CBA chief, Matt Comyn, remarked earlier
From the banks‘ investor call today:
„While Australia faces near-term challenges due to the lockdowns we expect growth will simply be pushed back by six months, with the economy rebounding in late 2021 and growing strongly in 2022.“
Adding that he expects the country to avoid a recession, as there are „a

Forex news from the European trading session – 10 August 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities slightly higher; S&P 500 futures flat

Mester and Evans are on the agenda today
Here is the schedule:
1400 GMT – Cleveland Fed president, Loretta Mester, speaks
Mester will be delivering opening remarks (estimated for ~5 minutes) at an hosted by her central bank on „Inflation Risk in the Short and Medium Term: US vs. Europe“. There might be some remarks on inflation

Latest data released by NFIB – 10 August 2021

It will boil down to either Powell or Brainard for top dog at the Fed
The latest story by the WSJ says that while Biden’s economic team is generally supportive of Powell sticking around for a second term as Fed chair, some Democrats are pushing for a central banker more in sync with the party’s priorities.

Latest data released by ZEW – 10 August 2021
That is alluding to increasing risks for the German, amid concerns of the spread of the delta variant ahead of autumn and also a potential slowdown in China.

10-year Treasury yields fall back to 1.28% so far today
The bond market is at a crossroads now after the double-bottom rebound at 1.13% looks to be stalling at the critical 1.30% level as well as the 200-day moving average (purple line), after having seen a strong push on Friday following the NFP report.

UBS reacts to Friday’s solid non-farm payrolls report
The firm comments that:
“ Payrolls are 5.7 million below their pre-pandemic peak and that gap is narrowing month by month. The recent increase in COVID-19 case counts adds some uncertainty to the outlook, but we still expect strong job growth in the months ahead.“
Adding that by year-end, there should

PBOC remarks in its Q2 monetary policy implementation report
Those are the key points to note, which just reaffirms their policy stance over the past few months. When it comes to these, China tends to preempt any imminent changes so the repeat of the commentary above means no change is expected for now.

A look at what is on the board for today
bold
That may keep price action more contained closer to the July low @ 1.1751, with topside limited closer to the 1.1800 handle for the time being. Besides that, there isn’t any other significant expiries for other pairs to start the new week.