ECB releases the account of its strategy review meeting in July
Kategorie-Archiv: Forex News
Risk sentiment keeps steadier so far on the day
Equities keep the faith post-FOMC, at least for now
European indices are trading up on the day, holding gains around 0.5% to 1.0%, with the Stoxx 600 index holding at record highs in European morning trade.
European indices are trading up on the day, holding gains around 0.5% to 1.0%, with the Stoxx 600 index holding at record highs in European morning trade.
Japan reportedly set to extend state of emergency in Tokyo to 31 August
NHK reports on the matter
Also, to declare state of emergency in four other prefectures – that likely being the three neighbouring Tokyo and Osaka. This rebuffs the reports from throughout the week, with the formal announcement set to be for tomorrow.
Also, to declare state of emergency in four other prefectures – that likely being the three neighbouring Tokyo and Osaka. This rebuffs the reports from throughout the week, with the formal announcement set to be for tomorrow.
FOMC preview: A placeholder meeting for Jackson Hole?
What to expect from the FOMC meeting decision later today?
No changes in terms of policy is expected, so without the accompaniment of updated projections i.e. the infamous „dot plots“ among them, today’s meeting decision will be all about scrutinising the language and the words offered up by Powell.
No changes in terms of policy is expected, so without the accompaniment of updated projections i.e. the infamous „dot plots“ among them, today’s meeting decision will be all about scrutinising the language and the words offered up by Powell.
Japan reportedly mulls state of emergency for Tokyo neighbouring prefectures amid record cases nationwide
Nippon TV reports on the matter
This comes with a record amount of daily cases seen in other prefectures across the country, with Kyoto reporting 175 new cases and Saitama reporting 870 new cases today.
This comes with a record amount of daily cases seen in other prefectures across the country, with Kyoto reporting 175 new cases and Saitama reporting 870 new cases today.
Bitcoin flirts with $40,000 again as buyers stay in search of fresh upside momentum
Bitcoin knocking on the door of $40,000 again today
The high today hit $40,352 but price is trading back just under the key figure level for now, as buyers continue to look poised in search of a fresh upside push.
The high today hit $40,352 but price is trading back just under the key figure level for now, as buyers continue to look poised in search of a fresh upside push.
The jitters abate going into North American trading
Risk a little softer still but the overall mood is much better now
As mentioned earlier, with Chinese markets closed for the day, the market may be able to breathe easier that the bleeding has stopped and knowing the fact that Wall Street also has a knack for buying up dips as seen over the past
As mentioned earlier, with Chinese markets closed for the day, the market may be able to breathe easier that the bleeding has stopped and knowing the fact that Wall Street also has a knack for buying up dips as seen over the past
UK July CBI retailing reported sales 23 vs 25 prior
Latest data released by CBI – 27 July 2021
– Prior 25
Of note, the retail sales expectations balance was 29 for the month ahead in August as opposed to 46 as seen in July previously. CBI notes that stock levels to expected sales reached another record low this month and is expected to remain low in
– Prior 25
Of note, the retail sales expectations balance was 29 for the month ahead in August as opposed to 46 as seen in July previously. CBI notes that stock levels to expected sales reached another record low this month and is expected to remain low in
Risk continues to keep more defensive for the time being
The sour tones from China weighed on sentiment earlier but the bleeding has stopped as local markets are closed now
That is perhaps helping to see the pullback in risk trades abate slightly as the focus now turns towards European trading and attention turning back to the Fed tomorrow.
That is perhaps helping to see the pullback in risk trades abate slightly as the focus now turns towards European trading and attention turning back to the Fed tomorrow.
ECB’s Holzmann: ECB to discuss policy in September alongside forecasts
Holzmann says there is too much uncertainty now for policy decisions
A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December
A lot will depend on how economic releases play out in the weeks ahead but perhaps more importantly, how the virus trend in Europe is progressing amid the spread of the delta variant. If not September, the ECB will have to communicate something by December