USA

The monthly building permits data will be released by the Commerce Department today. According to economists polled, building permits are forecast to rise 1.298 million in April. This follows a modest increase from March. Building… Read More

The Institute of Supply Management (ISM) will be releasing April’s report for the manufacturing sector today. According to the median poll of economists, manufacturing activity is forecast to dip from March’s rebound. In March,… Read More

The Conference Board’s consumer confidence report will be coming out later today during the NY trading session. The median estimates point to consumer confidence picking up following the decline in March. The rebound in consumer… Read More

Coming up this week, we have a series of data releases relating to the US housing situation.  However, these might be a bit overshadowed considering the all-important NFP release coming up at the end of the week. We've discussed… Read More

Risk assets began the European trading session today with a more dampened tone. The meeting between President Trump and North Korean Leader Kim Jong-Un failed to produce any results. The summit, which took place on the neutral ground of… Read More

There is no doubt that Trump’s speechwriters have an interesting job. When they aren’t busy helping the controversial president conjure up the sort of headline-grabbing rhetoric he has become famous for, Trump’s writers are also occupied… Read More

The big event on the American economic calendar today was supposed to be the release of retail sales data by the Census Bureau at 08:30 EST (14:30 CET). However, due to the shutdown, the data won't be released and has been rescheduled until… Read More

The Federal Open Market Committee is the entity at the Federal Reserve that makes monetary policy decisions, and so the opinion of its twelve members is important to consider when trying to figure out what the Fed might do in the future.… Read More

The week is set to close off with major events on the economic calendar, giving us some potential for volatility in USD-denominated pairs. At 8:30 EST (or 14:30 CET) we have the release of US inflation data, which everyone is interested in… Read More

As most people know, an inversion in the yield curve is seen as highly predictive of a recession in the US. This makes the financial media eager to be the first to declare that an inversion has happened, and with major US stocks taking a… Read More