Swiss Q2 GDP the only notable item The session ahead isn’t going to have much in terms of items on the calendar but that hasn’t stopped the fun so far to start September off, no?
I posted earlier on Goldman Sachs warning on the dangers in the US stock markets: Citi, too, this time via Bloomberg Also, from others: Deutsche Bank, predicted a retreat of 3 to 5 percent in September
Forex and Bitcoin news for Asia trading Thursday 6 September 2018 Some wiggles in the forex today, with a weaker USD to kick off the morning in Asia. EUR, AUD, NZD, yen, CHF all higher against the big dollar.
GS is sounding a warning on current levels of US share markets, highlighting “Bull/Bear Market Risk Indicator is at its highest level in 10 years” The indicator is at levels which have historically preceded a bear market.
Last week it was Westpac, just a few minutes ago it was ANZ, now CBA announce a hike – CBA +0.15% to its variable rate mortgages So, that just leaves NAB of the final of the big 4 here in Australia. They will announce soon enough too.
The August nonfarm payroll report is due September 7 at 1230GMT Consensus expectations: – headline change expected +198K, prior +157K – Unemployment rate expected 3.8%, prior 3.9% Preview via Nomura:
ANZ with a +0.16% to their variable rate mortgage 016% … we are all doomed (again) Westpac bumped their higher last week. there are 4 big banks in Oz, so two of them have raised their mortgage rate now. The other two will follow along soon enough.
US President Trump has indicated he wants the next round of tariffs to hit Chinese imports as soon as the comment period expires – Comments finish on September 6 Its been a habit from the White House to take dramatic action like whacking on more tariffs when negative media hits – an announcement of the…
This is via Bloomberg on European equities, on an increasing correlation between MSCI Europe and MSCI Emerging Markets. I fell off my chair due to the headline, but am back up again and sharing the info
Thoughts on the USD and a bit more specifically on the bid dollar against the euro for H2 of 2018 This via ING USD versus other major FX, we do believe the relative cyclical forces will start to work against the dollar: