usd

US inflation unexpectedly dipped in August, falling below the market consensus figure on both the headline and core readings. Headline CPI rose 2.7% year on year down from 2.9%prior and below the expected 2.8%. Meanwhile, core inflation was also weak printing 2.2%, down from both the prior and expected reading of 2.4%. Apparel Drags Prices ...

2018-09-14 James Harte Read more
us retail

Typically the week after NFP, the US Census Bureau publishes the retails sales data for the prior month. The data can be price-sensitive and impact foreign exchange rates, as well as equities. There are several bits of data released at the same time, and together they constitute one of the major economic data events of the month. [shortcode-v...

2018-09-13 Daniel John Grady Read more
us unemployment rate

The monthly payrolls report for August released by the U.S. Department of Labor last Friday showed that the pace of hiring picked up the pace in August. Furthermore, the average earnings also grew strongly over the month while the official unemployment rate held steady. [shortcode-variables slug="act_tradeideas"] The U.S. unemployment rate...

2018-09-11 John Benjamin Read more
non-farm payroll

The biggest event this week for traders is going to be the release of the US Non-Farm Payrolls (NFP), expected at 8:30 EST (14:30 CET). NFP is something of a shorthand for the raft of monthly unemployment data that is released all at the same time. Here are some things to keep in mind for this event. [shortcode-variables slug="registerfornfpw...

2018-09-06 Daniel John Grady Read more
central banks

As we move through the final month of the penultimate quarter of the year, I thought it would be good to have a quick catch up on where the four major G10 central banks are at. It's been a far busier summer than usual with ongoing trade disputes, political turmoil around Brexit and sharp moves in oil, equity and commodity markets which are all h...

2018-09-06 James Harte Read more
federal reserve

The U.S. Senate confirmed the economist and President Trump's nominee Dr. Richard Clarida as the vice-chairman of the U.S. Federal Reserve. Dr. Clarida is a strategic adviser for Pimco since 2006, the bond fund manager, and a Columbia University professor. The confirmation to the post of the vice-chairman reinforced the central bank's leaders...

2018-09-06 John Benjamin Read more
us gdp

The U.S. economic growth was seen rising sharply during the second quarter of the year, which was more than previously estimated. The gains came despite a modest decline in a key measure of the corporate profits compared to the previous quarter. [shortcode-variables slug="act_tradeideas"] The real GDP which measures the value of all the go...

2018-09-05 John Benjamin Read more
monthly outlook

The month of August was seen to be relatively quiet as far as economic data was concerned. With the summer month coinciding with low volumes, the markets were broadly stable. The lack of economic data pushed the focus on the trade policies by the U.S. The sanctions imposed on Turkey sent the Turkish lira sharply lower. The effect was seen as ...

2018-09-04 John Benjamin Read more
fomc minutes

Summary: Officials confident that the U.S. economic growth will remain strong Members cite concerns due to the impact of trade tariffs on the U.S. economy Higher tariffs could result in increased cost of input prices, officials note September rate hike expectations remain strong [shortcode-variables slug="act_tradeideas"] The...

2018-08-30 John Benjamin Read more

Two days of talks between a Chinese delegation and US officials in Washington came to a fruitless end last week, resulting in both the US and China enacting a fresh round of tariffs on each other to the tune of $32 billion combined ($16 billion each). [shortcode-variables slug="act_tradeideas"] While expectations of progress in the talks w...

2018-08-30 James Harte Read more