Dollar index trading at 95.28 (+0.00%) Strength meter (today so far) – Euro -0.06%, Franc +0.07%, Yen +0.61%, GBP +0.17% Strength meter (since last week) – Euro -0.06%, Franc +0.07%, Yen +0.61%, GBP +0.17% EUR/USD – Trading at 1.122...
FED'S KASHKARI TELLS CNBC POLITICS DOES NOT COME UP IN FED DELIBERATIONS ON POLICY...
The 10-year US Treasury yield broke above its August high of 1.63 percent by several basis points Monday, following Fed official Rosengrens speech that suggested that he favours a prompt rate hike. Also, we foresee that it will break June high of 1.74 percent on Fed rate hike expectations...
In correlation space, around 20% (see above chart), with USDJPY vols having taken off since early June in anticipation of the September BoJ meeting even as EURUSD and EURJPY vols have floundered...
INDIA JUL INDUSTRIAL OUTPUT YY* DECREASE TO -2.4 % (FCAST 1.7 %) VS PREV 2.1...
INDIA JUL CUMULATIVE IND. OUTPUT* DECREASE TO -0.2 % VS PREV 0.6...
INDIA JUL MANUFACTURING OUTPUT* DECREASE TO -3.4 % VS PREV 0.9...
INDIA AUG CONSUMER PRICE INDEX YY* DECREASE TO 5.05 % (FCAST 5.50 %) VS PREV 6.07...
Major support- 1.118 (90- day EMA). Major resistance – 1.12650 EUR/USD has declined sharply after making a 1.12637 at the time of writing. It is currently trading around 1.2232. On the higher side, any break above 1.12650 will take the pair till 1.1300/1.13270/1.1360...
U.S. STOCK INDEX FUTURES PARE LOSSES SLIGHTLY AFTER ATLANTA FED'S LOCKHART'S COMMENTS...
LOCKHART SAYS REMAINING SLACK IN LABOR MARKET IS "RELATIVELY SMALL...
LOCKHART SAYS CONTACTS WITH BUSINESS COMMUNITY INDICATE CAUTIOUS OPTIMISM THAT WILL INFLUENCE HIS POLICY VIEW...
LOCKART EXPECTS "LIVELY DISCUSSION" OVER WHETHER CURRENT INFLATION AND UNEMPLOYMENT READINGS CONSISTENT WITH POLICY RATE STILL CLOSE TO ZERO...
LOCKHART SAYS ECONOMIC MOMENTUM ADEQUATE TO ACHIEVE FED'S GOALS IN MEDIUM TERM...
CITING POTENTIAL FOR MARKET VOLATILITY, LOCKHART SAYS WON'T COMMENT ON LIKELY OUTCOME OF SEPT, NOV OR DECEMBER FOMC MEETINGS...
LOCKHART SAYS EXPECTS STRONG SECOND-HALF GROWTH THIS YEAR AT A THREE PERCENT ANNUALIZED RATE...
ATLANTA FED'S LOCKHART - "SERIOUS DISCUSSION" OF RATE INCREASE WARRANTED AT UPCOMING FED MEETING...
ECB'S DONNERY SAYS FOR SOME BANKS IT WILL TAKE LONGER THAN THREE YEARS TO FIX PROBLEM...
ECB SAYS IN NEW DRAFT GUIDELINES BANKS SHOULD SET 1- AND 3-YR TARGETS FOR REDUCING BAD LOANS...
