US 10-year yields are up a whopping 13.3 basis points today and approaching the key 4.35% level. The chart looks like a rough head-and-shoulders pattern […]
Atlanta Fed Q1 GDP now +2.8% vs +2.3% priorAtlanta Fed Q1 GDP now +2.8% vs +2.3% prior
2.8% vs 2.3% in the March 29 release The Atlanta Fed said: After this morning’s releases from the US Census Bureau and the Institute for […]
Bank of Canada Q1 business outlook survey: Conditions improved slightlyBank of Canada Q1 business outlook survey: Conditions improved slightly
Uptick reported widely across nearly all sectors and regionsFuture sales improves to +4 from +10Overall indicator to -2.42 from -3.0927% of firms expect recession in […]
The USDJPY runs higher as the market gets a shove from dataThe USDJPY runs higher as the market gets a shove from data
The USDJPY is getting a shot higher after stronger-than-expected US PMI data. The price is running away from it converged 100 and 200 hour moving […]
US dollar climbs to the highs of the day. Four things driving the bidUS dollar climbs to the highs of the day. Four things driving the bid
The US dollar is strong to start the week and to understand why, I think we have to go back to Friday. 1) ISM manufacturing […]
The GBPUSD makes a break for it. Runs lower and outside value area for the pair.The GBPUSD makes a break for it. Runs lower and outside value area for the pair.
The GBPUSD fell sharply after the ISM data, and in the process, extended outside of the “value area” that has confined the pair between 1.2594 […]
US stocks opens mixed to start the trading weekUS stocks opens mixed to start the trading week
The major US stock indices are opening mixed Dow Industrial Average is down -27 points or -0.08% at 39778S&P index up 4.38 points or 0.08% […]
Canadian S&P global manufacturing PMI 49.8 versus 49.7 last monthCanadian S&P global manufacturing PMI 49.8 versus 49.7 last month
Prior month 49.7February Canada S&P global PMI 49.8. Index is just below the 50 level Commenting on the latest survey results, Paul Smith, Economics Director […]
US S&P global manufacturing PMI for February 51.9 versus 52.5 flashUS S&P global manufacturing PMI for February 51.9 versus 52.5 flash
Flash estimate 52.5Prior month (Feb) was at 52.2S&P global manufacturing PMI for February 51.9 Some highlights from the report: The S&P Global US Manufacturing PMI […]
OPEC output fell 50k bpd in MarchOPEC output fell 50k bpd in March
Production at 26.42 million barrels per day The largest cuts came from Iraq and Nigeria. Iraq had been producing above quota and agreed to cut […]