News
Important Only
U.S. July Retail Sales Show Resilience — Upward Revision Weakens Rate Cut Bets
TradingKey - On August 15 (U.S. Eastern Time), the U.S. Census Bureau released the latest retail sales data. July retail sales rose 0.5% month-over-month, while June’s figure was revised up slightly to 0.9% from 0.8%. Year-over-year, retail sales grew 3.9%TradingKey
Fri, Aug 15
US Industrial Production contracts by 0.1% in July
Industrial Production in the United States (US) contracted by 0.1% on a monthly basis in July, the data published by the Federal Reserve (Fed) showed on Friday. This reading followed the 0.4% increase recorded in June and came in worse than the market expectation for a no change.Fxstreet
Fri, Aug 15
Fed’s Goolsbee: Don’t need to hold rates for ever
In a CNBC interview, Austan Goolsbee, President of the Federal Reserve Bank of Chicago, said rates do not need to be kept “forever” and that if inflation returns to its earlier benign trend, it would be appropriate to lower rates toward their long-term level.Fxstreet
Fri, Aug 15
US import prices rebound in July on higher consumer goods costs
WASHINGTON, Aug 15 (Reuters) - U.S. import prices rebounded in July, boosted by higher costs for consumer goods, the latest indication that inflation was poised to pick up because of tariffs.Import prices increased 0.4% last month after a downwardly revised 0.1% dip in June, the Labor Department'...Reuters
Fri, Aug 15
US retail sales increase solidly in July
WASHINGTON, Aug 15 (Reuters) - U.S. retail sales increased solidly in July, boosted by strong demand for motor vehicles as well as promotions by Amazon and Walmart, though a softening labor market and higher goods prices could curb growth in consumer spending in the third quarter.Retail sales rose 0...Reuters
Fri, Aug 15
RPT-BREAKINGVIEWS-Surging wholesale prices mock lust for lower rates
By Gabriel Rubin WASHINGTON, Aug 14 (Reuters Breakingviews) - The wait for signs of trade-war trouble ended with a bang. U.S. producer prices, a step before what consumers pay, increased 0.9% in July from the previous month, far outpacing what economists expected. It’s a substantial and surprisin...Reuters
Fri, Aug 15
USD/CNH is expected to trade in a sideways range of 7.1750/7.1880 – UOB Group
Momentum indicators are turning flat; US Dollar (USD) is expected to trade in a sideways range of 7.1750/7.1880. In the longer run, downward momentum is building; for a continued decline, USD must first close below 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Aug 15
Euro zone bond yields rise as traders digest hot US inflation, await Alaska summit
LONDON, Aug 15 (Reuters) - Euro zone bond yields rose on Friday as markets continued to digest Thursday's hot U.S. inflation print while awaiting the Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin later on Friday.Reuters
Fri, Aug 15
