Key risk events today: China GDP q/y; China Fixed Asset Investment ytd/y; China Industrial Production y/y; UK Retail Sales m/m; US Building Permits and Housing Starts; FOMC Member Harker Speaks; Prelim UoM Consumer Sentiment. (Italics represents previous analysis and outside sources) EUR/USD: Thursday had the EUR/USD refresh weekly highs at 1.1172 before rotating to the … Continue reading Friday 17th January: Broad-Based USD Buying Weighs on G10 Peers.
Category: Recent
US Retail Sales in Focus
Retail sales data is one of the timeliest economic indicators of consumer spending. According to Henry Hazlitt, author of Economics in One Lesson, US consumers account for approximately 70% of the national economy.
Thursday 16th January: Asian markets take a pause, near all time highs
Global Markets: Asian Stock Markets : Nikkei up 0.07%, Shanghai Composite down 0.48%, Hang Seng down 0.03%, ASX up 0.67% Commodities : Gold at $1552.95 (-0.07%), Silver at $17.92 (-0.41%), Brent Oil at $64.41 (+0.64%), WTI Oil at $58.21 (+0.69%) Rates : US 10-year yield at 1.797, UK 10-year yield at 0.647, Germany 10-year yield … Continue reading Thursday 16th January: Asian markets take a pause, near all time highs
Thursday 16th January: Dollar Dips Following US/China Signing Phase 1 Trade Deal.
The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be transformative for the US economy.
Wednesday 15th January: Asian markets begin to lose steam
Global Markets: Asian Stock Markets : Nikkei down 0.45%, Shanghai Composite down 0.54%, Hang Seng down 0.49%, ASX up 0.47% Commodities : Gold at $1551.45 (+0.44%), Silver at $17.84 (+0.54%), Brent Oil at $64.36 (-0.20%), WTI Oil at $58.09 (-0.24%) Rates : US 10-year yield at 1.806, UK 10-year yield at 0.721, Germany 10-year yield … Continue reading Wednesday 15th January: Asian markets begin to lose steam