Holding pattern vibes persist, ahead of Powell speaking in just over an hour - Odds on that after all the hype he says bugger all on Monetary Policy.
Wishing you all the best for the U.S. session ahead - Ryan (PiQ)
Roundup of European Session Headlines:
- Futures subdued ahead of Powell's remarks
- PBOC: China faces challenges from slowing economic drivers incl property, infra and export
- United States MBA 30-Year Mortgage Rate $USD Actual: 7.61% Previous: 7.86%
- ECB's Nagel dismisses rate-cut talk, calls inflation 'greedy beast'
- The @Newsquawk US Market Open: Equities in the red, USD bid & GBP lags; Fed's Powell due
- ECB policymakers keen to cool euphoria over inflation drop
- Swiss respond to removal from US currency manipulation list
- ECB’s Kazāks: Won’t Keep Interest Rates Elevated a Minute Longer Than Necessary
- Fed's Cook: 'We must remain vigilant to potential shocks'
- Eurozone Retail Sales (MoM) (Sep) $EUR Actual: -0.3% Expected: -0.2% Previous: -0.7%
- ECB's Makhlouf says new risks emerging as others fade
- ECB's Lane: underlying inflation progress not enough
- BoE's Bailey: Openness beats fragmentation
- Euro zone consumers raise inflation expectations in headache for ECB
- Dollar rebound extends for third day before Fed's Powell speech
- ECB’s Kazāks: We Remain Determined to Reach Our Price Stability Target
- Italian Retail Sales (YoY) (Sep) $EUR Actual: 1.3% Previous: 2.4%
- USDJPY Technical Analysis
- French Trade Balance (Sep) $EUR Actual: -8.9B Expected: -8.1B Previous: -8.3B
- German CPI (YoY) (Oct) $EUR Actual: 3.8% Expected: 3.8% Previous: 4.5%
- Oil prices sputter near 3-month lows as demand concerns mount
- The @Newsquawk Europe Market Open: Contained APAC trade ahead of Central Bank speakers
- China authorities ask Ping An to take controlling stake in Country Garden