From various USA sources on Friday, we receive the latest: CPI data, advanced retail sales and the university of Michigan confidence survey. A trinity of highly valuable, yet distinctly different metrics that will shine a light into the various crevices of: growth, confidence and the performance, of various aspects of the USA economy. And with […]
The minutes from the FOMC meeting, which concluded on September 20th, were released on Wednesday evening and despite the overwhelming consensus appearing to be in support of a another interest rate rise before the year ends, several FOMC members indicated caution; suggesting that they’d be monitoring inflation (staying near its 2% target) and other critical
After beating the forecasts on industrial production on Monday, coming in at 2.6% growth MoM for August versus the expectations of 0.9%, Germany continued its robust growth figures; export and import figures also smashed through the forecasts when the data was published on Tuesday. Exports rose by 3.1% MoM for August and imports rose by
The U.K. pound enjoyed a boost on Monday as the official statistics agency for the U.K. the ONS, announced that they’d made an error in their calculations, over their recent wage inflation data. Wage inflation in the country is apparently running at 2.6% annualized, as opposed to the 1.6% figure published last week. This news
Despite the NFP data delivering the first negative reading for seven years on Friday, at -33k, Wall Street and global investors failed to sell off the U.S. dollar, accepting that the jobs growth figure and result was an outlier, entirely due to hurricane season hitting the USA economy hard and preventing the creation of jobs
This coming week has a wide variety of calendar news to keep us occupied and on alert. The highlights and the highest impact events, will include the FOMC minutes, concerning the discussions held during their September meeting, the minutes will be published on Wednesday. There’s a raft of monetary data on the U.K. published on
Encouraging hard economic calendar data emanating from the USA on Thursday, which also beat the consensus forecasts, helped to propel certain U.S. equity indices to record heights. Initial jobless claims came in at 260k for the week ending September 30th, with continuous claims also reducing, the trade balance deficit for August came in improved on
As always, there’s plenty of reference to the upcoming NFP numbers in the financial mainstream press this week. But most analysts appear to be missing the elephant in the room; the incredibly low forecast of 80k to 90k, depending on whether Reuters, or Bloomberg economists are quoted. The good news is that this figure has
Will the NFP numbers released this Friday shock investors? Read More »
Two of the leading Markit PMIs for the U.K.; manufacturing and construction, came in significantly below expectations earlier in the week, therefore on Wednesday analysts and GBP investors, were looking for a rise in both the services and composite readings, to restore some faith that the recently proposed base rate rise, which the BoE governor
It’s fascinating to note how well sterling is actually holding up versus its main peers over recent weeks, despite the U.K. government’s Brexit plan beginning to fall apart at the seams. Once again, during the Conservatives annual conference in Manchester, the minister in charge of the negotiations issued the now infamous; “no deal is better
