Prior quarter -0.5% GDP 3.0% versus 2.4% estimate. GDP sales 6.3% much stronger than the 2.5% estimate. Last quarter -3.1% GDP consumer spending 1.4% versus 0.5% last quarter Core PCE 2.5% versus 2.3%. PCE prices 2.1% versus 2.9% estimate PCE Ex food, energy, and housing 2.2% versus 3.5% last quarter PCE services excluding energy and … Read more
For some context and a more graphic depiction of the story: Japan Meteorological Agency issues tsunami warnings after Kamchatka earthquake This article was written by Justin Low at investinglive.com. fbs.mobi
Fundamental Overview The USD regained some ground in the final part of last week and extended the gains this week, although we haven’t got any meaningful catalyst for the move. Overall, we continue to range as the market is waiting for something new for the next sustained trend. Given that the “short US dollar” is … Read more
Prior -15.3 Economic sentiment 95.8 vs 94.5 expected Prior 94.0; revised to 94.2 Industrial sentiment -10.4 vs -11.0 expected Prior -12.0; revised to -11.8 Services sentiment 4.1 vs 3.3 expected Prior 2.9; revised to 3.1 Euro area economic confidence rebounds to the highest since February as the services sector continues to carry the optimism heading … Read more
Welcomes US business to invest in China Both sides exchanged views on US-China economic, trade relations Also exchanged views on US’ companies development in China ‘Decoupling’ will not work, hopes US can meet China halfway Dialogue and consultation on equal footing are key to resolving differences This article was written by Justin Low at investinglive.com. … Read more
Eurostoxx -0.1% Germany DAX -0.1% France CAC 40 +0.1% UK FTSE -0.4% Spain IBEX -0.4% Italy FTSE MIB -0.2% This comes as US futures are also largely flattish now after the more tepid showing yesterday. There’s going to be plenty to sort out in the next two days, so that will make it tricky to … Read more
In the European session, we have quite a few economic releases coming up including the Spanish Preliminary CPI, the German Flash Q2 GDP, the Italian Advance Q2 GDP and the Eurozone Flash Q2 GDP. None of them is likely to change anything for the ECB at this point as they continue to wait for more … Read more
There are a couple to take note of on the day, as highlighted in bold below. The first ones are for EUR/USD at the 1.1525 to 1.1550 levels. That might help to lock price action for a bit in the session ahead, at least before we get to US trading. That after the pair has … Read more
The earthquake is one that is reverberating through the region with Japan having already issued a tsunami advisory for the Pacific coastline, saying waves could reach heights up to 3.3 feet. The impact of the situation is quickly gathering pace, with commercial flights at Hilo International Airport in Hawaii also being suspended now to support … Read more
Hawaii has declared a State of Emergency. This is ahead of incoming potential tsunami waves. Expected within hours. Earlier: Massive earthquake – magnitude 8.7, Russia east coast Honolulu Emergency Management orders evacuation of coastal areas Tohoku Elec. Says no tsunami impact to Onagawa nuclear plant Tsunami warnings have been issued across much of Japan’s eastern … Read more
