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Index, just marginally down. The real story has been the bounceback after last weeks fall for bitcoin, approaching record highs. 19,595. 1. 1 to the upside. Drivings within opec that crude oil price down. Lets look at what is going on in the emerging market context. Asian markets are bouncing back nicely after yesterdays big move to the downside. What has been responsible for this change in mood . , onethink first of all should partly see yesterdays price action as an anomaly. I think the Way Investors are now returning to the positive things like easy fed policy, Global Economic recovery, which was confirmed by asian pmis and the index that just came out, and optimism about vaccines. Juliette and your team has written a piece on the e. M. Currency outlook for 2021. It reads quite positively. What is the basis for all that optimism . Maybe there are three reasons. First, valu ....
Protests against a label law that was passed earlier this month that opponents say will erode workers rights and dismantle environmental protection. This is the dollar index on the way down. One week lows earlier on today. The euro new york crude moving to the downside. We had the report on inventories showing u. S. Stockpiles were indeed much higher than had been anticipated. Dollar weakness, golds gain. Tom lets bring you the first word news and a catch up on the pandemic situation in europe. Be amains and continues to coronavirus hotspot, with new daily infection records in germany and the netherlands. Ing a curfew in madrid. Manchester is being forced into the u. K. s strictest curbs. In the u. S. , new yorks governor blames President Trump for virus deaths in his state, calling him a liar and a super spreader. California is easing restrictions in San Francisco. By the u. ....
Still a dollars story. Bloomberg dollar index looking like the u. S. Dollar is steady in the last 12 hours, but on course for potentially its worse july in a decade. The dollar index is flat essentially. U. S. Dollar, yes, i want to focus on this because 103. 50 is a key line. Modest upside for the u. S. Dollar. Japan downgraded from fitch to negative outlook. But you could see further upside. 103. 50 is a line to watch. In terms of offshore currency in the mainland, or in china, 7. 0 is what we are looking at. The euro is modestly stronger against the u. S. Dollar. Gold and silver and the yield story in the u. S. , gold started to modestly moderate. At. 6 is what we are looking silver also taking a bit of profit. Basiseld story, just 14 points for the twoyear and under 60 for the 10 year. We will see what jay powell says on whether yield control is a discussion they are ready to bring forward for the fed. A look atets have what is going on first word news wise as we look at the u. S. ....
Better than unemployment read as well. Lets have a look at some of the movers out there. It just shows that things are being priced in. The 10 year yield is pretty much unchanged. One move up on basis point. 10 year yields. An eye on what the bank of japan will say in a few hours time. Could be in an hourm could be this hour hour, could be this hour. No changes expected in that bank buyback program. It could go more into negative territory. Another Interest Rate decision is coming out of indonesia. Most people suggesting that we may see a cut. There is another body. It is a minority and they may stay after three Interest Rate cuts in a row. The indonesian rupiah has a dollars worth 14,090 in indonesian rupiahs. The bank of england a bit later. They are expected to state here. Stay here. Bloombergs u. S. Dollar index, we had some gains after the fed moved. E are holding on to th ....
Feeding Market Information to a swarm of japanese traders. Can you get more exuberance into this market . This fomo trade when it comes to equities in the u. S. And global, 24 billion flowing global sixth largest for inflows. ,hen it comes to u. S. Stocks 11 higher than its 200 day moving average, the whitest cap since 2013 idest gap since 2013. We do have a Public Holiday when it comes to u. S. Stocks on monday, so a wellearned rest when it comes to some of these u. S. Stocks and the recent rally we have seen. We have some breaking news when it comes to xiaomi. Considering chinese banks when it comes to their ipo, but sent to have chosen Goldman Sachs and deutsche bank, as well as Credit Suisse and Morgan Stanle ....