NEWSLETTER 

NEWSLETTER 

  • Eyes on the fed meeting today, with predictions of keeping interest rates at 525-550 for this month.  
  • A final look at US indices before the interest rate decision: 
  • Indices closed in the red zone yesterday, will this continue after today’s rate decision and Powell’s speech? 
  • SP500: 4443.94 -0.22% Nasdaq: 15191.23 -0.22% Dow 30: 34517.74 -0.31% 
  • The DXY, now at the 105.5 level has been trying to break the 105.8 level recently but failed. A bullish statement for the dollar might push the DXY to break this level and test higher levels, but another failed attempt to break the 105.8 level might drive the DXY to move down.  
  • GOLD trading at 1929.2, EURUSD at 1.0689, GBPUSD at 1.2355 as of 07:45GMT 
  • Treasury 10 Year Yield increased to 4.365% yesterday highest since 2007 
  • Janet Yellen said she sees no signs that the economy is in a downturn – CNBC. 
  • The US National debt surpassed $33 Trillion for the first time ever – NYT. 
  • US API Crude Oil Stock Change Actual -5.25M (Forecast -2.667M, Previous 1.174M) 
  • US Housing Starts Number Actual 1.283M (Forecast 1.439M, Previous 1.452M) 
  • JPMorgan $JPM increased its quarterly dividend. JPMorgan declared a quarterly dividend of $1.05 per share up from its previous dividend of $1.00 
  • Intel $INTC CEO Pat Gelsinger said the chipmaker’s technology is central to the AI boom – Bloomberg. 
  • Amazon $AMZN announced plans to hire 250,000 employees for the 2023 holiday season – Bloomberg. 
  • Eurozone CPI YoY Final Actual 5.2% (Forecast 5.3%, Previous 5.3%) 
  • ECB’s Villeroy: Once inflation is back around 2%, the ECB rate can be lowered. 
  • ECB’s Villeroy: The ECB is not at the point today where we could cut rates. 
  • ECB’s Villeroy: The ECB will keep rates at 4% for as long as needed. 
  • UK inflation came much lower than expected. 
  • UK Core CPI YoY Actual 6.2% (Forecast 6.8%, Previous 6.9%) 
  • UK CPI YoY Actual 6.7% (Forecast 7%, Previous 6.8%) 
  • CPI for Canada in August came in at +4% YoY above expectations of +3.8% YoY 
  • Saudi Energy Minister: We will review the output plan every month. 
  • Saudi Arabia is in very early talks with Tesla $TSLA about setting up a manufacturing facility in the country – WSJ. 

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