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ForexFXStreet

Eurozone: Manufacturing outlook steadies as year-end hopes build – ING

ING’s Bert Colijn notes that Eurozone industrial production slipped by 0.1% in both June and July, leaving output broadly unchanged from a year earlier. He highlights resilience in capital goods and energy, but continued weakness in consumer-focused sectors, especially non-durable goods.

ForexFXStreet

Euro: Markets test ECB reaction function – Rabobank

Rabobank’s Senior Macro Strategist Bas van Geffen notes that EUR money markets now discount more than four additional European Central Bank (ECB) rate hikes beyond the two already delivered, as investors push expectations ahead of policymakers.

ForexFXStreet

United States Retail Sales rose by 1.2% MoM in August

Retail Sales in the United States increased to $773.9 billion in August, the US Census Bureau reported on Wednesday. This print represents a monthly gain of 1.2%, a reversal of the 0.5% contraction recorded in the previous month, and came in above market expectations (+0.8%).

ForexForexLive

Canada Building permits for the month of July -17.3 vs -6.4% estimate

Prior month +18.3% revised to 18.5% Canada’s July building permits: Building permits MoM: -17.3% vs -6.4% expected. Prior +18.5% Total permit value: $12.2 billion, down $2.6 billion from June Constant-dollar permit value: -17.5% MoM and -2.2% YoY July sectors compared with June: Non-residential: -$1.9 billion to $5.0 billion Residential: -$701.2 million to $7.2 billion Institutional: -$1.5…

ForexForexLive

US import and export prices are August 0.7% vs 0.4%. Export prices 0.6% vs 0.5% est.

Prior month import prices -0.3% revised from -0.4% Prior month export prices -1.4% US import and export prices for August: Export prices MoM: +0.6% vs +0.5% expected. Prior −1.4% Export prices YoY: +8.6% More details on Import and export prices: Import-price components—August versus July: Fuel imports: −0.1% vs −6.6% Nonfuel imports: +0.8% vs +0.3% Foods, feeds and beverages: +0.1% vs +0.7%…

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US August advance retail sales +1.2% vs +0.8% expected

Prior was -0.6% (revised to -0.5%) Ex autos +1.4% vs +0.5% expected Prior ex-autos -0.3% (revised to -0.2%) Retail sales control group +1.4% vs +0.4% expected Prior control was -0.4% Ex autos and gas +1.2% vs -0.2% prior (revised to -0.3%) Retail sales y/y nominal 6.0% vs 5.01% prior This is a very strong report right down the list and yet-another reason for the Fed to hike rates. It's also a…

ForexFXStreet

British Pound: Data back Bank of England pause – Rabobank

Rabobank’s Senior Macro Strategist Bas van Geffen highlights that United Kingdom (UK) inflation matched expectations at 3.1% y/y, with higher energy and fuel prices driving the rise, while core and services Consumer Price Index (CPI) remained unchanged.

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