- Prior was +8.93B (revised to +5.23B)
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US July consumer credit outstanding +25.45B vs +2.0B expected
US July consumer credit outstanding +25.45B vs +2.0B expected
- US consumer lending continues to rise
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- The USDJPY is testing the high from last week
- Atlanta Fed GDPNow Q4 growth estimate remains at 3.1%
- Shameless plug. Attacking Currency Trends by Greg Michalowski. A bargain on Amazon
- HSBC still sees Fed rate cuts ahead, another 75bp next year. Higher stocks & USD also.
- Catch up - OPEC+ does not have "the bandwidth to prop prices much higher"
- Bitcoin price prediction - to cross up $100k
- UBS says the USD value is 'stretched', sell further strength and get into GBP and AUD
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