While much of the markets were geared towards a dovish BoE minutes from the August rate decision seeking a signal for near-term rate cuts by the bank, the actual minutes were more mixed, giving no clear support to sterling-bears. With a 7-1-1 decisi
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After touching 1.4800 in early Asian trade EURUSD gave up nearly all of it's gains tumbling back to 1.4700 as the dollar rallied across the board helped in part by surging stock index futures and lower gold prices. On a night when economic releases
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The core number, excluding sales by new car dealers and by used and recreational motor vehicle and parts dealers, rose by 1.4% in June, the third increase of 1.0% or more since the beginning of the year. The increase in headline sales was largely du
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The Bank of England's minutes from the last round of interest rate decision, scheduled for release today at 8:30 GMT, will be keenly observed for hints of future policy decisions. The speculation is currently pointing towards a language of easing in
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Yesterday sentiment in the financial markets was somewhat downbeat and market participants didn't seem to take too much comfort in the fact that the German ZEW index for August came in above consensus estimates. Although higher than expected the ind
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USD remained in favour in the London/NY overlap, with US July PPI even higher than expected. But US equity losses extended, ultimately pulling USD lower, about -0.7% from the NY morning highs. Financials came under renewed pressure, due to ex-IMF ch
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The Euro (Eur/Usd) strengthened 100 pips yesterday; it seems the market found a temporary bottom for all the recent dollar strength. Yesterday, early in the session the euro looked like it wanted to break under the first support level, but by the en
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Just when the US housing market was showing some signs of recovery, the fundamentals headed back south. Housing starts quickly fell after seeing some gains in June. The annual pace of new housing construction fell to 965,000, the lowest level since
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The U.S. released its PPI for the month of July coming in twice the expectations at 1.2% while the prior reading was 1.8% further supporting that the Feds just may hike rates in order to battle inflation. As for housing starts it plunged marking a 1
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Producer prices were up 1.2% in July, double the 0.6% expected in financial markets, but down from the 1.8% rise recorded in June. Energy prices did contribute to some of the upward pressure, rising 3.1% in the month. The bigger surprise was the 0.7
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In July, U.S. housing starts fell 11% to 965K, which was more or less in line with market expectations. Building permits posted a much larger 17.7% drop to 937K in July. This sharp drop was largely the result of some give back from the massive expan
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Today is a big day for the U.S. economy as we are awaiting the release of data regarding the housing sector since this was the reason behind the downfall of the nation it remains important. As investors are well aware of the fundamental data coming
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