Weekly Market Recap (04-08 September)

Monday: ECB’s Wunsch (hawk – non voter) remains in favour of raising interest rates again: Underlying inflation remains persistent, may need more rate hikes. I’m inclined to say we maybe need to do a little bit more. The idea that we’ll have to come to a pause at a certain point can’t be excluded, but

Manheim August used vehicle index +0.2% m/m

There might be a seasonal factor to the August bump, as this survey isn’t seasonally adjusted. “August brought a stop to wholesale price declines, though it was only a small reversal of the larger magnitude declines so far this spring and early summer,” said Chris Frey, senior manager of Economic and Industry Insights for Cox

Bull needs to retake the 20-day, further downside on the horizon

Share: EUR/JPY advanced towards 158.15, setting a 0.40% weekly gain. The cross was rejected by the 20-day SMA the whole week. The daily charts flash signals of exhaustion. At the end of the week, the EUR/JPY cross advanced to the 158.15 area, seeing 0.40% daily and weekly gains. The daily charts suggest a

Fed’s Barr says ‘a long way’ from a central bank digital currency

No comments on monetary policy Fed is ‘a long way’ from any decision on CBDC Would only proceed with clear support of executive branch and legislation from Congress Says he remains ‘deeply concerned’ about stablecoin issuance without strong federal oversight There’s nothing to move markets here. لینک منبع : هوشمند نیوز

Tech leads US stocks higher in early trade

The S&P 500 opened 0.2% higher while the Nasdaq Composite is up 0.4%. US Treasury yields are down 3-4 bps across the curve. SPX daily Apple shares are up 0.9% despite another report highlighting how China has told government employees and contractors not to use iPhones. لینک منبع : هوشمند نیوز

Weekly Market Outlook (11-15 September)

UPCOMING EVENTS: Tuesday: UK Labour Market report, German ZEW, US NFIB Small Business Optimism Index. Wednesday: Japan PPI, UK GDP, EZ Industrial Production, US CPI. Thursday: Australia Labour Market report, Japan Industrial Production, Switzerland PPI, ECB Policy Decision, US Jobless Claims, US PPI, US Retail Sales. Friday: NZ Manufacturing PMI, China Industrial Production and Retail

US July wholesale sales +0.8% vs -0.2% expected

Prior was -0.7% (revised to -0.8%) Inventories -0.2% vs -0.1% expected Prior inventories -0.1% This isn’t usually a market mover but that’s a nice sales number and companies are light on inventory. This article was written by Adam Button at www.forexlive.com. لینک منبع : هوشمند نیوز