Prior was +0.4% This number is practically ancient history but it’s an important metric for GDP.
US 10-year yields are up 6 basis points today to a session high of 2.60%. It’s been a one-way move up from 2.30% on August 15. The next technical level to watch is 2.62%. It’s a complicated trade because German … Continue reading
Even when vintage Tiger put a drive in the rough he still recovered for a birdie; that’s how it feels with dollar longs at the moment. No matter when/where you take the first swing in the trade … at the … Continue reading
Housing data from Teranet/National Bank showed prices up 0.8% in the month and 5.0% year-over-year. Yesterday’s Canadian housing data was a touch soft and maybe added a bit to the soft tone in the loonie.
Russian Minister of Economic Development Alexei Ulyukayev says Russia don’t want to retaliate against sanctions but will if it has to. There was talk yesterday that would ban used car imports and some other products.
Dollar longs are heading for the sidelines despite a good retail sales report. This month’s data was in-line with estimates but revisions to the prior report were all higher. There’s talk of a think tank report and heavy dollar selling … Continue reading
There’s talk that a New York think tank is out with a report saying the Fed will probably keep “considerable time” in the statement next week. They say a change in the statement is more likely in October, even though … Continue reading
Highlights of the August US advance retail sales report: Advance retail sales 0.6% vs 0.6% expected Prior reading was 0.0% (revised to +0.3% Control group +0.4% vs +0.5% exp Prior control group +0.1% (revised to +0.4%) Ex-autos 0.3%, as expected … Continue reading
Forex headlines for September 11, 2014: US initial jobless claims 315k vs 300k exp Draghi says red tape in Europe is sapping entrepreneurial spirits Draghi repeats ready to take further action if needed Canadian July new housing price index +0.0% … Continue reading
The poll is from YouGov. Ryan had a run-down of the poll release schedule earlier and if you’re trading the pound that schedule is more important than anything on the economic calendar.