Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, and more.
BUT first, to start off your day with a bang, here's a recap of the important news we think you should recall, ICYMI yesterday!
- PBOC sets USD/CNY reference rate for today at 6.4942 (vs. yesterday at 6.4929)
- Sydney coronavirus new cases surge, 239 today (up from 177 previous days)
- New Zealand July Business Confidence -3.8% (prior -0.6%) & Activity Outlook 26.3 (prior 31.6%)
- US coronavirus surge - Twitter is shutting its offices in San Francisco and New York again
- Who's looking for a bottom now for Chinese stocks?
- WSJ reports that the Robinhood IPO Prices at $38 a Share
- Goldman Sachs expects an FOMC taper warning in September, announcement in December
- UK vehicle manufacturers warn on-chip shortage (output was upon 2020)
- US Senate procedural vote on infrastructure (not a deal yet folks) is a yes
- No taper talk from FOMC or Powell (as expected) - Jackson Hole the next opportunity
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