Closing changes for the main North American markets
On the week:
On the week:
Kategorie-Archiv: Forex News
What’s on the US economic calendar next week
Events to watch out for
It’s a slow start to the week but there is some top-tier data on inflation and the consumer and both will be market movers.
Monday:
Tuesday:
It’s a slow start to the week but there is some top-tier data on inflation and the consumer and both will be market movers.
Monday:
Tuesday:
US 10-year yields grind to a fresh daily high and dollar continues slide
Not the usual correlation
This week’s theme has been lower yields and a higher dollar but it started unwinding yesterday and that has continued.
US 10-year yields are now up 7.2 bps to 1.36% today. That’s 11 bps above yesterday’s lows, which coincided with the 200-day moving average.
This week’s theme has been lower yields and a higher dollar but it started unwinding yesterday and that has continued.
US 10-year yields are now up 7.2 bps to 1.36% today. That’s 11 bps above yesterday’s lows, which coincided with the 200-day moving average.
Cable continues to soar like it’s pricing in an England win
No offense to our Scottish and Welsh readers
The cable bid has been relentless today.
It was briefly squashed on fixing sales but it quickly came back and has been a one-way move that’s now extended to 100 pips. I earlier said that the weekly high of 1.3898 was out of reach before the close but
The cable bid has been relentless today.
It was briefly squashed on fixing sales but it quickly came back and has been a one-way move that’s now extended to 100 pips. I earlier said that the weekly high of 1.3898 was out of reach before the close but
ForexLive European FX news wrap: Bond rally cools, risk trades rejoice
Forex news from the European trading session – 9 July 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%
ECB: Concerns voiced that sustained rise in rates could translate to tightening of broader financial conditions
ECB releases the accounts of its June monetary policy meeting
As mentioned before, September is the key meeting date to watch as that is when they might introduce some changes to the existing PEPP purchases.
As mentioned before, September is the key meeting date to watch as that is when they might introduce some changes to the existing PEPP purchases.
BOE’s Bailey says expects productivity benefits of digitalisation of economy will continue
Comments by BOE governor, Andrew Bailey
Nothing else of note so far but as mentioned earlier , the panel discussion isn’t likely to draw much significant policy remarks from both Lagarde and Bailey.
Nothing else of note so far but as mentioned earlier , the panel discussion isn’t likely to draw much significant policy remarks from both Lagarde and Bailey.
AUD/USD trades to session highs as risk sentiment keeps more positive so far today
AUD/USD turns around the earlier drop to climb to 0.7460
The low today hit 0.7411 in Asian trading, which marked the lowest level for the pair since December, but things are quickly changing now in European trading as risk sentiment is also lookin more positive for the time being.
The low today hit 0.7411 in Asian trading, which marked the lowest level for the pair since December, but things are quickly changing now in European trading as risk sentiment is also lookin more positive for the time being.
PBOC cuts banks‘ RRR by 50 bps w.e.f. 15 July
PBOC slashes the reserve ratio requirements
these
This is the first RRR cut since April last year, when the economy was hit by the pandemic and is another message by Chinese officials that they are still trying to bolster economic growth despite recent concerns that support may be lesser to come by this year.
these
This is the first RRR cut since April last year, when the economy was hit by the pandemic and is another message by Chinese officials that they are still trying to bolster economic growth despite recent concerns that support may be lesser to come by this year.
ECB sets inflation target at 2% after strategy review
ECB announces the results of its latest strategy review
– New strategy adopts symmetric 2% inflation target over medium-term
– This may also imply a transitory period in which inflation is moderately above target
The decision here has been very much expected and is a move away from their previous inflation targeting of „below but close to 2%“.
– New strategy adopts symmetric 2% inflation target over medium-term
– This may also imply a transitory period in which inflation is moderately above target
The decision here has been very much expected and is a move away from their previous inflation targeting of „below but close to 2%“.