Purchasing Managers‘ Index (PMI) data from China’s National Bureaus of Statistics and the China Federation of Logistics and Purchasing (CFLP)
– expected 49.7, prior 49.6
– expected 49.7, prior 49.6
Schlagwort-Archiv: Currency
G20 leaders to endorse global minimum tax deal, want it in place in 2023
Reuters, citing a draft
The global minimum tax has been in the works for awhile so it’s not a surprise. I could see it impacting capital flows over time but it’s tough to see it in any tradable way, especially with so much of the implementation (and loopholes) still unknown.
The global minimum tax has been in the works for awhile so it’s not a surprise. I could see it impacting capital flows over time but it’s tough to see it in any tradable way, especially with so much of the implementation (and loopholes) still unknown.
Forexlive Americas FX news wrap: Dollar buying into the month end
Forex news for North American trading on
October 29, 2021
It was month-end and also a Friday, which can be a formula for illiquid market conditions due to the flows in the market. It became clear in the North American session that dollar buying was the order of course. Going into the London fixing at 11 AM ET/1600 GMT, buyers
October 29, 2021
It was month-end and also a Friday, which can be a formula for illiquid market conditions due to the flows in the market. It became clear in the North American session that dollar buying was the order of course. Going into the London fixing at 11 AM ET/1600 GMT, buyers
NASDAQ index erases -125 point decline. S&P and NASDAQ close at record levels
Dow industrial average closed at a record level as well taking out the October 26 high close
the major indices all closed at record levels to and the month of October.
the major indices all closed at record levels to and the month of October.
WTI crude oil futures settle at $83.57
Up $0.76 or 0.92%
The high for the day reached $83.74. The low extended to $81.41.
The price last week closed around $84.15. With the settlement at $83.57 this week, the contract price fell by and modest $0.58. Nevertheless, it was a down week for the crude complex.
The high for the day reached $83.74. The low extended to $81.41.
The price last week closed around $84.15. With the settlement at $83.57 this week, the contract price fell by and modest $0.58. Nevertheless, it was a down week for the crude complex.
Key economic releases and events for the week starting November 1
It is the first week of the new month which means purchasing managers data along with the US and Canada jobs report are on tap
Unlike last week when there was also the earnings calendar, the majority of the major earnings have already been announced. As a result, traders will not need to deal with that dynamic.
Unlike last week when there was also the earnings calendar, the majority of the major earnings have already been announced. As a result, traders will not need to deal with that dynamic.
EURUSD on track to close below the 200 week MA. What does it mean going into the new trading week?
First close below MA since July 2020.
With the EURUSD trading at 1.1554, the pair is on track to close the week below the 200 week MA. That MA comes in at 1.16657.
With the EURUSD trading at 1.1554, the pair is on track to close the week below the 200 week MA. That MA comes in at 1.16657.
ECB’s Holzmann: ECB should drive on sight when going about monetary policy next year
Remarks by ECB policymaker, Robert Holzmann
I wonder does a Magic 8-ball count as central bank „analysis“ these days? 😀
I wonder does a Magic 8-ball count as central bank „analysis“ these days? 😀
US futures keep lower ahead of North American trading
Equities stay on the defensive so far today
Tech is leading the way lower as sentiment is weighed down by the more disappointing earnings reports from Apple and Amazon yesterday. But broader sentiment is also leaning towards the softer side with European indices also down across the board.
Tech is leading the way lower as sentiment is weighed down by the more disappointing earnings reports from Apple and Amazon yesterday. But broader sentiment is also leaning towards the softer side with European indices also down across the board.
Eurozone October preliminary CPI +4.1% vs +3.7% y/y expected
Latest data released by Eurostat – 29 October 2021
The headline reading jumps to a 13-year high and the core reading exceeding 2% just adds to the headache for the ECB even as Lagarde continues to defend the ‚transitory‘ narrative in her press conference yesterday.
The headline reading jumps to a 13-year high and the core reading exceeding 2% just adds to the headache for the ECB even as Lagarde continues to defend the ‚transitory‘ narrative in her press conference yesterday.