HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
Mester and Evans are on the agenda today Here is the schedule: 1400 GMT – Cleveland Fed president, Loretta Mester, speaks Mester will be delivering opening remarks (estimated for ~5 minutes) at an event hosted by her central bank on “Inflation Risk in the Short and Medium Term: US vs. Europe”. There might be some
A couple of Fed speakers on the agenda to start the new week Here is the schedule: 1410 GMT – Atlanta Fed president, Raphael Bostic, to speak Bostic will be sharing insights about building an inclusive society and inclusive economy through community collaboration in his appearance today. Given the discussion topic, there shouldn’t be much pertaining
Early-week gold trade is seeing a large fall in price.  Oil is down, commodities more generally looking in trouble if gold is anything to go by.  The moves so far do not auger well for the “commodity currencies”. Of the majors, AUD, CAD and NZD all a little lower.  ‘Risk’ more generally is seeing an
The Delta strain of COVID-19 in Australia is spreading more quickly, weekend reported new cases. Report on Saturday (i.e. for Friday’s cases) by state. NSW (Australia’s largest population state) recorded 319 new cases up from 291 the previous day 138 were in isolation throughout their infectious period and 32 were in isolation for part of
A Saturday vote in the US Senate, 67-27 vote in favour of a move to limit debate on the legislation 18 of the 50 Senate Republicans voted in favour this is a procedural agreement, not approval of the actual bill  Negotiations continue on amendments and there are some pundits suggesting work on the legislation could be
In USD terms China’s Trade balance for July was $56.58 bln vs. expected $51.54bn, prior was $51.5bn Exports +19.3% y/y for a small miss on the median consensus estimate expected +20.8% y/y, prior +32.2% Imports +28.1% y/y, also a miss expected +33.0% y/y, prior was +36.7%   China’s trade surplus with the United States ( Reuters calculation) $35.4
Goldman Sachs is expecting: nonfarm payrolls +1,150k in July  a 0.4pp drop in the unemployment rate to 5.5% GS cite: Labor supply constraints eased further due to the wind-down of federal unemployment top-ups in some states and the addition of over 2 million youth job seekers in June and July strong household employment gain offset
Latest data released by Markit – 5 August 2021 Supply shortages continue to weigh on German construction activity last month, with activity and new orders both seeing a decline. Meanwhile, employment conditions suffered at the quickest pace since October last year. Markit notes that: “Construction activity in Germany remained deep in contraction territory in July