Americas Wrap

Mexican peso falls to a two-month low. Watch the chart Continuation of the trend One of the major divergences in markets in the past two months has been the lack of enthusiasm in emerging market currencies. Most -- if not all -- are way below pre-pandemic levels.... Read full article Dallas Fed July trimmed mean PCE price index +2.0% vs +1.4% prior What inflation? There is some poetry in how the Fed is suddenly dismissing inflation.... Read full article US stocks hit another record high The party continues The S&P 500 is back at 3504, up 19 points on the day. The index has had two negative days this month. Two! It's a sea of green fueled by cheap borrowing rates. Every dip is a buy, all bad news is good news.... Read full article Like a general fighting the last war Central banks doing now what they should have been doing a decade ago The last half of the 2010s was characterized by central banks trying to get back to 'normal' or to 'home' on interest rates. They were obsessed with getting away from the zero bound, just so they could cut again in the future.... Read full article White House says raised stimulus offer to $1.3 trillion Democrats want more Presumably the offer was made in the call to Pelosi yesterday. It was a short call so I don['t know if that's going to be a winning number, but it's certainly progress.... Read full article Read The Full Feed Latest Forex Orders FX option expiries for Friday, August 28 at the 10am NY cut USD/JPY  105.50 485m USD amount  105.55 412m  105.75 470m  106.00 658m  106.50 610m  107.00 600m  107.40 504m  USD/CAD  1.3145 537m USD amount  NZD/USD  0.6630 205m NZD amount For bank trade ideas, check out eFX Plus  All Forex Orders Cryptocurrency Technical Analysis Education Economic Calendar Forex Brokers Are you subscribed to our events? Join now and get informed Subscribe Connect with us on your favorite social network

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