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USD/CAD Price Forecast: Wobbles around 1.3800 ahead of US PPI data
The Canadian Dollar (CAD) trades sideways at around 1.3810 against the US Dollar (USD) during the European trading session on Thursday. The Loonie pair consolidates as investors await the United States (US) Producer Price Index (PPI) data for August, which will be published at 12:30 GMT.
Brent: Geopolitics keep rally supported – ING
ING analysts Warren Patterson and Ewa Manthey note that Brent has broken above $100/bbl for the first time since July, driven by persistent geopolitical risk in the Persian Gulf and limited prospects for de-escalation between the US and Iran.
Euro ticks down from session highs ahead of the ECB monetary policy decision
The Euro (EUR) has given away previous gains against the US Dollar (USD) on Thursday, pulling back to the 1.1620 area, from session highs above 1.1640.
British Pound strengthens above 1.3550, all eyes on US PPI inflation release
The GBP/USD pair gains traction to near 1.3555 during the early European session on Thursday, bolstered by a weaker US Dollar (USD). Markets might turn cautious later in the day ahead of the release of the US Producer Price Index (PPI) data.Â
Euro: Firms against US Dollar as ECB hike in focus – Danske Bank
Danske Research Team expects the European Central Bank (ECB) to raise its deposit rate by 25bp to 2.50%, in line with consensus and market pricing, while President Lagarde is expected to retain full optionality on future moves.
Sweden New Orders Manufacturing (YoY): -0.5% (July) vs previous 29.9%
Sweden New Orders Manufacturing (YoY): -0.5% (July) vs previous 29.9%
Sweden Industrial Production Value (YoY) climbed from previous -1.5% to 0.2% in July
Sweden Industrial Production Value (YoY) climbed from previous -1.5% to 0.2% in July
Sweden Industrial Production Value (MoM) declined to -3.6% in July from previous -0.4%
Sweden Industrial Production Value (MoM) declined to -3.6% in July from previous -0.4%
Denmark Inflation (HICP) (YoY) up to 2% in August from previous 1.6%
Denmark Inflation (HICP) (YoY) up to 2% in August from previous 1.6%
Norway Core Inflation (MoM) down to -0.5% in August from previous 0.8%
Norway Core Inflation (MoM) down to -0.5% in August from previous 0.8%
Norway Consumer Price Index (YoY) above forecasts (3.2%) in August: Actual (3.3%)
Norway Consumer Price Index (YoY) above forecasts (3.2%) in August: Actual (3.3%)
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.9%) in August
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.9%) in August
Norway Core Inflation (YoY) meets forecasts (3%) in August
Norway Core Inflation (YoY) meets forecasts (3%) in August