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

It has been a calm and steady session
There isn’t much to really shake things up as there weren’t any major headlines and with London also out today, it is making for a bit of a quieter session.

Forex news from the European trading session – 30 August 2021
Headlines:
Markets:
– CAD leads, CHF lags on the day
– European equities a little higher; S&P 500 futures up 0.1%

Reuters reports, citing three banking and policy sources
It is being said that China’s FX regulator, SAFE, has been conducting an atypical survey of banks and companies to check on their risk management process and ability to handle volatility in the yuan currency.

The latest update on Ida
From the NHC:
Tropical Storm #Ida Advisory 17: Ida Now a Tropical Storm Over Southwestern Mississippi. Dangerous Storm Surge, Damaging Winds, and Flash Flooding Continue Over Portions of Southeastern Louisiana and Southern Mississippi.
Well, at least this one is slowly getting out of the way but it surely won’t be the last for

Latest data released by Eurostat – 30 August 2021

Singapore has hit its 80% fully inoculated target (the population of Singapore is 5.7 million people). 
Singaporean authorities have previously said they’ll be further easing COVID-19 restrictions after hitting the 80% milestone. Great work SG. 

The Cyberspace Administration of China (CAC) is the country’s cyberspace regulator.
Says it’ll be examining accounts on social media (China describes ’self media‘ as accounts posting news that are not officially registered with authorities) posting economic and financial information, on the lookout for (example):

What I’m watching
I spoke with Dale Pinkert from TradeGateHub on Thursday with my thoughts on where markets are headed next and a great chart that highlights the difficulty in balancing fundamentals with technicals.