EURUSD falls below 200 day MA but finds support buyers near the 100 day MA
The EURUSD has fallen below the 200-day MA at 1.08173, and preceded to extend lower on the technical break. However, once the price reached the 200 bar MA on the…
European equity close: Good start but a rough finish
Closing changes: Stoxx 600 -0.2% German DAX -0.5% UK FTSE 100 +0.1% French CAC -0.9% Italy MIB -0.5% Spain IBEX -0.4% European stocks opened at the best levels of the…
Timiraos: Fed cut unlikely on Wednesday but officials wary of waiting too long
Wall Street Journal Fedwatcher Nick Timiraos is out with his latest Fed preview and it doesn’t include any kind of leak about a potential cut. Instead, he highlights that the…
Weekly Market Outlook (29-02 August)
UPCOMING EVENTS: Monday: US Treasury Refunding Financing Estimates. Tuesday: Japan Unemployment Rate, Eurozone Flash Q2 GDP, US Job Openings, US Consumer Confidence. Wednesday: Japan Industrial Production and Retail Sales, Australia…
ECBs Schnabel:Services inflation showing last mile in inflation fight especially difficult
ECBs Schnabel is speaking and she says: services inflation is showing that the last mile inflation fight is especially difficult Some data was not quite in line with projections. The…
European major indices close mixed (thanks to the UK FTSE 100)
The major European indices are closing mixed thanks to the UK FTSE 100 which rose by 0.40%. The majority of the indices, however, did close lower. A snapshot of the…
USDJPY continues to push lower. Stocks continue its run to the downside
Worries about recession are gaining momentum. Former Fed Gov. Dudley warned that the Fed may be too late and is pushing for a cut now (at the meeting next week).…
Politico: Schumer and Jeffries to endorse Harris for president later today
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…
VP Harris speaking at WH: Biden’s legacy of accomplishment is unmatched in modern history
VP Harris making her first remarks Biden is feeling better Legacy of Biden accomplishment is unmatched in modern history Meanwhile, billionaire Michael Bloomberg is putting support behind the Dems and…
Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
Mon: PBoC LPR Tue: NBH Policy Announcement; US Existing Home Sales (Jun), Richmond Fed (Jul), EZ Consumer Confidence Flash (Jul) Wed: BoC Policy Announcement & MPR; Japanese Flash PMIs (Jul),…
