Latest data released by NFIB – 10 August 2021
Kategorie-Archiv: Forex News
Powell reportedly faces growing resistance for second term as Fed chair
It will boil down to either Powell or Brainard for top dog at the Fed
The latest story by the WSJ says that while Biden’s economic team is generally supportive of Powell sticking around for a second term as Fed chair, some Democrats are pushing for a central banker more in sync with the party’s priorities.
The latest story by the WSJ says that while Biden’s economic team is generally supportive of Powell sticking around for a second term as Fed chair, some Democrats are pushing for a central banker more in sync with the party’s priorities.
Germany August ZEW survey current conditions 29.3 vs 30.0 expected
Latest data released by ZEW – 10 August 2021
That is alluding to increasing risks for the German, amid concerns of the spread of the delta variant ahead of autumn and also a potential slowdown in China.
That is alluding to increasing risks for the German, amid concerns of the spread of the delta variant ahead of autumn and also a potential slowdown in China.
Treasury yields rebound stalls to start the week, what’s next?
10-year Treasury yields fall back to 1.28% so far today
The bond market is at a crossroads now after the double-bottom rebound at 1.13% looks to be stalling at the critical 1.30% level as well as the 200-day moving average (purple line), after having seen a strong push on Friday following the NFP report.
The bond market is at a crossroads now after the double-bottom rebound at 1.13% looks to be stalling at the critical 1.30% level as well as the 200-day moving average (purple line), after having seen a strong push on Friday following the NFP report.
Fed on track to taper by year-end – UBS
UBS reacts to Friday’s solid non-farm payrolls report
The firm comments that:
“ Payrolls are 5.7 million below their pre-pandemic peak and that gap is narrowing month by month. The recent increase in COVID-19 case counts adds some uncertainty to the outlook, but we still expect strong job growth in the months ahead.“
Adding that by year-end, there should
The firm comments that:
“ Payrolls are 5.7 million below their pre-pandemic peak and that gap is narrowing month by month. The recent increase in COVID-19 case counts adds some uncertainty to the outlook, but we still expect strong job growth in the months ahead.“
Adding that by year-end, there should
PBOC says will keep yuan exchange rate basically stable
PBOC remarks in its Q2 monetary policy implementation report
Those are the key points to note, which just reaffirms their policy stance over the past few months. When it comes to these, China tends to preempt any imminent changes so the repeat of the commentary above means no change is expected for now.
Those are the key points to note, which just reaffirms their policy stance over the past few months. When it comes to these, China tends to preempt any imminent changes so the repeat of the commentary above means no change is expected for now.
FX option expiries for 9 August 10am New York cut
A look at what is on the board for today
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That may keep price action more contained closer to the July low @ 1.1751, with topside limited closer to the 1.1800 handle for the time being. Besides that, there isn’t any other significant expiries for other pairs to start the new week.
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That may keep price action more contained closer to the July low @ 1.1751, with topside limited closer to the 1.1800 handle for the time being. Besides that, there isn’t any other significant expiries for other pairs to start the new week.
Heads up: Fedspeak later in the day
A couple of Fed speakers on the agenda to start the new week
Here is the schedule:
1410 GMT – Atlanta Fed president, Raphael Bostic, to speak
Bostic will be sharing insights about building an inclusive society and inclusive economy through community collaboration in his today. Given the discussion topic, there shouldn’t be much pertaining to monetary policy
Here is the schedule:
1410 GMT – Atlanta Fed president, Raphael Bostic, to speak
Bostic will be sharing insights about building an inclusive society and inclusive economy through community collaboration in his today. Given the discussion topic, there shouldn’t be much pertaining to monetary policy
Weekend Australia coronavirus – outbreak accelerates
The Delta strain of COVID-19 in Australia is spreading more quickly, weekend reported new cases.
Report on Saturday (i.e. for Friday’s cases) by state.
(Australia’s largest population state) recorded new cases
Report on Saturday (i.e. for Friday’s cases) by state.
(Australia’s largest population state) recorded new cases
Crypto is having a good weekend, ETH is above US$3,000
Ethereum had its update last week (); it was headed higher in the days and weeks leading into it and its gained since:
Ethereum Improvement Proposal (EIP) 1559,
Ethereum Improvement Proposal (EIP) 1559,