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Chile Gross Domestic Product (YoY) came in at -0.2%, below expectations (0.2%) in 2Q
Chile Gross Domestic Product (YoY) came in at -0.2%, below expectations (0.2%) in 2Q
United States Export Price Index (YoY) down to 8.2% in July from previous 10.2%
United States Export Price Index (YoY) down to 8.2% in July from previous 10.2%
United States Building Permits (MoM) above expectations (1.37M) in July: Actual (1.443M)
United States Building Permits (MoM) above expectations (1.37M) in July: Actual (1.443M)
Euro: Range-bound before FOMC against US Dollar – ING
Chris Turner at ING describes EUR/USD as contained after a rally stalled just above 1.16, with investors cautious due to high natural gas prices and upcoming FOMC minutes. He expects a 1.1520–1.1580 range near term, while higher energy supports ECB hike expectations.
United States Import Price Index (MoM) below forecasts (0.1%) in July: Actual (-0.4%)
United States Import Price Index (MoM) below forecasts (0.1%) in July: Actual (-0.4%)
United States Housing Starts Change down to -12.4% in July from previous 19%
United States Housing Starts Change down to -12.4% in July from previous 19%
United States Export Price Index (MoM) came in at -1.3%, below expectations (0.2%) in July
United States Export Price Index (MoM) came in at -1.3%, below expectations (0.2%) in July
US ADP Employment Change 4-week average rises to 9.5K as hiring rebounds
Private-sector hiring in the United States (US) shows tentative signs of improvement in early August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, private employers added an average of 9.5K jobs per week in the four weeks ending August 1.
Brent: War-linked range trading outlook – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes Brent crude has rallied above $91 as the US–Iran Strait of Hormuz standoff persists. Haddad argues crude Oil is driving the war narrative and expects price swings to steer escalation risks.
United States ADP Employment Change 4-week average increased to 9.5K in July 25 from previous 8.25K
United States ADP Employment Change 4-week average increased to 9.5K in July 25 from previous 8.25K
Canadian Dollar remains resilient as Oil strength counters firmer US Dollar
USD/CAD trades little changed on Tuesday as rising long-term US Treasury yields lift the US Dollar (USD), while elevated Oil prices underpin the commodity-linked Canadian Dollar (CAD). At the time of writing, the pair trades around 1.3874, near levels last seen in early June.
Canada Housing Starts s.a (YoY) registered at 229.1K, below expectations (248K) in July
Canada Housing Starts s.a (YoY) registered at 229.1K, below expectations (248K) in July
European gas: LNG inflows key for prices – Commerzbank
Commerzbank’s Norman Liebke argues that European gas storage will depend on higher LNG imports over winter, as current inflows of 8 bcm per month would see storages trend toward 0% by March.