US stocks fell overnight, causing APAC stocks to open lower while the rosy US economic data supported further Fed rate hikes. The S&P 500 lost 0.41%, while the tech- Nasdaq-100 Index fell 0.72%.
A surge in Treasury yields weighed on markets as chances for a 75-basis point FOMC rate hike increased in swap markets. The FOMC blackout period begins this Saturday.
The Institute for Supply Management’s non-manufacturing purchasing managers’ index (PMI) for August supported a hawkish Fed path. The services sector PMI increased to 56.9, up from July’s 56.7 and beating the 55.1 consensus forecast.
The ISM cited increased new orders, employment, and business activity for improvement. The 10-year Treasury yield rose more than 10 basis points (bps) during New York trading hours, pushing the rate to the highest since June.
The Japanese Yen also fell under pressure, as the USD/JPY saw its biggest daily gain since early August. Japan’s July coincident and leading economic indexes for July are due today at 05:00 GMT.
Another driver for the USD was the Chinese Yuan. The USD/CNH rate is approaching 7.000, a level not traded since July 2020. The People’s Bank of China’s daily Yuan fix on Tuesday exceeds analysts’ expectations for the 10th consecutive day.
The AUD also fell against the USD. DXY approaches the 2002 June high as RSI enters overbought conditions
This Post Has 12 Comments
Hi! Do you know if they make any plugins to assist with Search Engine Optimization?
I’m trying to get my site to rank for some targeted keywords but I’m not seeing very good gains.
If you know of any please share. Many thanks! I saw similar
blog here
Hello there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but
I’m not seeing very good success. If you know
of any please share. Thanks! I saw similar blog here: Escape room
Obter acesso a informações secretas pode lhe dar uma vantagem nos negócios sobre seus concorrentes e, graças aos avanços tecnológicos, a espionagem agora é mais fácil do que nunca.
Desde que haja uma rede, a gravação remota em tempo real pode ser realizada sem instalação de hardware especial. https://www.mycellspy.com/br/tutorials/how-remotely-monitor-and-record-another-phone-surround-sound/
Hi there! Do you know if they make any plugins to help with Search Engine Optimization? I’m
trying to get my website to rank for some targeted keywords but I’m not seeing very good results.
If you know of any please share. Cheers! I saw similar blog here:
GSA Verified List
It’s very interesting! If you need help, look here: ARA Agency
Hello there! Do you know if they make any plugins to help with
Search Engine Optimization? I’m trying to get my blog to rank for some
targeted keywords but I’m not seeing very good success.
If you know of any please share. Thanks!
You can read similar text here: Najlepszy sklep
Hello there! Do you know if they make any plugins to help with SEO?
I’m trying to get my blog to rank for some targeted
keywords but I’m not seeing very good results.
If you know of any please share. Thanks! You can read similar
art here: Sklep internetowy
It’s impressive that you are getting ideas from this post as well as from our
argument made at this place. I saw similar here: Sklep online
Woah! I’m really enjoying the template/theme of this website.
It’s simple, yet effective. A lot of times it’s tough to
get that “perfect balance” between superb usability and
appearance. I must say that you’ve done a great job with this.
In addition, the blog loads super fast for me on Internet explorer.
Outstanding Blog! I saw similar here: Najlepszy sklep
Somebody necessarily assist to make significantly posts I’d state.
This is the very first time I frequented your web page and to this point?
I surprised with the research you made to make this actual post extraordinary.
Great process! I saw similar here: Dobry sklep
Wow, incredible weblog format! How long have
you ever been running a blog for? you made blogging glance easy.
The overall glance of your web site is fantastic, let alone
the content! You can see similar here sklep online