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Thursday, August 3

3rd Aug - BoE a bit dovish

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Russia Economic Review – Daiwa


ECB seems to anticipate a European financial crisis – TF
ECB Economic Bulletin, Issue 5 / 2017 – ECB
Recent drivers of euro area equity prices – ECB

Carney Says Brexit to Take Toll on Growth as BOE Cuts Forecasts – BB
Pound Falls From 11-Month High as BOE Keeps Rates Unchanged – BB
Pound Plunges After BOE Votes 6-2 To Keep Rates Record Low, Cuts Growth Forecast – ZH
Bank of England Crushes Sterling – Marc Chandler
BOE Review: More dovish but still too optimistic on growth – Danske Bank

Is Gary Cohn a Good Pick to Head the Fed? – BB
Where's the inflation? – David Andolfatto

El-Erian: What We Need From the July Jobs Report – BB
5 Things to Watch in the July Jobs Report – WSJ
Tim Duy: Why These Job Numbers Matter to the Fed – BB
Great Graphic: Unemployment by Education Level – Marc Chandler
July Employment Preview – Bill McBride
Goldman: July Payrolls Preview – Bill McBride

Trump's Immigration Plan Is Half-Right, Half-Wrong – BB
Editorial: Trump's Immigration Dead End – BB
Trump Doesn't Care If His Proposals Become Law – BB
You Can Thank Leakers for New Russia Sanctions – BB

The Daily Prophet: Euro's Rally Enters the Realm of Relentless – BB
ING: "It Can Only Be Described As Euro Madness" – ZH
China leading indicators: Summer rebound, but slowdown ahead – Danske Bank
Bears Throw In The Towel: FANG Shorts Hit All Time Low – ZH

A Baccarat Binge Helped Launder the World’s Biggest Cyberheist – BB
IMF Faces Internal Resistance Amid Push to Uncover State Corruption – WSJ

Morning Report APAC TF
Asian markets were all lower at the start of trade. This follows the Dow closing above 22000 for the first time while the US dollar index remains on its downtrend move with little support.

FirstFT Daily BriefingFT
Chief executive pay falls, US Russia sanctions

Pay Falls for FTSE Bosses, Aviva Boosts Dividend

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Bank of England to turn more hawkish - or more dovish? * Bund yields to drop back in earlier range? * EUR/USD heading towards 1.20?

Morning MarketsTF
Equities retreated across much of Asia on Thursday though the US dollar firmed against the region's currencies and the Dow ended record high overnight — above 22000 points for the first time. The USD gained in Asian trading after weakening briefly through 1.19 to the euro on Wednesday.

Daily Market CommentMarc Chandler
Dollar-Bloc Currencies Turning, but Euro Downticks Limited

Brussels PlaybookPolitico
EU agency horse-trading — Germany’s diesel summit — Venezuela sanctions

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

Tech Stumble Drags Global Markets Lower; All Eyes On The BOE


FX UpdateTF
Market analysts are trying to drum up interest in today’s 'Super Thursday' for the Bank of England but the grinding uncertainty of Brexit may limit the potential for sterling upside even on a more-hawkish-than-expected performance from governor Mark Carney and company. Elsewhere the USD pulls higher against the smaller currencies ahead of July jobs report.

Englannin keskuspankin kokous on tänään – kiristyykö ote? * Odotamme USA:n palvelusektorin luottamuksen heikentyneen * Dow Jones puhkaisi 22 000 pisteen rajan