News
Important Only
France’s government faces collapse and markets react – ABN AMRO
Yesterday, French Prime Minister François Bayrou announced that a no-confidence vote will be held on September 8th. This comes in the wake of the ongoing political impasse, a phenomenon we have been highlighting for some time, ABN AMRO's Senior Fixed Income Strategist Sonia Renoult reports.
Fxstreet
Tue, Aug 26
ANALYSIS-Fed's credibility is an asset whose decline could be costly
Credibility of US central bank important to inflation controlMarket response to Trump's effort to fire Cook muted so farDispute could show if Fed is as independent as perceivedBy Howard Schneider WASHINGTON, Aug 26 (Reuters) - The Federal Reserve may have been late raising interest rates as i...Reuters
Tue, Aug 26
BoE’s Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside risks to growth materialise.
Fxstreet
Tue, Aug 26
US consumer confidence eases in August as labor market worries mount
WASHINGTON, Aug 26 (Reuters) - U.S. consumer confidence slipped in August as households grew more pessimistic about the labor market and future income.The Conference Board said on Tuesday its consumer confidence index fell to 97.4 this month from an upwardly revised 98.7 in July. Economists polled b...Reuters
Tue, Aug 26
TREASURIES-Yield curve steepens as Trump attempts to fire Fed's Cook
Fed's Cook denies Trump's authority to fire herYield curve steepens on concerns over Fed independence Treasury to sell $69 bln two-year notes on TuesdayBy Karen Brettell NEW YORK, Aug 26 (Reuters) - The U.S. Treasury yield curve steepened on Tuesday as U.S. President Donald Trump’s attemp...Reuters
Tue, Aug 26
Trump takes his Fed fight to unprecedented level with effort to fire Cook
Trump says he has "cause" to remove CookCook says Trump has no authority to remove her, will continue in jobFirst-ever effort to remove a governor could face a court challengeAdditional board seat could add to Trump's influence at the FedBy Michael S. Derby and Howard Schneider NEW YO...Reuters
Tue, Aug 26
Brazil's mid-month inflation index posts first drop in two years
SAO PAULO, Aug 26 (Reuters) - Brazil's mid-month consumer price index posted its first drop in two years in August as electricity costs fell, official data showed on Tuesday, with the 12-month reading edging closer to the upper end of the central bank's target range.Prices in Latin America&#...Reuters
Tue, Aug 26
US core capital goods orders, shipments surge in July
WASHINGTON, Aug 26 (Reuters) - New orders for key U.S.-manufactured capital goods increased more than expected in July, suggesting business spending on equipment got off to a strong start in the third quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business ...Reuters
Tue, Aug 26
FACTBOX-Wall St ramps up September rate-cut bets after Powell's dovish tone
August 26 (Reuters) - Morgan Stanley became the latest brokerage to forecast a cut in interest rates in September, joining global peers after Federal Reserve Chair Jerome Powell hinted at policy-easing next month.Deutsche Bank, BNP Paribas and Barclays pulled forward their rate-cut forecasts to Sept...Reuters
Tue, Aug 26
US Consumer Confidence Preview: Some weakness could emerge in August
The United States (US) will see the release of the August Conference Board’s Consumer Confidence Index on Tuesday. The report is a monthly survey conducted by the Conference Board that gathers information on consumer behaviour, expectations, purchasing intentions, and vacation plans.Fxstreet
Tue, Aug 26
EUR/HUF faces key resistance at 399/400 – Société Générale
EUR/HUF remains under pressure after failing to reclaim the 200-day moving average. A rebound is testing the 399/400 resistance zone, but inability to break higher risks extending the decline toward 389.90 support, Société Générale's FX analysts note.
Fxstreet
Tue, Aug 26
When is the US Durable Goods Orders data and how it could affect EUR/USD?
The United States (US) Durable Goods Orders for July is due for release today at 12:30 GMT. The Census Bureau is expected to show that fresh orders for durable goods have declined again, but at a moderate pace of 4%. In June, Durable Goods Orders contracted by 9.3%.Fxstreet
Tue, Aug 26
