Fundamental Overview Gold rallied strongly on Friday as Fed Chair Powell tilted more dovish by saying that “with policy in restrictive territory, the baseline outlook …
Prior 89; revised to 88 French household confidence dips further in August, falling to its lowest since October 2023. Unemployment expectations continue to stay elevated …
French CAC 40 futures are now down 0.7% on the day and are continuing the declines from yesterday, in which the benchmark index closed lower …
Morgan Stanley previously expected no rate cuts by the Fed for this year but have now revised their forecast and is expecting two rate cuts …
The only item on the economic calendar in Europe today is the French consumer confidence report for July. That will be due at 0645 GMT. …
Fed chair Powell might have produced a dovish tilt at the end of last week but that’s not stopping the yield curve from steepening further. …