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Worse than expected US Manufacturing Production and Industrial Production top off a rough data week
Fed Chairman Powell said he does not see a spillover from the high inflation into the broader economy. Therefore, the Fed excepts to continue hiking rates.
Housing data and Philly Fed results don't inspire much hope for US economy
Jerome Powell said at yesterday’s FOMC press conference that he doesn’t see signs of a broader slowdown in the economy. Will his view change?
Fed Manufacturing Indexes not supporting a strong recovery
Will this data continue to fall? It may depend on whether crude oil remains at elevated levels.
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When cracks appear in the rendering, the house doesn’t always win
The housing market has been a bedrock of the US economy during a period of historically low rates. Now those days are over, large cracks are appearing in the rendering.
Home buyers were out in full force in September; DXY, EUR/USD
New Home Sales for September MoM were up 14%!
Horrible German data and talk of a new European bond buying program; EUR/USD
If Eurozone data continues to come out weak, the ECB may be forced to compensate for the expiration of the Pandemic Emergency Purchase Program in March 2022 with a new QE program
Is it time for UK data to push GBP/USD above 1.30?
It’s a big week for UK economic data, with inflation on Tuesday, jobs data on Wednesday and retail sales on Thursday. Expectations are rising for a big jump in CPI, a pick up in wage growth and a bounce back in retail sales last month. The question for traders is can this push GBP/USD above 1.30, which has proved a tough ceiling to crack.
UK Inflation comment
The UK September inflation figures were slightly stronger than expected, with the annual headline rate rising to its highest level since November 2014. The core […]
Was the dollar slip-up a one off?
The start of the week was marked by a weaker dollar and a decline in Treasury yields. Even the battered pound has managed to shrug […]
UK CPI preview: is the inflation genie out of the bottle?
UK inflation data for September is scheduled for release on Tuesday at 0930 BST. The market is expecting prices to rise by an annual 0.9% […]
The top three things traders should look out for:
It’s hump day for the markets, and there have been some key developments that could impact market direction for the next few days. Stocks: Tesco: […]