Latest data released by Destatis – 31 August 2020
Kategorie-Archiv: Forex News
Baden Wuerttemberg August CPI +0.3% vs +0.3% y/y prior
Latest data released by Destatis – 31 August 2020
This just reaffirms expectations that the German national reading should see headline annual inflation come in similar to July at around -0.1% y/y or 0.0% y/y. As mentioned earlier, all the state readings generally just give out the impression that price pressures remain more subdued in August
This just reaffirms expectations that the German national reading should see headline annual inflation come in similar to July at around -0.1% y/y or 0.0% y/y. As mentioned earlier, all the state readings generally just give out the impression that price pressures remain more subdued in August
Major currencies keep a bit more mixed on the session
The yen trails on a slightly more positive risk appetite
There is little change for the most part and the technical picture since the end of last week remains largely intact as we get the new week underway.
There is little change for the most part and the technical picture since the end of last week remains largely intact as we get the new week underway.
Former Japanese defence minister Ishiba set to run for LDP leadership election
Asahi News reports on the matter
Shigeru Ishiba is likely also a strong contender for the Japanese prime minister post with opinion polls showing he was the people’s choice to succeed Abe.
Shigeru Ishiba is likely also a strong contender for the Japanese prime minister post with opinion polls showing he was the people’s choice to succeed Abe.
Japan’s Suga said to indicate that he will stand for LDP leadership election
Nikkei and Reuters both reporting on the matter, citing sources
reported
reported
US stocks finish strongly to cap another great week in global equities
Closing changes for the main bourses
On the week:
Europe weekly:
I that this party was going to last a long time.
warned you back in June
On the week:
Europe weekly:
I that this party was going to last a long time.
warned you back in June
ForexLive Americas FX news wrap: Dollar circles the drain
Forex news for New York trade on August 28, 2020:
Markets:
– Gold up $35 to $1964
– WTI crude flat at $42.97
– US 10-year yields down 3 bps to 0.72%
– S&P 500 up 23 points to record 3508
The resignation of Abe in Japan resonated throughout the world and led to a round of yen strength as political
Markets:
– Gold up $35 to $1964
– WTI crude flat at $42.97
– US 10-year yields down 3 bps to 0.72%
– S&P 500 up 23 points to record 3508
The resignation of Abe in Japan resonated throughout the world and led to a round of yen strength as political
The factors supporting gold to remain in place – further upside for the price
Analysis via ANZ, who remain bullish on gold this coming week and new month:
Dallas Fed July trimmed mean PCE price index +2.0% vs +1.4% prior
What inflation?
There is some poetry in how the Fed is suddenly dismissing inflation.
There is some poetry in how the Fed is suddenly dismissing inflation.
Mexican peso falls to a two-month low. Watch the chart
Continuation of the trend
One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most — if not all — are way below pre-pandemic levels.
One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most — if not all — are way below pre-pandemic levels.