Moderna says a third dose of the vaccine is likely necessary
That seems to be the argument among vaccine producers these days, which serves to add to their bottom line. But from a health perspective, if absolutely necessary, this poses a risk for the economic recovery globally if more and more vaccinated persons also start to

Forex news from the European trading session – 4 August 2021
Headlines:
Markets:
– NZD leads, CAD lags on the day
– European equities higher; S&P 500 futures down 0.2%

Latest data from the Mortgage Bankers Association for the week ending 30 July 2021
–  +5.7%
– Market index 734.3 vs 737.9 prior
– Purchase index 247.5 vs 251.7 prior

A look at what is on the board for today
A couple of large ones layered for EUR/USD on the day, as highlighted in .
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They are all trapped in between 1.1830-60, which amounts to roughly €3.2 billion worth of expiries. That matches up with near-term technical levels, with the key hourly moving averages seen @ 1.1838 and

Latest data released by Eurostat – 4 August 2021

Latest data released by Markit/CIPS – 4 August 2021
The preliminary report can be found . That’s a decent bump in the final readings but it still reaffirms the slowest growth in UK business activity since March.

Forex news from the European trading session – 3 August 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities higher; S&P 500 futures up 0.3%

USD/CHF drops to 0.9025, its lowest level since 16 June
The dollar is keeping a little softer on the day but the franc is putting up a modest advance against the greenback as sellers stay in the hunt of an eighth straight day of gains in USD/CHF, having pushed past the 200-day moving average (blue line)

Remarks by St Louis Fed president, James Bullard
For this week, watch out for Fed vice chair Clarida’s speech tomorrow as he will be speaking about so that might cover some views on when and where taper discussions will come in for the Fed.

A look at what is on the board for today
A couple of ones to take note of on the day, as highlighted in .
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The large ones for EUR/USD fits in between its key hourly moving averages of 1.1825-65 so that might help to limit any major downside move. But also just be aware that there