Comments from the Atlanta Fed President:
There’s no hint of doing anything differently.
There’s no hint of doing anything differently.
Schlagwort-Archiv: Currency
US January consumer credit -$1.31B vs +$12.0B expected
US consumer credit outstanding for January 2021
It’s rare to see credit tighten but revolving credit (which is credit cards) likely fell as people used stimulus payments to pay off credit card bills.
It’s rare to see credit tighten but revolving credit (which is credit cards) likely fell as people used stimulus payments to pay off credit card bills.
US futures creep higher ahead of North American trading
S&P 500 futures up 0.3%
US futures have had a bit of a choppy session in European morning trade but are creeping higher now as we move towards North American trading.
US futures have had a bit of a choppy session in European morning trade but are creeping higher now as we move towards North American trading.
Japan PM Suga confirms extending Tokyo state of emergency for another two weeks
Japan prime minister, Yoshihide Suga, makes the announcement official
This just confirms reports from earlier in the week, as Tokyo’s state of emergency is now extended to 21 March. The virus situation in Japan has gotten much better in recent weeks and hasn’t been much of a factor to the economy as of late as such.
This just confirms reports from earlier in the week, as Tokyo’s state of emergency is now extended to 21 March. The virus situation in Japan has gotten much better in recent weeks and hasn’t been much of a factor to the economy as of late as such.
Cable slumps to three-week low amid dollar strength
GBP/USD falls to 1.3800 for the first time since 12 February
The pound lost ground and cable fell back under 1.4000 and has struggled to get back above that this week, before extending its decline in the past few sessions.
The pound lost ground and cable fell back under 1.4000 and has struggled to get back above that this week, before extending its decline in the past few sessions.
Risk keeps more cautious, Treasuries calmer for now
Equities stay on the defensive even as bonds are seen calmer so far today
Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P 500 futures seen down 0.4%, Nasdaq futures down 0.6%, Dow futures down 0.4%, and Russell 2000 futures down 0.8% currently.
Dip buyers were a little interested at the tail-end of Asian trading but the mood has turned since with S&P 500 futures seen down 0.4%, Nasdaq futures down 0.6%, Dow futures down 0.4%, and Russell 2000 futures down 0.8% currently.
Dollar rallies further on post-Powell momentum
Dollar pushes to fresh highs for the year
AUD/USD has slumped to a fresh low since 8 February below 0.7700 as it leads the drop in the major currencies space today. Adding to that is EUR/USD pushing to a fresh low of 1.1915, its lowest level in three months as highlighted earlier.
AUD/USD has slumped to a fresh low since 8 February below 0.7700 as it leads the drop in the major currencies space today. Adding to that is EUR/USD pushing to a fresh low of 1.1915, its lowest level in three months as highlighted earlier.
Risk back on the defensive again as the market continues to wait on Powell
European equities fall alongside US futures
The Eurostoxx is down 1% with the DAX down 0.7% on the day currently, extending declines from earlier as risk sentiment keeps more fragile for now.
The Eurostoxx is down 1% with the DAX down 0.7% on the day currently, extending declines from earlier as risk sentiment keeps more fragile for now.
Is the market expecting too much from Powell today?
All eyes are on the Fed chair as he speaks later today at 1705 GMT
I’ll try to keep this as short and succinct as possible.
There’s only two ways that things are going to play out today. It is either the market feels that Powell has offered enough of a pushback against the recent rise in
I’ll try to keep this as short and succinct as possible.
There’s only two ways that things are going to play out today. It is either the market feels that Powell has offered enough of a pushback against the recent rise in
Dollar creeps a little higher ahead of North American trading
EUR/USD eases to session lows of 1.2067
It has been a relatively choppy session for major currencies as the dollar rocks back and forth on the session with little firm direction really.
It has been a relatively choppy session for major currencies as the dollar rocks back and forth on the session with little firm direction really.