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There are no major economic indicators on today’s agenda, but we do have several central bank policymakers to hear from. Today, the ECB’s forum on central banking begins, while in the US, Fed Chief Jerome Powell is scheduled to testify before the Senate Banking Committee on the Fed’s policy response to the coronavirus pandemic. Other policymakers are also scheduled to speak throughout the week.

ECB Forum on Central Banking Begins, Fed Chair Powell Testifies

The US dollar traded mixed against the other major currencies on Monday and during the Asian session Tuesday. It gained versus JPY, EUR, and CHF in that order, while it underperformed against AUD, GBP, CAD. …


We don’t have any central bank meetings on this week’s calendar, but we will get to hear from several central bankers, including Fed Chair Jerome Powell, ECB President Christine Lagarde, and BoE Governor Andrew Bailey. Therefore, it will be interesting to see whether we will get any new piece of information with regards to monetary policy. On top of that, market participants are likely to stay focused on developments surrounding the Evergrande saga, as the firm missed a payment on offshore bonds last week, and more payments are due this week.

On Monday, the first piece of news in the…


All but one of the EU and US major stock indices traded higher yesterday, perhaps due to investors’ relief that Evergrande would undergo with some payments on Thursday. However, risk appetite softened today, as the day passed with no official announcement. We also had a BoE decision yesterday, with the Bank appearing more hawkish than expected, prompting market participants to bring forth their rate-hike expectations.

Sentiment Softens in Asia on Evergrande Woes

The US dollar traded lower against all but one of the other major currencies on Thursday and during the Asian session Friday. …


Yesterday, the main event was the FOMC decision, with the Committee signaling that QE tapering may be warranted soon. What’s more, the new dot plot revealed more optimism among officials with regards to interest rate increases. As for today, the torch will be passed to the BoE. It would be interesting to see whether any other officials will join Saunders in voting for asset purchases to stop now, and whether we will get any clues with regards to when they intent to start raising interest rates.

USD Gains After FOMC Signals QE Tapering by Year End

The US dollar traded higher against all but one of the other major currencies…


Equities tumbled yesterday and today in Asia, with most of the benchmark indices falling more than 2%, due to warnings by Chinese regulators that Evergrande’s USD305bn worth of liabilities could result in risks to the broader financial system if its debts are not stabilized. Another factor that may be weighing on risk sentiment may investors adopting a cautious stance ahead of tomorrow’s FOMC monetary policy decision.

Global Equities Tumble on Evergrande’s Growing Default Risks

The US dollar traded lower against most of the other major currencies on Monday and during the Asian session Tuesday. It gained only versus GBP, while it was found virtually unchanged against NZD. …


Los bancos centrales regresarán esta semana, con cuatro de los principales decidiendo sus respectivas políticas. Esos son el FOMC, el BoE, el BoJ y el SNB. Nuestra propia opinión es que los participantes del mercado prestarán más atención al FOMC y al BoE, ya que se espera que el BoJ y el SNB se ciñan a sus narrativas moderadas. También tenemos las elecciones canadienses, así como los PMI preliminares de septiembre de la zona euro, el Reino Unido y los EE.UU.

El lunes, no tenemos programadas publicaciones de datos importantes sobre la agenda económica. Sin embargo, los comerciantes de Loonie…


Central banks will make a comeback this week, with four major ones deciding on their respective policies. Those are the FOMC, the BoE, the BoJ, and the SNB. Our own view is that market participants will pay more attention to the FOMC and the BoE, as the BoJ and the SNB are widely expected to stick to their dovish narratives. We also have the Canadian elections, as well as the preliminary PMIs for September from the Eurozone, the UK, and the US.

On Monday, we have no major data releases scheduled on the economic agenda. However, Loonie traders may lock…


Yesterday, the US released a few important economic data sets, which overall showed decent results. During the early hours of the European morning, the United Kingdom released its retail sales numbers for the month of August. The eurozone is set to deliver its core and headline MoM and YoY inflation numbers for August.

US Retail Sales Come Out Higher

Yesterday, the US released a few important economic data sets, which overall showed decent results. We start off with the labour market numbers, such as initial and continuing jobless. The initial ones, came out as a disappointment, overshooting not only the previous adjusted 312k figure, but also…


Yesterday, the United Kingdom delivered its inflation numbers for the month of August, both core and headline ones on a MoM and YoY basis. During the early hours of the Asian morning today, New Zealand delivered its GDP figures for Q2 on a QoQ and YoY basis. Later in the day, the main event on the economic calendar might be the US retail sales figures for the month of August.

UK Inflation Continues To Rise

Yesterday, the United Kingdom delivered its inflation numbers for the month of August, both core and headline ones on a MoM and YoY basis. All…


The US dollar edged north, while equities drifted south, even after the US CPIs for August slowed by more than anticipated. With inflation still well above the Fed’s objective, it seems that investors maintained their bets that Fed officials will begin the tapering process later this year. The UK CPIs were released early today, with both the headline and core rates rising by more than expected. Later in the day, it will be Canada’s turn to release inflation numbers, with a potential accelerating perhaps encouraging CAD-traders to add to bets over an October tapering by the BoC.

Market Participants Maintain Bets Over Fed Tapering This Year

The US dollar…

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