Wonderful introduction:
Since ancient times, there have been joys and sorrows, and since ancient times, there have been sorrowful moon and songs. But we never understood it, and we thought everything was just a distant memory. Because there is no real experience, there is no deep feeling in the heart.
Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The Federal Reserve's interest rate cuts in September, and Europe supports Ukraine." Hope it will be helpful to you! The original content is as follows:
On August 18, during the Asian market on Monday, spot gold remained stable around $3,333 per ounce, and inflation data was higher than expected, prompting the market to cut bets for interest rate cuts. At the same time, the geopolitical situation in the United States and Russia eased, limiting the rise in gold prices; US crude oil trading was around $61.78 per barrel. Although Trump and Putin did not reach an agreement last Friday, they performed positively. Zelensky led European leaders to meet Trump at the White House, and investors focused on Ukraine facing the key choice of a "peace agreement".
The U.S. dollar jumped last Thursday as data showed U.S. producer prices increased more than expected in July, but gave up most of the gains on Friday, with the dollar falling 0.4% against a basket of currencies last week.
The PPI data is shocking, but there is still no specific evidence that tariffs will cause inflation to surge, and the focus is now shifting to Alaska as the market's bet on a September rate cut, which retook the gains earlier on Friday, said Kyle Chapman, a foreign exchange analyst at Ballinger & Co., London.
According to CMEFedWatch data, the money market reflects a 93% chance that the Fed will cut interest rates by 25 basis points in September.
The basic forecast of most economists surveyed by Reuters remains that the Fed cut rate in September, the first rate cut this year, followed by another rate cut by the end of the year, as there are growing concerns about the health of the world's largest economy.
Chicago Federal Reserve Chairman Goulsby said last Friday that the latest report this week showed rising inflation in the service sector, which made him feel "unset" because he believes tariffs have had a shock similar to "stagflation" on the economy. Last Friday, investors were still shutting downNote whether the Trump and Putin summit have made any progress on the issue of a ceasefire in Ukraine. Although no agreement has been reached, market sentiment is optimistic.
New Zealand's New Zealand business services industry performance index improved slightly in July, rising from 47.6 to 48.9. But the industry is still shrinking for the sixth straight month. Furthermore, the latest readings are still well below the long-term survey average of 52.9.
Details show mixed results. Activity/sales still contracted at 47.5, and new orders stagnated at 50.0. On the positive side, inventory has expanded to 51.4 for the second consecutive month. Employment part fell to 47.1, widening its continuous decline to 20 months.
Business confidence, although slightly negative, still reflects difficult situations. About 58.5% of the centrdom.infoments were pessimistic, down from 66.2% in June. The centrdom.infopany points to the decline in sales, reduced spending and ongoing cost of living pressures. Inflation, high interest rates, weather disruptions, staff shortages and global uncertainty all suppressed confidence.
Reuters survey: 34 of the 72 economists believe that the ECB will lower the deposit rate to 1.75% by the end of 2025; 31 people believe that it will remain at 2.00%; and 7 people believe that it will lower it to 1.50%.
The Bank of England (BoE) hawkish meeting and slightly stronger-than-expected GDP data have passed, and the market focus will turn to UK inflation data this week.
U.S. consumer confidence weakened in August, with the University of Michigan consumer confidence index falling from 61.7 to 58.6, lower than expected 62.1, the first decline in four months. The current economic situation index has dropped sharply from 68.0 to 60.9. The expected index fell slightly from 57.7 to 57.2.
Even though consumers no longer prepare for the worst economic situation that feared when tariff tensions were at their worst in April, optimism remains fragile. Many still expect inflation and unemployment to worsen in the centrdom.infoing year, weakening any boost from the resilience of household confidence earlier.
Inflation expectations are particularly striking, with forecasts for the centrdom.infoing year rising from 4.5% to 4.9%, and long-term expectations climbing to 3.9% from 3.4%. The rebound ends a months-long easing trend and could draw the attention of the Fed, especially as the Fed weighs deep-rooted price pressures against the risks of slowing growth.
U.S. retail sales rose 0.5% month-on-month to USD726.3B in July, in line with expectations, indicating that consumer spending momentum remains intact.
Excluding automobiles, sales increased by 0.3% month-on-month, which is also in line with expectations, while sales without gasoline increased by 0.5% month-on-month. The narrower indicator, excluding cars and gasoline, increased by 0.2% month-on-month.
The total sales increased by 3.9% from a year ago from May to July, indicating that despite the high price pressure,Still maintaining stable year-on-year growth.
The above content is about "[XM Forex Official Website]: The Federal Reserve's interest rate cuts in September, Europe supports Ukraine." The content is carefully centrdom.infopiled and edited by the editor of XM Forex. I hope it will be helpful to your transactions! Thanks for the support!
Life in the present, don’t waste your current life in missing the past or looking forward to the future.