Ethereum had its update last week (); it was headed higher in the days and weeks leading into it and its gained since:
Ethereum Improvement Proposal (EIP) 1559,
A Saturday vote in the US Senate, 67-27 vote in favour of a move to limit debate on the legislation
Negotiations continue on amendments and there are some pundits suggesting work on the legislation could be completed Saturday night Washington time. Senate Majority Leader Schumer says he will keep the Senate working until there is a vote on
In USD terms China’s Trade balance for July was
$56.58 bln
Exports +19.3% y/y for a small miss on the median consensus estimateImports +28.1% y/y, also a miss
The Chinese trade data for July 2021 will be released on Saturday (China time).
I was expecting it on Friday (yesterday), nope.
In USD terms:Goldman Sachs say exports from, and imports into, China in July will be down on June due to adverse weather („A typhoon around Yangtze River Delta“) and port disruptions.
Forex news for North American trading on August 6, 2021
The awaited jobs report was released today at 8:30 AM ET, and it did not disappoint. The net change in nonfarm payroll jobs was 943K. That was above the 870K estimate. Moreover, the June report was revised higher by 88K to 938K, and the May report was also revised higher
Forex news from the European trading session – 6 August 2021
Headlines:
Markets:
– CAD leads, EUR lags on the day
– European equities slightly higher; S&P 500 futures up 0.1%
The dollar keeps steadier in European morning trade
EUR/USD is keeping at the lows, down 0.2% to 1.1807 as the dollar maintains a slight advance amid the countdown to the US non-farm payrolls release at 1230 GMT.
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