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Aussie recovers strongly in Asian session after released of less dovish than expected RBA minutes. Meanwhile, Canadian dollar is also lifted as WTI crude oil extends recent rise and broke 48 handle....
Market Movers In the US, focus will be on the CPI inflation figures for April. CPI core inflation for March came out lower than expected at 0.1% m/m. This suggests that the pickup in core inflation is...
CNBC recently reported that home construction weakened in March even as sentiment among builders remained high, but what’s more interesting is a quote from a Goldman Sachs report further...
European equity markets are expected to open a little higher on Tuesday as traders look toward the CPI data from the U.K. and the U.S. for signs that inflationary pressures are actually...
What if the FOMC and the wider Federal Reserve apparatus had heeded Greenspan’s uncertainty? There is grave danger in wandering too far into counterfactuals, but there is some value, I think, in...
Beggars Can Be ChoosyProving once and for all this refugee crisis is for economic reasons first and foremost, not political asylum, Greek refugees assigned to poor countries like Bulgaria and Romania...
Geography charts the financial destiny of households, at least in terms of housing. Everyone who follows the statistics of rising income and wealth inequality knows we're becoming a nation of haves...
Annual headline inflation in the UK in April is projected to hold steady at 0.5% A modest rebound is projected for US residential construction activity in April US industrial output in April on track...
Into the RBA Minutes: The big ticket item on the Asian Session calendar today is of course the release of the RBA Monetary Policy Meeting minutes from this month’s meeting.The May meeting which...
The Caribbean island of Puerto Rico is in the throes of a debt crisis that recently reached a breaking point when it missed a $422 million bond payment due May 2nd. When asked in a subsequent...
We recently wrote an article that warned investors of profiteers masquerading as activists. Many prominent “activist” investors are not always what they pretend to be and do not have the...
Economists are projecting growth for the monthly comparisons in tomorrow’s April updates on residential housing construction and industrial output in the US. But while the consensus forecasts...
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index,...
Monday morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at -9.0 (-9.02 to two decimals) shows a significant drop from last month's 9.56,...
Sweet Authoritative NothingsThere is a mysterious figure making regular appearances in China’s government mouthpiece “People’s Daily”, which simply goes by the name...