US August 2018 industrial production – Production +4.9% y/y – Capacity utilization 78.1% vs 78.2% exp – Manufacturing production +0.2% vs +0.3% exp ForexLive
2-year note yields rise to highest since 2008 Brainard’s speech is going to turn out to be the main event of the week. She hinted that the Fed is going to continue to raise rates beyond the long-term neutral rate because the short-term neutral rate is higher. That’s a major potential tailwind for the US…
Latest data released by Eurostat – 14 September 2018 – Prior €16.7 billion; revised to €16.5 billion – Non-seasonally adjusted trade balance €17.6 billion ForexLive
Comments by Turkish president Erdogan – Sudden rise in USD/TRY above 7.00 was an “economic assassination attempt” – Says that Turkey has stopped this economic attack at some point ForexLive
According to a report by Handelsblatt After all, that kills off any realistic competition for the European Commission president post while at the same time having an ally of sorts at the ECB as well. Not sure how well this will go down with Macron though. He’s been rather quiet about this so far.
Latest data released by Istat – 14 September 2018 – Final CPI +1.6% vs +1.7% y/y prelim – HICP -0.2% vs -0.1% m/m prelim – HICP +1.6% vs +1.7% y/y prelim ForexLive
That adds to the optimism in risk sentiment ForexLive And that should at least give a reason for yen pairs to stay underpinned. E-minis are also trading at the highs for the day up 0.2% currently and that should help to support equities ahead of US trading.
Forex news for the European trading session – 14 September 2018 Headlines: Markets: – NZD leads, USD lags on the day – European equities are mixed, mostly higher
Japan prime minister Shinzo Abe comments in a public debate – Deflation in Japan has lasted for two decades – That is why monetary easing was implemented – Doesn’t think at all it is alright to continue forever ForexLive
A heads up for the the final industrial production data from Japan for July – due at 0430GMT – prelim is here: The preliminary result was a downside surprise, this preview nailed it: