Weekend PBOC statement - will maintain prudent, flexible ＆ targeted monetary policy A statement on Saturday from the People's Bank of China. I am yet to ever read of them pledging imprudent monetary policy. Data over the weekend from China:
Is the Soil an “Ecosystem Service” That Can Be Priced? The entire ecosystem services project is flawed, because only the use values of services so small as to be toys can be priced.
Oil - US ＆ UK governments say Iran attacked Israeli-managed tanker off Oman An update on what appears to be an Iranian attack on a ship carrying petroleum products Reuters have more here Also, in the UK a 'Cobra' meeting was held over this on the weekend - attended by officials but not ministers.
Asia FX - market holiday today in Sydney. Will thin out early Monday forex trade. A heads up for a local holiday in Sydney Monday 2 August 2021. New Zealand is in
US vote on $1tn infrastructure bill could be held “in a matter of days" DJ / Market Watch with the latest on US infrastructure talks: This is familiar stuff ... but maybe its accurate this time. Link to Market Watch article is here for much more.
Trade ideas thread - Monday 2 August 2021 Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
Succession Drama Grips Scholastic: CEO's Sudden Death, an Office Romance and a Surprise Will Richard Robinson stunned his family by bequeathing his controlling stake in the ‘Harry Potter’ publisher to senior executive Iole Lucchese.
What is An Olympic Gold Medal Actually Worth? Some former Olympians have resorted to selling their medals because of financial hardships or to raise money for charity.Sunisa Lee of the U.S. holds her gold medal.
How Local Media Spreads Misinformation From Vaccine Skeptics Facebook and other social media have been under scrutiny for vaccine misinformation, but local outlets have also sometimes been active.Local newspapers, radio and television stations and podcasts are often a starting point for anti-vaccine messaging, a researcher said.
Zoom settles US class action privacy lawsuit for $86m The video conferencing firm denies wrongdoing, but has agreed to boost security measures.
To Fight Vaccine Lies, Authorities Recruit an ‘Influencer Army’ The White House has teamed up with TikTok stars, while some states are paying “local micro influencers” for pro-vaccine campaigns.Ellie Zeiler, 17, a TikTok creator, at her home in Escondido, Calif.
Weekend price moves, BTC update (and check out ETH, surge higher) Bitcoin gained ground late last week to US$42K and despite dipping a little or there weekend is still above $41K. Ethereum, though, is pushing higher as I post.
Sunken ‘Jungle Cruise’ Sales Reflect Hollywood’s Delta Variant Troubles The mega-budget comedic adventure took in $34 million in North America and $30 million on Disney+ worldwide.
Economic calendar due from Asia today - another China PMI (private survey manufacturing) Over the weekend we had the official (NBS) PMI survey results released: Weekend data - China PMI Manufacturing 50.4 (expected 50.8, prior 50.9) Non-manufacturing 53.3 (exp 53.3, prior 53.5)