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Oil: Tight balance persists as Iran deal talk grows – TD Securities
TD Securities’ commodity strategists Ryan McKay and Bart Melek note that heavy deal-related headlines around Iran and Oman are influencing energy markets, but they argue Crude Oil fundamentals remain tight.
Gold slips as sticky US PCE inflation fails to boost Fed rate-hike expectations
Gold (XAU/USD) trades around $4,620 on Wednesday at the time of writing, down 0.83% on the day.
Euro comes under pressure against US Dollar after mixed US PCE data
EUR/USD trades under modest pressure on Wednesday after the US Personal Consumption Expenditures (PCE) Price Index report delivered a mixed inflation picture.
Canadian Dollar: Trade dispute risks weigh on Canada – BNY
BNY’s Geoff Yu reports that Washington is considering further trade penalties against Canada after Ottawa’s dollar-for-dollar retaliation to new U.S. tariffs. Canada plans to double counter-tariffs on U.S. steel and aluminum and add new duties on a range of goods.
United States Core Personal Consumption Expenditures (QoQ) above forecasts (3.4%) in 2Q: Actual (3.7%)
United States Core Personal Consumption Expenditures (QoQ) above forecasts (3.4%) in 2Q: Actual (3.7%)
United States Durable Goods Orders ex Defense climbed from previous 0.3% to 1.3% in July
United States Durable Goods Orders ex Defense climbed from previous 0.3% to 1.3% in July
United States Personal Consumption Expenditures Prices (QoQ) registered at 5.3% above expectations (5.1%) in 2Q
United States Personal Consumption Expenditures Prices (QoQ) registered at 5.3% above expectations (5.1%) in 2Q
United States Gross Domestic Product Annualized meets expectations (1.5%) in 2Q
United States Gross Domestic Product Annualized meets expectations (1.5%) in 2Q
United States Gross Domestic Product Price Index came in at 6.4%, above forecasts (6.3%) in 2Q
United States Gross Domestic Product Price Index came in at 6.4%, above forecasts (6.3%) in 2Q
United States Durable Goods Orders ex Transportation came in at 0.4% below forecasts (0.5%) in July
United States Durable Goods Orders ex Transportation came in at 0.4% below forecasts (0.5%) in July
United States Personal Consumption Expenditures - Price Index (MoM) above forecasts (0.1%) in July: Actual (0.2%)
United States Personal Consumption Expenditures - Price Index (MoM) above forecasts (0.1%) in July: Actual (0.2%)
United States Personal Spending in line with expectations (0.2%) in July
United States Personal Spending in line with expectations (0.2%) in July
United States Personal Income (MoM) above expectations (0.3%) in July: Actual (0.4%)
United States Personal Income (MoM) above expectations (0.3%) in July: Actual (0.4%)