- UBS says there is "a chance the euro will drop below parity"
- Fed speakers coming up on Thursday, 4 August 2022 - Cleveland Fed President Mester
- Australia data - June exports +5% m/m (vs. expected 0.0%)
- PBOC sets USD/ CNY reference rate for today at 6.7636 (vs. estimate at 6.7644)
- As well as Mr. Yen Japan also has Mr. JGB. Says one day the BOJ will step back from buying
- China locks down areas of city of Sanya
- CAD Finance Minister Freeland shows support for east coast energy export infrastructure
- US President Biden says looking forward to welcoming Finland and Sweden into NATO
- Bitcoin slips back under $23K - cryptocurrency thefts weighing
- Chinese government injecting $47 bn in public funds to prop up small and mid-sized banks
- Russia said to be using Egypt’s El Hamra oil terminal to bypass sanctions on oil shipment
- China state financial media says infrastructure investment is expected to increase 11% y/y
- Four scenarios for EUR/GBP on the Bank of England meeting today
- TD says to sell GBP on the BoE rate hike Thursday
- Brazil's central bank hikes its Selic rate by 50bp, to 13.75%, as expected
- Friday's US jobs report - JPM forecast NFP headline at 200K (says a recession is underway)
- Morgan Stanley forecasts 0.97 for EUR/USD
- US authorities have been probing Robinhood re compilance
- Forexlive Americas FX news wrap: Fedspeak? What Fedspeak?
- Walmart is firing 100s of workers - part of restructuring
- Trade ideas thread - Thursday, 4 August 2022
- US stocks roar higher: S&P 500 rises to the highest since June
The session in Asia was relatively subdued. There was very little news flow to shift markets around, nor was there much data. Central banker remarks were absent.
USD/JPY continued its swings, just not in such wide-ranges as we have seen so far this week. The pair faltered above 134.00 and dipped back to, briefly, below 133.50. As I update USD/JPY is showing little net change on the day after the gyrations.
It’s a similar story of little net change pretty much across the majors vs. USD board. GBP has eyes on the Bank of England policy meeting today.
Bitcoin was weak early, falling back under $23K. It, too, though moved back towards little changed on the session.
After the tiny output increase from OPEC oil has traded around $91 (WTI futures).