MARKET ANALYSIS:
ECON DATA:
KEY POINTS:
The FED's statement was a tinge more dovish than expected but mostly inline with market expectations. Today we have ECB and BOE. Please see our analysis here Traders Cheat Sheet MAIN EVENT on what to expect.
NEWS:
Australian manufacturing slumped in July as a decline in the currency and earlier interest-rate cuts failed to boost exports and local demand
Asian stocks rose, paring this week’s losses, as a gauge of China’s manufacturing beat estimates and after the Federal Reserve maintained its bond-buying program at current levels
President Barack Obama has opened up the contest to become the next chairman of the Federal Reserve, adding former Fed Vice Chairman Donald Kohn
Easy Money to Keep Flowing for Now as Economy Plods Ahead; Inflation Stays Tame
ZEROHEDGE - The Entire Developed World Is On A Slippery Slope".
ECON DATA:
| Currency | DATA | Actual | Forecast | Previous |
| CNY | Manufacturing PMI | 50.3 | 49.8 | 50.1 |
| CNY | HSBC Final Manufacturing PMI | 47.7 | 47.7 | 47.7 |
| JPY | 10-y Bond Auction | 0.80|3.5 | 0.88|2.4 | |
| EUR | Final Manufacturing PMI | 50.1 | 50.1 | |
| GBP | Manufacturing PMI | 52.8 | 52.5 | |
| GBP | Asset Purchase Facility | 375B | 375B | |
| GBP | Official Bank Rate | 0.50% | 0.50% | |
| GBP | MPC Rate Statement | |||
| USD | Challenger Job Cuts y/y | 4.80% | ||
| EUR | Minimum Bid Rate | 0.50% | 0.50% | |
| EUR | ECB Press Conference | |||
| USD | Unemployment Claims | 346K | 343K | |
| USD | ISM Manufacturing PMI | 52.1 | 50.9 | |
| USD | ISM Manufacturing Prices | 53 | 52.5 |
KEY POINTS:
The FED's statement was a tinge more dovish than expected but mostly inline with market expectations. Today we have ECB and BOE. Please see our analysis here Traders Cheat Sheet MAIN EVENT on what to expect.
Australian manufacturing slumped in July as a decline in the currency and earlier interest-rate cuts failed to boost exports and local demand
Asian stocks rose, paring this week’s losses, as a gauge of China’s manufacturing beat estimates and after the Federal Reserve maintained its bond-buying program at current levels
President Barack Obama has opened up the contest to become the next chairman of the Federal Reserve, adding former Fed Vice Chairman Donald Kohn
Easy Money to Keep Flowing for Now as Economy Plods Ahead; Inflation Stays Tame
ZEROHEDGE - The Entire Developed World Is On A Slippery Slope".