Midweek Market Podcast – August 25
Geopolitical risks and virus developments have remained in focus and add to the cautious backdrop. Trading has been very muted, with investors clearly holding back ahead of the Jackson Hole…
Read More »Heads up for ECB Schnabel comments from 1500GMT Thursday 26 August 2021
Schnabel is an executive board member of the European Central Bank She is a participant on an Economist Roundtable on ECB’s strategy review organized by the German Federal Ministry of…
Read More »China – Ningbo, world’s third-largest container port, to reopen closed terminal today
State media in China report the shuttered terminal is to resume operations August 25. Meishan terminal was shut down after Covid-19 infections among workers at the port. Ningbo is the world’s…
Read More »Market Update – August 23 – Dollar Dips, Equities Hold gains
Market News Today – USD (USDIndex 93.32) ticks lower again today, but holds significantly over 93.00.Yields (10yr 1.26%) lower as Asian stock markets follow US higher. (USA500 closed +0.81% @…
Read More »Japan Jibun Bank Manufacturing PMI registered at 52.4, below expectations (53.4) in August
Japan Jibun Bank Manufacturing PMI registered at 52.4, below expectations (53.4) in August
Read More »Gold Price Tethers as Rapport with USD and Treasury Yields Is Tested
A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.
Read More »Japan CFTC JPY NC Net Positions dipped from previous ¥-60.7K to ¥-63.2K
Japan CFTC JPY NC Net Positions dipped from previous ¥-60.7K to ¥-63.2K
Read More »The US rushing out booster shots left markets thinking the White House knows something they don’t
The vaccine picture is dimming It’s all about covid this week so let’s dive in. Two notes have my attention today and they highlight the uncertainty around trends in the…
Read More »Swiss Franc Technical Analysis: USD/CHF, EUR/CHF, CHF/JPY, NZD/CHF
The Swiss Franc has been mixed in 2021 against G10 peer currencies. Here are technical setups for USD/CHF, EUR/CHF, CHF/JPY, and NZD/CHF.
Read More »US dollar catches a broad bid as the euro spills through 1.17
Stops run in Asia There’s no news behind this latest push in the US dollar, which is rallying right across the board. I’m tempted to point the finger at EUR/USD…
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