Consumer confidence in the US improved slightly in early September, with the University of Michigan's Consumer Sentiment Index edging higher to 69 from 67.9 in August.
At the beginning of next week, there will be all kinds of economic data from China to ‘work through’, Commerzbank’s commodity analyst Barbara Lambrecht notes.
The first Federal Reserve interest-rate cut in four and a half years will be the main focus for Gold traders next week, Commerzbank’s Commodity Analyst Barbara Lambrecht notes.
Many of the readers pay particular attention to the EUR/USD exchange rate.
As expected, the ECB cut the deposit facility rate by 25bp to 3.50%.
European Central Bank (ECB) policymaker Robert Holzmann told The Financial Times on Friday that the monetary policy is on a good trajectory, per Reuters.
UK public inflation expectations for the next 12 months are seen at 2.7% in August, a tad lower from a 2.8% forecast in May, the quarterly survey conducted by the Bank of England (BoE) and Ipsos showed on Friday.
European Central Bank (ECB) policymaker Madis Muller said on Friday that “confidence is growing that inflation is on the right track..” Additional quotes Temporary acceleration in inflation is likely.
European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, commented on the interest rate outlook on Friday.
European Central Bank (ECB) Governing Council member Bostjan Vasle said on Friday that “we are not committed to any predetermined rate path.” “Inflation to be largely steered by core and services,” he added.
European Central Bank (ECB) policymaker Olli Rehn said on Friday that “ECB rate cuts are supportive of growth.” Additional quotes Current uncertainties emphasize the dependence on fresh data on the economy.