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United States ISM Services Prices Paid: 72.6 (August) vs 70.3
United States ISM Services Prices Paid: 72.6 (August) vs 70.3
United States ISM Services PMI came in at 55.4, above forecasts (54.3) in August
United States ISM Services PMI came in at 55.4, above forecasts (54.3) in August
United States ISM Services Employment Index climbed from previous 47.4 to 47.8 in August
United States ISM Services Employment Index climbed from previous 47.4 to 47.8 in August
United States ISM Services New Orders Index climbed from previous 57.2 to 60.9 in August
United States ISM Services New Orders Index climbed from previous 57.2 to 60.9 in August
Gold: Longer-term landscape improves – TD Securities
TD Securities’ Ryan McKay and Bart Melek note that speculation of currency intervention and less hawkish Federal Reserve commentary have supported precious metals, with Gold moving away from nearby CTA selling triggers.
United States S&P Global Services PMI registered at 56.5, below expectations (56.8) in August
United States S&P Global Services PMI registered at 56.5, below expectations (56.8) in August
United States S&P Global Composite PMI in line with forecasts (56) in August
United States S&P Global Composite PMI in line with forecasts (56) in August
Canadian Dollar: Bullish momentum builds after BoC – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is modestly outperforming after a slightly hawkish Bank of Canada (BoC). Policy was left unchanged, but inflation risks were highlighted and December tightening is fully priced.
Japanese Yen: BoJ repricing supports gains against US Dollar – MUFG
MUFG’s Derek Halpenny highlights renewed Japanese Yen strength as markets price in more Bank of Japan hikes following recent comments from Takata and Ueda.
Russia Central Bank Reserves $ climbed from previous $761.2B to $774.2B
Russia Central Bank Reserves $ climbed from previous $761.2B to $774.2B
Brent: Updated price paths as Persian Gulf flows shift – ING
ING’s Warren Patterson revises Oil forecasts higher, highlighting tight Brent and refined product markets as Persian Gulf exports remain around half of pre-war levels.
Swiss Franc strengthens on inflation surprise and broad US Dollar weakness
USD/CHF comes under selling pressure on Thursday as a sharp rally in the Japanese Yen (JPY) weighs broadly on the US Dollar (USD), while the Swiss Franc (CHF) draws support from stronger-than-expected inflation and growth data.
Fed's Waller: Inclined to support policy hold if August inflation data shows progress
While speaking at the Reuters NEXT Newsmaker event in Washington, Federal Reserve Governor Christopher Waller said on Thursday that if August Consumer Price Index data confirms inflation pressures are cooling off, he is inclined to support holding the policy rate steady at the September policy meeti