- US consumer confidence 60.6 vs 66.0 exp
- G7 ministers say ready to call on IEA to act on oil supply
- Rajoy: we need a banking union by year-end
- MNI: ECB could target bond volatility
- Catalonia asks for 5B euro bailout
- Isaac grows into hurricane, targets Louisiana coast
- Case-Shiller house price index +0.5% y/y vs -0.1% exp
- Richmond Fed -9 vs -10 exp
- Van Rompuy: no talks ongoing with Spain on aid
- Fed’s Fisher: Fiscal clarity needed to boost jobs
- S&P 500 down 0.1% to 1409
- EUR leads, NZD lags
EUR/USD rose to 1.2567 from 1.2540 at the start of US trading. On several occasions, the pair tried to break 1.2580 but was beaten back.
Cable beautifully bounced from the 100-day moving average overnight and continued to climb higher in early trading after buy stops gave out above 1.58. Late trading has been consolidation between 1.5820/30.
USD/JPY swung as low as 78.43 in afternoon trading as US yields ticked lower.
USD/CAD was technicians dream, breaking down after Thursday’s low gave out and then catching a bid right at the three-month low of 0.9841.
Oil wasn’t particularly interested in headlines about Isaac or threats to release strategic reserves, up 70-cents to $96.13.
