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Probability of pre-election US fiscal has dwindled- Goldman Sachs
Analysts at Goldman Sachs are still expecting the US Congress to deliver more stimulus spending by the end of December, but believe the probability is now much lower than it was a couple of months ago.
Key quotes
The August jobs report reduces political pressure for further stimulus.
The two side
USD/JPY picks up bids above 106.00 amid upbeat risk tone
USD/JPY prints three-day winning streak while attacking 106.50.
Upbeat Japanese PPI, vaccine news become latest catalysts to watch.
US-China trade deal talks, US push for COVID-19 cure and mixed American data played their parts earlier.
Japan’s Leading Economic Index, US Durable Goods Orders to deco
A quarter of temporary layoffs in US will be permanent - Goldman Sachs
The US employers shed more than 22 million people from their payroll in the early days of the coronavirus pandemic. And while 18 million of those were billed as temporary layoffs in April, analysts at Goldman Sachs now fear that almost a quarter of them will become permanent.
Some 2 million of thos
China's concerns about getting hold of computer chips rising - hires over 100 TSMC engineers
US sanctions and other moves against Chinese firms is prompting China moves to ensure chip supplies.
This as part of that push:
Two Chinese government-backed chip projects have together hired more than 100 veteran engineers and managers from Taiwan Semiconductor Manufacturing Co., the world's leadi
GBP/USD tests daily lows despite bullish technical outlook
The GBP/USD pair is trading near daily lows around 1.2725. Nonetheless, Friday's 4-hour chart is painting a favorable picture for bulls as the cable trades above all its SMA and momentum stays positive, Yohay Elam, an analyst at FXStreet, reports.
Key quotes
“GBP/USD is trading above the 50, 100, an
EUR/USD Analysis: Profit-taking kicks in after EU recovery fund agreement, bullish bias remains
A combination of factors assisted EUR/USD to gain some follow-through traction on Monday.
Optimism over a potential COVID-19 vaccine continued undermining the safe-haven greenback.
The market reaction to an agreement on the EU recovery fund turned out to be ‘sell the fact’ play.
The shared currency
Fed creates monster debt problem
The US corporate bond yields, as represented by Bloomberg Barclays Average Corporate Bond Yield Index, have declined to a record low of 2.03% despite debt levels as a percentage of gross domestic product soaring to record highs.
This is because the Federal Reserve is buying individual corporate bon
S&P 500: Futures part ways from Wall Street despite grim headlines
S&P 500 Futures bounces off 3,132 to defy the previous day’s downbeat performance.
US coronavirus cases crossed 3 million mark, numbers from Victoria recede while Beijing holds zero figure.
China witnesses further hardships from the US but chooses to open a new national security office in Hong K
Pull-up Update