Forex News

  • Risk sentiment keeps steadier so far on the day
    on July 29, 2021 at 11:20 am

    Equities keep the faith post-FOMC, at least for now European indices are trading up on the day, holding gains around 0.5% to 1.0%, with the Stoxx 600 index holding at record highs in European morning trade.

  • Japan reportedly set to extend state of emergency in Tokyo to 31 August
    on July 29, 2021 at 10:18 am

    NHK reports on the matter Also, to declare state of emergency in four other prefectures - that likely being the three neighbouring Tokyo and Osaka. This rebuffs the reports from throughout the week, with the formal announcement set to be for tomorrow.

  • Japanese government reportedly mulls state of emergency for Osaka prefecture
    on July 29, 2021 at 9:26 am

    Kyodo News reports on the matter More and more state of emergency measures look likely to follow in Japan, with Osaka having recorded more than 700 daily infections in the past two days. Japan as a whole exceeded 9,000 daily cases for the first time yesterday, to put things into context.

  • Saxony July CPI +3.7% vs +2.1% y/y prior
    on July 29, 2021 at 9:04 am

    Latest data released by Destatis - 29 July 2021

  • Eurozone July final consumer confidence -4.4 vs -4.4 prelim
    on July 29, 2021 at 9:03 am

    Latest data released by Eurostat - 29 July 2021 Industrial confidence also increased for an eighth consecutive month, recording its own all-time high, while services confidence is seen picking up for a sixth straight month as it touches its highest level since August 2007.

  • UK June mortgage approvals 81.3k vs 86.1k expected
    on July 29, 2021 at 8:32 am

    Latest data released by the BOE - 29 July 2021 Consumer credit growth remains weak but rose slightly from -2.9% y/y in May to -2.2% y/y in June, reflecting conditions that are working its way back to pre-pandemic levels.

  • Bavaria July CPI +3.8% vs +2.4% y/y prior
    on July 29, 2021 at 8:00 am

    Latest data released by Destatis - 29 July 2021 This mainly reaffirms the big jump in annual inflation pressures in Germany on the month, aided by both base effects and also higher cost inflation in general. This is likely to see the national reading come in well above the estimate of +3.3% y/y.

  • Germany July unemployment change -91.0k vs -28.0k expected
    on July 29, 2021 at 7:55 am

    Latest data released by the Federal Employment Agency - 29 July 2021 "Unemployment and underemployment have continued to fall sharply since the start of the summer break. Companies are increasingly looking to hire new staff."

  • Tokyo reports a record 3,865 new daily COVID-19 cases
    on July 29, 2021 at 7:49 am

    The official tally is announced mentioned

  • Tokyo reportedly to record more than 3,000 daily COVID-19 cases again
    on July 29, 2021 at 7:14 am

    Fuji News Network reports on the matter This follows the record 3,177 new cases posted yesterday . here In terms of medical capacity, city data showed that more than 60% of Tokyo hospital beds made available for COVID-19 cases were already filled as of Tuesday.

  • European equities open higher to start the day
    on July 29, 2021 at 7:05 am

    The Stoxx 600 index hits a record high at the open A positive start for European indices, with equities keeping a calmer mood post-Fed and also helped by a rebound in Chinese stocks today as well.

  • Spain July preliminary CPI +2.9% vs +2.6% y/y expected
    on July 29, 2021 at 7:00 am

    Latest data released by the National Statistics Institute - 29 July 2021

  • Trade ideas thread - European session 29 July 2021
    on July 29, 2021 at 6:26 am

    Daily thread to exchange ideas and to share your thoughts The meeting served as more of a placeholder for Jackson Hole and I reckon that and the weeks ahead will see the Fed start to give an unofficial nod to begin taper discussions.

  • Eurostoxx futures -0.1% in early European trading
    on July 29, 2021 at 6:12 am

    Tepid tones in early trades This follows the more positive session today, and mirrors the current mood seen in US futures as well, with S&P 500 futures flattish. Nasdaq futures are down 0.1% but Dow futures are up 0.1% as we look to get things going on the session.

  • The usability test for BTC & Amazon
    on July 29, 2021 at 5:41 am

    BTC  One of the tests for the longevity of Bitcoin's long term viability is how usable is it? The more places that BTC can be used the more point there is in owning BTC. In short BTC needs to go from the realm of 'techno savvy only' to 'Mr & Mrs Smith'.

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