Forex news from the European trading session – 1 September 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities higher; S&P 500 futures up 0.3%

ECB policymaker, Yannis Stournaras, remarks to Bloomberg
Not really siding with the hawks there, is he? In any case, expect more of the same by the ECB in their communique this month and then expect follow-up reports to show a difference in opinion among policymakers on inflation and reining in pandemic support.

Latest data from the Mortgage Bankers Association for the week ending 27 August 2021
–  +1.6%
– Market index 719.4 vs 737.1 prior
– Purchase index 259.0 vs 257.5 prior
The drop in the past week largely comes a decline in refinancing activity with purchases keeping steadier after the rise in the week before. That said, and that

A look at what is on the board for today
Nothing too significant to take note of on the day, though there is a relatively big one for EUR/USD at 1.1825 offering some interest as a magnet to price action.

Major currencies see ranges stretch but nothing too significant
Commodity currencies still hold a slight lead on the day with the yen and franc the laggard, as risk tones are keeping more positive so far in European morning trade.

Forex news from the European trading session – 31 August 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities lower; S&P 500 futures flat

Equities optimism turns flat on the day
US futures are backing off to the lows for the day as early gains are pared. Dow futures are now flat while S&P 500 futures and Nasdaq futures are switching over to negative territory ahead of North American trading.

A look at what is on the board for today
Not much to take note of for the day besides a large one for USD/CAD, as highlighted in . That is seen close to spot price and offers a bit of a magnet with last week’s lows also resting close by at 1.2579, still not really

Remarks by ECB policymaker, Robert Holzmann
– ECB in position to think about reducing pandemic aid
– ECB should de-link guidance on rates, APP purchases
– APP does not need same kind of flexibility as PEPP
This was supposed to have come in September but delta variant risks did throw a bit of a curveball to the economic outlook

Oil back down 1% on the day after a late recovery yesterday
WTI crude looks set for its worst month since October, with the 1% drop so far today adding to the poor August performance. The month has been characterised by a stronger dollar to some extent as well as delta variant concerns, weighing on oil