What’s coming up today
The euro is at the highs of the day, up 33 pips to 1.1628 as the continent continues to grapple with the energy crisis.
This note from 11 years ago — citing Vladimir Putin — was doing the round on the weekend as Germany pledged to shut down coal-fired power plants.

GBP/USD stays in the hunt for a third straight day of gains
The dollar’s lackluster performance today is a bit of a tough one to decipher as equities are leaning towards being more cautious while Treasury yields are up for the first time in four days (10-year yields up 2.9 bps to 1.496% currently).

Further remarks by Sunak
Well, that will just serve to distort underlying labour market conditions further but amid worries about the virus and uncertainty still surrounding the economy, it is understandable even with the furlough figures slowly winding down.

Tobias Levkovich was well known for setting S&P 500 price targets
Citigroup reported that chief equity strategist Tobias Levkovich died on Friday, a month after being hit by a car while crossing a street in Long Island, NY.

China has not lived up to pledge to purchase additional $200B in goods
US Trade Representative Katherine Tai will announce Monday that China
is not complying with the so-called phase one trade deal, sources familiar with
the matter .

Forex news for North American trading on October 1, 2021
The US core PCE data for the month of August remain steady at 3.6%. That was the expected rate as well. Although inflation remains well above the 2% level, the expectations are that some of the gains are transitory and will come down over time. However,

Carbon capture is a major priority for Manchin
A report late today revealed that the White House had agreed to boost carbon capture tax credits to $85 per tonne for industries such as steel and concrete plants.

Dow up over 700 points at the session highs
Shares of Merck surged 8.6% on the back of a Covid drug that cuts hospitalizations by 50%. Transportation stocks like United airlines, Delta Airlines and Southwest Airlines are also higher on the back of that news. Energy was the best performing sector as oil prices move back to the

Up over 1% on the day.
The tech heavy index is currently up 1.03% or 148.23 points at 14596.81. That comes after trading to a new cycle low down at 14423.16 earlier today. 

RBA and RBNZ to announce rate decisions
It is busy week next week with rate announcements from the Reserve Bank of Australia and also the Reserve Bank of New Zealand. It is also employment week for both Canada and the US.  China is on holiday Monday to Thursday. Australia will be off on Monday.