McCarthy

Growth momentum further slowed in August despite resilient trade performance. FAI disappointed the most, while IP remained relatively stable and retail sales appeared to stabilise. Continued weakness in data may prompt acceleration in policy implementation and increased support, Standard Chartered's

A tougher-than-expected consumer inflation report followed a surprisingly soft producer price report. This divergence clearly reflects the price volatility facing the economy and the complexity of assessing the central bank's next steps. The consumer price index rose 0.4% last month, the highest sin

Asia stocks continue to dance to the same tune Wall Street’s been humming, letting the Fed’s dovish backbeat set the tempo as tech names keep strumming the lead. Oracle’s thunderclap in U.S. after-hours — record bookings, cloud euphoria — set the riff that carried across the Pacific. By the time the

Gold isn’t just glinting anymore, it’s blazing. Up more than 37% this year and already pressing through $3,500, it’s behaving less like a hedge and more like the market’s main character, carrying momentum that plausibly stretches toward $4,000 an ounce. What makes this run surreal is that it’s unfol

USD/CAD falls to near 1.3800 after failing extend five-day winning streak.Traders seem confident that the Fed will cut interest rates in the policy meeting in September.Canadian employers fired 65.5K workers in August. The USD/CAD pair retraces to near 1.3800 at the start of the week from its weekly

According to this morning’s ONS retail sales data, sales volumes are estimated to have risen by 0.6% in July 2025, following a downwardly revised increase of 0.3% in June 2025. Non-store retailers and clothing stores sales volumes grew strongly in July 2025, which retailers attributed to new product

We noted yesterday that the slump in long-dated global bonds was unlikely to sustain dollar strength. That’s proven true – the dollar has given back some gains, and focus has shifted back to the data, ING's FX analyst Francesco Pesole notes. Markets may not be ready to take rate expectations much lo

Stephen Miran, United States (US) Council of Economic Advisors (CEA) member and US President Donald Trump's pick to fill a recently-vacated seat on the Federal Reserve's (Fed) Board of Governors, swore that he would uphold the Fed's political independence if he were to be confirmed by Congress. Mira

Tuesday’s Euro Area inflation figures should provide the ECB with further ammunition to end its cutting cycle. The main inflation measure unexpectedly remained unchanged at 2.3% in August according to the preliminary figures (2.2% estimate), while the core number ticked up to 2.1% (from 2.0%). The G

EUR/GBP strengthens to near 0.8700 in Wednesday’s early European session.UK borrowing costs hit their highest since 1998, the GBP falls on fiscal worries. The ECB’s Lagarde speech will be the highlight later on Wednesday. The EUR/GBP gains ground to around 0.8700 during the early European session on

Outlook Today’s upcoming US news is the August manufacturing PMI from both S&P and ISM. We are seeing a burst of uncertainty and not just in the US. In the US, yields are taking off all along the curve, with the 30-year near 5% again and the highest since July. The 2-30 yield curve is the steepe

The Euro pulls back from Monday's highs, but the immediate trend remains positive.Investors are bracing for a steady Eurozone inflation report due later on Tuesday.The US Dollar remains vulnerable amid Trump's attacks on the Fed and hopes of rate cuts. The EUR/USD pair is putting an end to a five-da