Reserve Bank of Australia Governor Bullock RBA Governor Bullock says a measured, gradual approach to monetary policy easing is appropriate. She notes the labour market has eased only gradually, with the unemployment rate still relatively low. The rise in unemployment in June was in line with forecasts and not considered a shock. June data suggests … Read more
The White House is set to release its crypto policy report on July 30. The report comes from the President’s Working Group on Digital Assets, which recently completed its 180-day review following an executive order signed by Trump in January. A key focus of the report is expected to be the Strategic Bitcoin Reserve—a proposed … Read more
Japan Preliminary Manufacturing PMI (July) 48.8, falling back into contraction Expected 50.2, Previous: 50.1 Services 53.5 Previous: 51.7 Composite 51.5 Previous 51.5 Japan’s manufacturing activity fell back into contraction in July dragged down by rising uncertainty over U.S. trade policy and fresh tariffs Output and new orders both declined Japan’s services sector continued to outperform … Read more
US Treasury Secretary Bessent: New Fed Chairman nominee is likely to be announced in December or January I posted earlier on the week that Bessent was trying to soothe Trump and have him relent on firing Powell: Bessent urges Trump not to fire Fed Chair Powell in private pitch to keep stability Trump read that, … Read more
Australia S&P Global July flash services PMI at 53.8 (vs 51.8 in June) Australia S&P Global July flash manufacturing PMI at 51.6 (vs 50.6 in June) Composite 53.6 (prior 51.6) All three moving further into expansion, solid results indeed. And you lot want a Reserve Bank of Australia rate cut? 😉 ps, Reserve Bank of … Read more
Tesla CEO Elon Musk said he expects European sales to accelerate following regulatory approval of its Full Self-Driving (FSD) system. In China, the company is working to navigate regulatory barriers to bring FSD to market. Despite facing global trade and tariff headwinds, Tesla continues to expand. Musk noted that the rollout of Tesla’s robotaxi service … Read more
The White House has downplayed recent reports suggesting a potential trade agreement with the European Union, cautioning that any talk of a deal remains speculative at this stage. Officials emphasized that while discussions may be ongoing, there is no confirmed framework or agreement in place, and any assumptions about the outcome would be premature. Earlier: … Read more
Treas. Sec. Bessent is speaking and says: We could see 1– 2 rate cuts this year Have breakfast with Fed Chair Powell almost every week. This article was written by Greg Michalowski at investinglive.com. fbs.mobi
The GBPUSD is trading to a new session high, breaking above the 50% midpoint of the July trading range at 1.35764. Earlier in the day, the price approached that level but encountered willing sellers, leading to a pullback to 1.3552, just below the swing area support at 1.3561. However, buyers quickly returned, lifting the pair … Read more
High yield 4.935% WI level at the time of the auction 4.951% Tail -1.6 basis points vs six month average of -0.1 basis points Bid to cover 2.79X vs six month average of 2.62X Directs 21.86% vs six month average of 18.0% Indirects 67.43% versus six month average of 68.0%. Dealers 10.72% versus six month … Read more
