By: Adam Button
RTRS: Troika report on Greece won't be released until after US election Troika announces one-week break in Greek negotiations Fed's Williams: FOMC could buy more bonds after Op Twist ends Schaeuble: Germany in agreement Spain doesn't need aid Canadian Aug CPI 1.2% y/y vs 1.3% y/y exp Deputy PM Saenz: Budget to be approved Sept 27 Fitch: No plans to review Italy’s sovereign rating near-term Robert Shiller warns on Canadian housing Cyprus should leave euro if bailout conditions unbearable: Party head Lockhart says now not the time to buy more Treasuries S&P sees 20-25% chance of US election Volcker: QE3 won't save economy Gold touches 6-month hight at $1787, retraces to $1773 S&P 500 flat at 1460 On the week, down 0.4% On day, JPY leads, NZD lags. Overall changes miniscule. The early theme was to dump the US dollar after the comments from the Fed's Williams. EUR/USD fizzled ahead of 1.3050, just as it did in Europe. The risk rally (and USD slump) didn't last long beyond the US stock market open. Risk edged down for the remainder. USD/JPY limped below 78.10 to a global session low but was very quiet overall. Cable slumped after two attempts at 1.63, finishing the day about 50 pips below. USD/CAD slid early on M&A talk but rebounded to 0.9767 on the soft Canadian CPI and factory data, along with weaker risk appetite. Similar pattern for AUD. Overall, we put a bunch of doji stars on the charts with nearly no changes from yesterday.
RTRS: Troika report on Greece won't be released until after US election Troika announces one-week break in Greek negotiations Fed's Williams: FOMC could buy more bonds after Op Twist ends Schaeuble: Germany in agreement Spain doesn't need aid Canadian Aug CPI 1.2% y/y vs 1.3% y/y exp Deputy PM Saenz: Budget to be approved Sept 27 Fitch: No plans to review Italy’s sovereign rating near-term Robert Shiller warns on Canadian housing Cyprus should leave euro if bailout conditions unbearable: Party head Lockhart says now not the time to buy more Treasuries S&P sees 20-25% chance of US election Volcker: QE3 won't save economy Gold touches 6-month hight at $1787, retraces to $1773 S&P 500 flat at 1460 On the week, down 0.4% On day, JPY leads, NZD lags. Overall changes miniscule. The early theme was to dump the US dollar after the comments from the Fed's Williams. EUR/USD fizzled ahead of 1.3050, just as it did in Europe. The risk rally (and USD slump) didn't last long beyond the US stock market open. Risk edged down for the remainder. USD/JPY limped below 78.10 to a global session low but was very quiet overall. Cable slumped after two attempts at 1.63, finishing the day about 50 pips below. USD/CAD slid early on M&A talk but rebounded to 0.9767 on the soft Canadian CPI and factory data, along with weaker risk appetite. Similar pattern for AUD. Overall, we put a bunch of doji stars on the charts with nearly no changes from yesterday.
