as jules maigret might say “intéressant” :
WASHINGTON, Aug 29 (Reuters) – U.S. Defense Secretary Lloyd Austin has approved a request to provide the Secret Service with additional military support capabilities for presidential and vice presidential candidates for the upcoming election, the Pentagon and the Secret Service said separately on Thursday.
DLRx 101.44
Showing little leg, but mixed vs bag of ccies.
Re jobs: I am guessing market is noticing workers are somewhat prudent if not outright anxious about jobs especially on the lower end of the pay scale.
With all calendar data now out of the way for today players are likely to focus on closing shop without much radical price volatility ahead of the weekend. Be enough opp to yingyang pricing next week starting Wednesday and the Friday.
DLR may close a little bit on the friski but it does not look ambitious – bit of a t/p into the close would not be a surprise – at least not to me.
Res 101.50 (eh Jay what have you to say ?)
Sup 100.70
The life of a trader…you were up at 2:30am chasing trades and your wife is shaking her/its head, only to wake up hours later looking at the fight that took place in your account. Yay I got it rifght. And what do you do? Go on an 8 mile power walk/sprint, protect some kid you’ve never seen before with your Shaolin skills, get back to safety, and take a nap and get back in the ring.
And you say … man that ___ can fight lol.
Still standing. Market call pending in a few lol
A look at the day ahead in U.S. and global markets from Mike Dolan
Record stock market highs have lit up across the world once again – though not yet for the usual suspects in the S&P500 (.SPX), opens new tab and Nasdaq (.IXIC), opens new tab.
Despite a rare stumble for the artificial intelligence theme after Nvidia’s results underwhelmed this week, the rest of the stock market complex shrugged it off and has instead lapped up a tasty diet of brisk economic growth along with falling inflation and interest rates.
Key times today
12:30 GMT US PCE (Fed’s favored inflation indicator)
15:00 GMT London 4 PM (month end) fixing
In between is the Chicago PMI and U of M final consumer sentiment
Note US jobless data seems to be the greater focus over inflation now that the Fed ha signaled a shift to rate cuts.
See our Economic Calendar
Npte also, US market will be thin and likely thin further ahead of the long Labor Day weekend.
What ate FX rebalancing flies?
FX rebalancing flows are large-scale institutional transactions that involve buying and selling assets in a portfolio to maintain a desired asset allocation. These flows are often seen at the end of the month, and their impact is usually most felt near the 4 PM London fix on the last trading day.
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