Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Colombia Retail Sales (YoY) came in at 14.7%, above expectations (13.6%) in June
Colombia Retail Sales (YoY) came in at 14.7%, above expectations (13.6%) in June
Colombia Industrial output (YoY) above forecasts (2.1%) in June: Actual (4.1%)
Colombia Industrial output (YoY) above forecasts (2.1%) in June: Actual (4.1%)
Euro climbs as fading Fed hike expectations pressure US Dollar
EUR/USD rallies on Friday, erasing all the losses recorded earlier this week as broad-based weakness in the US Dollar (USD) lifts the Euro (EUR). At the time of writing, the pair trades around 1.1580 near its highest level since June 17.
Federal Reserve: Labour strength supports further hikes – Nordea
Nordea analysts Ole HÃ¥kon Eek-Nielsen and Jan von Gerich argue that the Federal Reserve is likely to deliver three more rate hikes over coming quarters to bring inflation back to target.
United Kingdom: Inflation risks tilt higher – TD Securities
TD Securities’ Julie Ioffe expects UK headline CPI to rise to 2.9% year-on-year in July, largely due to the Ofgem energy price cap adjustment. Services inflation is forecast to ease to 3.4%, while core goods rise to 1.0%, keeping core CPI at 2.6%.
Canadian Dollar surges as sharp US Retail Sales miss hits the Dollar
The Canadian Dollar (CAD) is among the best performers on Friday, trading near a fresh two-month low against the US Dollar (USD) near the 1.3860s mark. The move coincides with a weak US Retail Sales report that pulled the Greenback lower across the board, but it preceded that data release.
Japan: GDP steady, inflation near BoJ target – ING
ING highlights that market consensus sees Japan’s preliminary Q2 Gross Domestic Product (GDP) holding at 0.5% quarter-on-quarter, with Private Consumption remaining the main growth driver.
United States Michigan Consumer Expectations Index down to 50.6 in August from previous 55.4
United States Michigan Consumer Expectations Index down to 50.6 in August from previous 55.4
United States UoM 5-year Consumer Inflation Expectation unchanged at 3.3% in August
United States UoM 5-year Consumer Inflation Expectation unchanged at 3.3% in August
United States UoM 1-year Consumer Inflation Expectations increased to 4.3% in August from previous 4.2%
United States UoM 1-year Consumer Inflation Expectations increased to 4.3% in August from previous 4.2%
United States Michigan Consumer Sentiment Index registered at 51, below expectations (54.5) in August
United States Michigan Consumer Sentiment Index registered at 51, below expectations (54.5) in August
United States Business Inventories came in at 0% below forecasts (0.1%) in June
United States Business Inventories came in at 0% below forecasts (0.1%) in June
Canada: Solid growth with limited tariff drag – RBC
Royal Bank of Canada (RBC) economist Claire Fan highlights that Canadian growth rebounded strongly in Q2, supported by resilient domestic demand and improving net trade. She notes that U.S.