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(1) A Week Of Contrasts For Euro And Pound (2 min read) Caroline Grady compares a contrasting few days for EUR and GBP. Forecast upgrades from the ECB and a lack of concern over currency appreciation allowed to euro to move higher (also see her preview ahead of the ECB meeting here). The pound, by contrast, is under increasing pressure given new UK legislation that would overwrite the signed Brexit withdrawal agreement.
(Caroline Grady │ 10th September, 2020)
(2) China’s Economy Losing Steam (1 min read) Growth momentum in China is slowing and we expect forthcoming loan data to confirm that new credit extension has peaked. Caroline Grady goes through the details.
(Caroline Grady │ 10th September, 2020)
(3) Will The FBI Interfere In The US Elections Again? (3 min read) The FBI’s late stage intervention in the 2016 US election saw undecided voters swing towards Trump. With the share of undecided voters now much lower and Biden’s net favourability rating much higher than Clinton’s, I think polls are more likely to correctly capture voting intentions leaving Biden in a good position to win.
(Bilal Hafeez │ 8th September, 2020)
(4) Did Bitcoin, Rather Than Softbank, Lead The US Stock Sell-off? (1 min read) Bitcoin declined sharply ahead of last week’s collapse in tech stocks. I argue that as Bitcoin reflects the ‘new tech economy’ watching its price moves could be important for trading tech stocks.
(Bilal Hafeez │ 7th September, 2020)
(5) Will Good News In The August Labour Report Lead To More Bad News? (5 min read) Friday’s US labour market data contained several important positives. But, as John Tierney argues, this could reduce the urgency for Congress to agree another stimulus package and slow the broader recovery.
(John Tierney │ 7th September, 2020)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)