Category Finance

The ECB’s Schnabel published a series of slides on the ECB website. She highlights sticky services inflation. Services inflation remains sticky, keeping headline inflation elevatedPrice pressures in services sector are broad-based and globalMedium-term inflation projections often clustered around 2% target, but risks remainWage growth expected to slow, but…

Prior was 3.95m (revised to 3.96m)Sales -2.5% vs +1.3% prior Sales -4.2% vs -2.5% y/y priorInventory 4.2 vs 4.0 months priorMedian prices $416,700 vs $422,600 priorPrices +3.1% vs +4.2% y/y prior These are closings for contracts signed in June and July. This is a two-tier market with high-end…

This is obviously some kind of act of war but the attacks have likely been so effective that the war is over before it even began. This article was written by Adam Button at www.forexlive.com.

The USDCAD price action is experiencing high volatility in today’s trading, following yesterday’s bounce between support and resistance levels. Initially, the price moved upward, breaking above the 38.2% retracement level of the decline from the August high, which stood at 1.3633. However, after reaching a peak of 1.3647…

The S&P 500 has extended gains to 103 points, or 1.8%. The Nasdaq is up 2.8%. The weekly chart of the S&P 500 is looking awfully good if it can get through Friday at these levels. The FX market isn’t quite as enthusiastic but that’s because the bond…

The volatility in the EURUSD continues as the price has rotated back down after a spike lower in the Asian session, and a spike higher in the European session. The price is currently testing its 100-hour moving average of 1.1117. This represents a target on the downside that…

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Prior week initial jobless claims 230K revised to 231K Prior week continuing claims 1.850M revised to 1.843M Initial jobless claims comes in strong and expected at 219K versus 230K estimate. Smallest sincethird week in May when it was at 216KThe 4-week moving average was 227,5K a decrease of…

Prior was -7.0New orders: -1.5 vs 14.6 priorShipments: -14.3 vs 8.5 priorUnfilled orders: -6.7 vs 3.2 priorDelivery times: -0.7 vs 14.1 priorInventories: 5.0 vs -4.8 priorPrices paid: 34.0 vs 24.0 priorPrices received: 24.6 vs 13.7 priorEmployment: 10.7 vs -5.7 priorAverage workweek: -13.6 vs -2.3 prior The employment metric…

Prior was -237.6B (revised to -241.0B) This will be a drag on growth but it’s inevitable in an outperforming economy. This article was written by Adam Button at www.forexlive.com.