Durable goods orders printed well above median forecast suggesting a solid recovery in June after two months of contraction. The headline gauge increased 6.5%m/m versus 3.9% expected and an upwardly revised figure of -0.1% in May...
The automotive transmission system is the final stage of the engine, till the engine hits the wheel. The whole system is responsible for making engine and wheel work together...
FX Strategists at Scotiabank remain neutral/bearish on the pair in the near term horizon. Key Quotes “Hawkish ECB comments coincided with the FOMC policy statement yesterday, possibly amplifying the reaction in EURUSD...
The news did not make massive headlines. The VIX, the US volatility index which is also known as the “Fear Index”, just collapsed to an all-time low below 10. We recall that the 20-year average is above 20 for the index...
The Federal Reserve will announce its decision on monetary policy at 18:00 GMT. There won’t be a press conference. The minutes of the meeting will be released in three weeks (August 16) and the next meeting will be September 20 (will include new projections and press conference...
The divergence between surveys and hard data in the US continued yesterday. The Conference board’s index of consumer confidence increase to 121.1 in July assent expectations for marginal decline...
The headline inflation measure fell unexpectedly in the second quarter, printing at 1.9%y/y versus 2.2% expected and down from 2.1% in the previous quarter...
Judging from the bullish rush in the Euro the global reflation trade is back on. Investors are piling into risky asset to capture real returns, driving inflows into equities (relative growth over value) and EM...
Over the last four weeks the Brazilian real rallied more than 7% against the greenback amid easing political uncertainties. USD/BRL fell from 3.3485 to 3.1111 before stabilising at around 3.1450...
The shared currency kept the negative tone through early NA session on Monday, with the EUR/USD pair retreating from fresh 2-year tops near 1.1685 level. Currently hovering around mid-1...
The US real estate market keeps on growing very significantly. One key indicator of the US economy, existing homes sales keep increasing and are now at 2007 level. Today will be released June data and should remain around May levels at all time high...
The Japanese has been rally strongly over the last two weeks as investors continued to discount the Fed’s hawkish stance. USD/JPY broke the 111 support (psychological level and Fibonacci 61.8% on June-July rally) to the downside...
The annual Sino-US Comprehensive Economic Dialogue session in Washington kicked off this week, but ended abruptly on the same day, with cancellation of the traditional press conference, no joint statement and no new announcement of a bilateral trade deal...
It’s monetary policy time! After the ECB’s meeting on 20 July, next week will see the FOMC convening on Tuesday/Wednesday – a meeting without a scheduled press conference, which reduces the chance for a significant policy change...
After refreshing its highest level since late August of 2015 at 1.1677 during the early trading hours of the European session, the EUR/USD pair went into a consolidation phase and retraced majority of its daily gains. At the moment, the pair is trading at 1.1637, up only 6 pips on the day...
As was widely expected the Bank of Indonesia held its key 7day repo rate at 4.75%. Yet the overall effect and tone was slightly dovish. The decision was based on the central banks effort to keep a balanced approach between supporting recovering economic growth and maintaining financial vigilance...
Unsurprisingly the European central bank has held its rates steady yesterday at 0% for 17th consecutive month. The ECB meeting took place against a backdrop of strengthening of the single currency. The EURUSD pair has reached 1.16 for the first time in two years...
he BoJ monetary policy meeting today when as we had expected. The BoJ held policy mixed unchanged while downgrading inflation and upgrading growth forecasts. The softer inflation forecast should take away some of the bullish moment in the JPY...
The EUR/USD pair maintained it’s offered tone through early NA session but has still managed to hold its neck above the key 1.15 psychological mark despite upbeat US housing market data...
