing too significant to take note of on the day, though there is a relatively big one for EUR/USD at 1.1825 offering some interest as a magnet to price action.