WTI: Oil Hits New Multi-Week High on Growing Optimism About US-China Trade Talks

Retail and food services sales jumped 1.4% month-on-month (m/m), in line with market expectations. Sales of vehicles and parts played a big role in driving last month’s gain, surging by 5.3% m/m as consumers rushed to purchase new cars ahead of the auto tariffs. Building materials and equipment stores’ also posted a large increase, rising […]

The British pound has been one of the best-performing currencies in recent weeks, driven by a good run of UK data and expectations that the Bank of England will not cut interest rates at its upcoming meeting. However, there are signs that a correction may be imminent, as the GBP/USD pair is trading in overbought […]

Germany’s industrial production index jumped 2.9% in August, almost recovering from a similar drop in the previous month. This data, above the expected 0.8% rise, nominally supports the euro-dollar exchange rate on Tuesday, as does the positive surprise in the Sentix index on Monday. In both cases, the better-than-expected and stronger-than-expected data does not change […]