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
Schlagwort-Archiv: Currency
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.
ForexLive European FX news wrap: Yen surges as Abe resigns, dollar languishes
Forex news from the European trading session – 28 August 2020
Headlines:
Markets:
– JPY leads, USD lags on the day
– European equities mixed; E-minis up ~0.3%
Headlines:
Markets:
– JPY leads, USD lags on the day
– European equities mixed; E-minis up ~0.3%
Fed’s Mester: Economic activity is slowing in some regions
Cleveland Fed president, Loretta Mester, remarks to CNBC
– The virus is really driving things
– Businesses have tempered hiring as virus cases have been increasing
This isn’t much of anything new that the Fed has communicated since last month – similar to the minutes last week – and the point on inflation echoes from Powell yesterday.
– The virus is really driving things
– Businesses have tempered hiring as virus cases have been increasing
This isn’t much of anything new that the Fed has communicated since last month – similar to the minutes last week – and the point on inflation echoes from Powell yesterday.
Fed’s Mester on stocks: Does not feel that Fed is contributing to an asset bubble
Further comments by Mester
Nuff‘ said.
Nuff‘ said.
Germany’s Merkel calls for citizens to take coronavirus pandemic seriously
German chancellor, Angela Merkel, addresses the public on the health crisis
– Coronavirus pandemic situation likely to get more difficult in the coming months
A bit of a warning from Merkel as the virus situation in the region starts to worsen over the past few weeks. Germany is now seeing over 17,000 active cases across the country
– Coronavirus pandemic situation likely to get more difficult in the coming months
A bit of a warning from Merkel as the virus situation in the region starts to worsen over the past few weeks. Germany is now seeing over 17,000 active cases across the country
Germany’s Merkel: Things won’t return to normal until we have a coronavirus vaccine
Further comments by Merkel
– Hearing that there are hopeful approaches for developing a vaccine
– Says Germany is to spend most of EU funds on existing programs
Merkel laying down some expectations over how life will be over the next few months at the very least for Germany and/or Europe for the most part.
– Hearing that there are hopeful approaches for developing a vaccine
– Says Germany is to spend most of EU funds on existing programs
Merkel laying down some expectations over how life will be over the next few months at the very least for Germany and/or Europe for the most part.