Remarks by ECB policymaker, Mario Centeno
As much as policymakers are still trying to reassure that team ‚transitory‘ is right, persistent supply chain disruptions through to next year will continue to pose a big problem to the narrative or definition of what is supposed to be „temporary“.

Bids across the board for the greenback
The dollar is continuing its solid push higher over the past week as we are seeing a couple of technical plays come into play at the moment:

Reuters with the headline
In case you missed it, but it is being reported that some offshore bondholders did not receive the payment by the end of the Asia business time deadline.

Latest data from the Mortgage Bankers Association for the week ending 24 September 2021
–  +4.9%
– Market index 734.9 vs 742.7 prior
– Purchase index  vs 283.9 prior
After gains in the previous week, activity fell as higher rates took some wind out of the sails in the mortgage market. Both purchases and refinancing activity also fell by

Powell, Lagarde, Bailey, and Kuroda will be participating in a policy panel together at the ECB forum on central banking
The panel discussion is scheduled to begin at 1545 GMT and last for about an hour but just be wary that the key topic for today’s session is the „structural change and the implications of climate

Latest data released by Eurostat – 29 September 2021
That said, the more pressing detail in the report is that on prices. Selling price expectations among manufacturers rose to 38.2 from 37.3 in August, setting a new record high in the survey while consumer inflation expectations rose to 33.1 from 31.1 in August – closing in

Forex news from the European trading session – 28 September 2021
Headlines:
Markets:
– USD leads, NZD lags on the day
– European equities lower; S&P 500 futures down 0.8%

GBP/USD falls below 1.3600 for the first time since 21 July
Money markets have now moved to price in a BOE rate move to 0.50% in June next year as compared to August pricing last week. While that may seem supportive for the pound, the reasoning for such a hike in rates is less encouraging.

Reuters reports on the matter
The report says that Beijing is pushing for government-owned firms and state-backed property developers to purchase some of Evergrande’s assets, citing people with knowledge of the matter.

China to take measures in dealing with the troubling power crunch
It is a tall order given the situation and there is already an expected toll to be had on China’s economy going into Q4. We’ll see how things go in the next few weeks/months but for now, the situation is still rather cumbersome – much