USD/CHF drops to 0.9025, its lowest level since 16 June
The dollar is keeping a little softer on the day but the franc is putting up a modest advance against the greenback as sellers stay in the hunt of an eighth straight day of gains in USD/CHF, having pushed past the 200-day moving average (blue line)

Remarks by St Louis Fed president, James Bullard
For this week, watch out for Fed vice chair Clarida’s speech tomorrow as he will be speaking about so that might cover some views on when and where taper discussions will come in for the Fed.

A look at what is on the board for today
A couple of ones to take note of on the day, as highlighted in .
bold
The large ones for EUR/USD fits in between its key hourly moving averages of 1.1825-65 so that might help to limit any major downside move. But also just be aware that there

Latest data released by Eurostat – 3 August 2021
Amid ongoing supply chain disruptions, rising cost inflation is arguably the key driver in price trends at the moment and that is feeding to higher price pressures overall.

Forex news from the European trading session – 2 August 2021
Headlines:
Markets:
– AUD leads, NZD lags on the day
– European equities higher; S&P 500 futures up 0.4%

Oil is down 1.5% to around $72.80 currently
Reports are citing softer growth expectations from China, after flailing PMI data since the weekend and . But I’d pin this more to just some light selling amid a continued bounce since finding a bottom two weeks ago just below $66.

Equities are bouncing back after Friday’s dent
A brand new month but the same old story in the equities space as we are seeing European indices keep a steady advance. At the highs today, the Stoxx 600 index touched a record high and is seen up 0.6% on the session currently.

Latest data released by Markit/CIPS – 2 August 2021
The preliminary report can be found . No change to the initial estimate as staff shortages and a sharp rise in cost/price pressures (driven by supply chain disruptions) weigh on the growth momentum in the manufacturing sector last month.

Supply disruptions start to weigh on economic activity
The euro area has seen a rather resilient bounce in overall conditions in Q2 and things are still holding up in July as seen with the elevated PMI readings earlier.

GBPJPY upside looks promising
Up until this weeks meeting there had been two up beat central bank meetings from the Bank of England. It could have been anticipated that this would really have increased the odds of a hawkish twist from the BoE. Heading into the Bank of England meeting Sonia futures were pricing in a