Brazil real on pause in coming weeks, focus on vaccination progress: Reuters poll

© Reuters. By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s real will likely stay on pause in coming weeks around the mid-point of its recent wide trading range, as strategists focus on advances in vaccination efforts by President Jair Bolsonaro’s government, a Reuters poll showed. The Brazilian currency was quoted at 5.33 per U.S. dollar […]

Continue Reading

NZD traders – heads up for the GDT dairy auction coming up Tuesday

For the kiwi traders its worth keeping an eye on price developments for this huge NZ export The GlobalDairyTrade (GDT) auction begins at midday in London on Tuesday, the results will come out in the hours following. Previous results: Westpac expect another higher price result at the auction on Tuesday:: We expect whole milk powder prices […]

Continue Reading

The bond market is signaling that another round of US stimulus is coming

30-year yields are nearing to highest since June US 30-year yields touched 1.58% today, edging above the mid-June and late-August highs. This is mostly about a stimulus package that’s going to approach $ 2 trillion dollars. It’s not just the increased debt supply will come with that but the inflation impulse on spending of another […]

Continue Reading

ADP employment and GDP coming up on the North American calendar

It’s month end It’s the final day of September and that gets us one day closer to the end of this wretched year. The mess in the debate last night and Trump’s refusal to commit to a peaceful transfer of power aren’t helping the risk tone but generally markets have taken it in stride. Aside […]

Continue Reading

France’s Macron: In the coming weeks, will make masks compulsory in all enclosed public spaces

Comments by French president, Emmanuel Macron Masks should be worn for public events held outdoors There are signs that the coronavirus is returning a bit We will be ready if there is a second wave This comes amid a bit of a warning by local health officials over the weekend on French citizens being too […]

Continue Reading

China PMIs due this coming week – the inside word preview

The official PMIs are due on Tuesday, see post here (or at the bottom of this post) for priors and expected.  Later in the week, Wednesday and Friday, are the private survey PMIs, Caixin/Markit. Markit give a brief preview: China’s PMIs will be especially closely watched given its earlier relaxation of virus-related restrictions.  So far […]

Continue Reading

Key economic reports and events of the coming week

Monday, June 22, 2020 – PBoC Loan Prime Rate(CNY), Existing Home Sales (May)(USD). Tuesday, June 23, 2020 – German Manufacturing PMI (Jun)(EUR), Composite PMI (GBP), New Home Sales (May)(USD). Wednesday, June 24, 2020 – RBNZ Interest Rate Decision(NZD), German Ifo Business Climate Index (Jun)(EUR), Crude Oil Inventories(Oil). Thursday, June 25, 2020 – Core Durable Goods Orders (MoM) (May)(USD), GDP […]

Continue Reading

New King of Copper Trading Sees Demand Coming Back Even Stronger

© Reuters. New King of Copper Trading Sees Demand Coming Back Even Stronger (Bloomberg) — As head of trading at Trafigura Group, Kostas Bintas typically spends his time trekking around the globe, signing the deals that last year helped make Trafigura the biggest merchant of one of the world’s most crucial metals. By March this […]

Continue Reading