|MonJun 27||Day 2||All|| |
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Pending Home Sales m/m
Crude Oil Inventories
ECB President Lagarde Speaks
AUD/USD, NZD/USD, EUR/USD, cable are all lower. USD/CAD is higher. More notably, yen crosses are getting hit as USD/JPY drops towards 134.50. US equity index futures are soft in ...
tweet at 3:49am: From what I hear from officials on the ground, the G7 is **not** going to agree on an oil price cap at this meeting, but it will agree **this a direction it wants to push forward**, and will seek further talks to non-G7 nations to see if it can be put into practice | #OOTT
Opinions on Economic and Financial Developments: Economic Developments: • Japan's economy has picked up as a trend, although some weakness has been seen in part, mainly due to the impact of the novel coronavirus (COVID-19) and a rise in commodity prices. The economy is likely to recover, with the impact of COVID-19 and supply-side constraints waning, although it is expected to be under downward pressure stemming from the rise in commodity prices. • Japan's private consumption has picked up, particularly for services consumption, with the impact of COVID-19 waning and the number of people going out increasing. • Although Japan's economy has been under downward pressure due, for example, to supply-side constraints and a surge in prices of imported raw materials, it has picked up as a trend with private consumption improving, particularly for services consumption such as travel. • Along with changes in the number of confirmed cases of COVID-19, Japan's economy saw repeated fluctuations, mainly for services consumption. However, as people have got used to living with COVID-19, the degree of decline in the economy in response to increases in the number of COVID-19 cases has become smaller. • Private consumption has been on a recovery trend. Fi tweet at 7:52pm: ONE BOJ MEMBER: WE MUST FIRMLY SUPPORT THE ECONOMY BY EASING. tweet at 7:54pm: BOJ SUMMARY OF OPINIONS: THE NUMBER OF GOODS EXPERIENCING PRICE INCREASES IS INCREASING AS A RESULT OF RISING RAW MATERIAL COSTS AND A WEAK YEN, BUT IT IS APPROPRIATE TO MAINTAIN EASY MONETARY POLICY BECAUSE INFLATION IS NOT DRIVEN BY A POSITIVE ECONOMIC CYCLE. tweet at 7:54pm: ONE BOJ MEMBER: WE PREDICT CONTINUED UPWARD PRESSURE ON YIELDS. tweet at 7:55pm: BOJ SUMMARY OF OPINIONS: MUST HEIGHTEN HOUSEHOLDS' PURCHASING POWER, INFLATION EXPECTATIONS TO ACHIEVE BOJ'S PRICE GOAL IN STEADY MANNER.
The USD has eased back following US 2yr Treasury yields, which have pulled back from 3.45% to 3.06%, and we see a pennant consolidation pattern in the USDX daily that needs to ...
Speeches from the ECB, BoE and FED will be the one to watch this week with all speeches from the central bank leaders happening on Wednesday at the same time. This could create ...
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