Ahead of median estimated for FX reserves End of May was USD 3.1106 tln I guess a little more attention will be on the July figures. We are only a few days in but there have been reports of intervention (I posted on these last week, or wwas it the week before?)
Still 1% below the Atlanta Fed The NY Fed is out with their weekly model estimate,and for the current week, they show no change. They continue to see 2Q GDP at 2.8% (2.79% rounded higher).
NZD/USD was the top performer this week The New Zealand dollar tumbled to a two year low on Monday but followed that with a four-day rally. It made NZD/USD the best-performing trade this week, with a 0.98% gain.
Trend line and 200 bar MA on 4-hour chart The USDCAD fell to a lower trend line and 200 bar MA on the 4-hour chart after the employment data today. Canada employment was better than expectations. The US jobs report was good but mixed vs expectations.
S&P and Nasdaq move above 100 and 200 hour MAs today For the NASDAQ index, the price si up 58.7 points or 0.78% at 7645. The price has moved above the: For the S&P index, it too is trading at highs. It is up 12.76 points currently or 0.47% at 2749. In its move higher…
The latest tracking estimate from the Atlanta Fed The Atlanta Fed trimmed its economic growth tracker. “Since the last GDPNow update on Monday, July 2, the nowcasts of second-quarter real consumer spending growth and second-quarter real gross private domestic investment growth have declined from 2.9 percent and 7.1 percent, respectively, to 2.7 percent and 6.0…
Brazil vs Belgium is the next match today. Brazil vs. Belgium will be the 2nd quarterfinal game today. It will start at 2PM ET/1800 GMT.
Pressure by Brazil but stays off the scoreboard
Closing changes for the main European bourses On the week: German stocks would still need to gain more than 8% to recover to the highs from the start of the year.
What’s coming up in the week ahead The second week of the month is always a let-down from the excitement of Week 1 on the economic calendar but there are still a few highlights before start in two weeks.