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The euro slipped down after Mario Draghi’s dovish rhetoric. Oil slides as investors are underwhelmed about OPEC’s supply-cut extension.EURThe euro is 0.3% weaker against the dollar this...
Note: The charts in this commentary have been updated to include the Q1 2017 Second Estimate released this morning.The chart below is a way to visualize real GDP change since 2007. It uses a stacked...
Earlier today the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation.Let's now...
With the markets closed on Monday, there really isn’t much to update you on “technically” from this past weekend’s missive. The important point, if you haven’t read it,...
May 30: Five things the markets are talking aboutPolitical risk in the euro area is not dead and is currently weighing on the EUR along with Draghi’s ‘dovish’ message yesterday that...
The last Housing Market Review covered data reported in April, 2017 for March, 2017. At that time, the iShares US Home Construction (NYSE:ITB) was at the high end of almost two months of churn which...
With so many markets closed it was really a night to forget and the leads for the Aussie open are thin on the ground.That being said, there are two distinct theme’s that need to be explored as...
Euro tumbles overnight EUR took a hit during the Asian morning on Tuesday. Even though it is hard to find a clear reason behind this tumble, a lot of investors are attributing it to a media report...
The Second Estimate for Q1 GDP, to one decimal, came in at 1.2% (1.15% to two decimal places), a decrease over 2.1% in the Q4 Third Estimate. Investing.com had a consensus of 0.9%.Here is the slightly...
Dear traders, This week will be shorter, but it does not mean less volatile. Some of the major news expected for the rest of the week is:Tuesday: PCE Price Index Thursday: ADP Unemployment Friday:...
EUR/JPYToday’s support: - 123.08 (main), where correction is possible. Break would give 122.88, where correction also may be. Then follows 122.72. Break of the latter would result 122.51. If a...
The Kansas City Fed Manufacturing Survey business conditions indicator measures activity in the following states: Colorado, Kansas, Nebraska, Oklahoma, Wyoming, western Missouri, and northern New...
by Pinchas CohenThe Big News China, Hong Kong markets closed Draghi reinforces dovishness Yen up on data Euro at risk World EventsAsian stock markets are continuing yesterday’s low liquidity as...
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau's summary on new orders: New...
Euro strength clipped by ECB and ItalyWe have a very European flavour in markets this morning with the single currency on the back foot as most of the Western world returns to their desks. Comments...