Forex trading headlines for North America July 25, 2014: June durable goods orders +0.7% vs +0.5% expected US June capital goods orders non-def ex-air +1.4% vs +0.5% expected Sharp downward revisions to prior non-def ex-air GDP estimates cut after durable … Continue reading
Forex futures market speculative positioning data from the CFTC Commitments of Traders report as of the close on Tuesday, July 22 2014: EUR net short 89K vs short 63K prior JPY net short 54K vs short 63K prior GBP net long … Continue reading
Goldman Sachs is sounding an alarm on stocks with its global macro team shifting to neutral on the sector, at least over the next 3 months. “We downgrade to neutral over 3 months as a sell-off in bonds could lead … Continue reading
As bad as the 2.9% contraction in the US economy in the first quarter was, it could have been worse. The private economy shrank 3.3% and it was bolstered but a 3.2% growth pace in the Federal government. The government … Continue reading
How depressing is that? Where did the summer go? Make sure you enjoy it! Here are the weekly changes in FX: Volatility was decent this week, which is a welcome change. I suspect it will continue with the Fed and … Continue reading
The Australian dollar was the top performer this week while the New Zealand dollar lagged. The pair climbed 1.65%, or 178 pips from last Friday’s close. The pair stumbled in the first hours of trading but surged afterwards. The Australian … Continue reading
Economists at BMO have “nudged forward” their forecast for the first rate hike. They now see Yellen & Co hiking rates near the end of Q2 rather than at the start of Q3. The change is “driven by the recent … Continue reading
Of the past 33 trading days, AUD/USD has traded at 0.9400 in 26 of them.
A government source cited by Reuters says Israel’s security cabinet has rejected a ceasefire and seeks modifications.
He’s right, obviously, but consider this. Q1 Russian growth +0.9%, Q2 forecast growth +0.45% – net +1.5% annualized in H1 Q1 US growth -2.9%, Q2 forecast growth +3.0% – net 0% in H1 Sanctions are hurting Russia, what’s the US … Continue reading