After a suicide bombing in Kabul, Republicans claim Biden has “blood on his hands”.

There were heartbreaking scenes at Kabul airport yesterday, as 103 people were killed in a terrorist attack that included 90 Afghans and 13 US service members. After UK and US officials ordered that people gathered in the surrounding areas disperse, the incident occurred. The incident has put President Biden and the Democrats under even more strain. Because of the haste with which the United States left Afghanistan, equipment and weaponry was left behind, which is now in the hands of the Taliban. Following yesterday’s attack, House Minority Leader Kevin McCarthy declared that Biden has “blood on his hands” and called for a resumption of congressional proceedings.

New Zealand’s Jacinda Ardern has prolonged the country’s lockdown for another two weeks. The country’s tough stance at the onset of the pandemic was lauded for the speed with which they were able to get the country COVID-free.

Unemployment claims in the US yesterday missed expectation coming in at 353k, higher than the expected 345k. The miss on the data had little impact on the green back due to the continued instability seen globally.

An important event to follow is the upcoming French Presidential election, in initial polling Marcon and La Pen are level pegging. The EU’s chief Brexit negotiator Michel Barnier will also stand in the election as a right wing candidate saying that limiting immigration would be a key policy pledge.

Economic Calendar

13:30USD Core PCE Price Index (MoM) (JUL)0.3%0.4%
13:30USD Core PCE Price Index (YoY) (JUL)3.6%3.5%
13:30USD Goods Trade Balance (Jul)-92.05B
13:30USD Retail Inventories Ex Auto (Jul)0.5%
13:30USD Wholesale Inventories (MoM)1.1%
15:00USD Fed Chair Powell Speaks
20:30GBP CFTC GBP NC Net Positions£4.7K

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