Lack of reasons to sell further has disappointed the market European releases overnight: Q4 Forecast ActualSwiss Industrial Production (YoY) +8.2% +9.1% JanuaryItalian Trade Balance – Total EUR -3410mn -4219mnItalian Trade Balance – EU EUR 697.5mn 125.0mn FebruaryU.K. CPI (MoM) +0.8% +0.7%U.K. CPI (YoY) +2.5% +2.5%U.K. CPI Core (YoY) +1.4% +1.2%U.K. RPI (MoM) +0.8% +0.8%U.K. RPI [...]
| Tagged Morning Update |
The market takes advantage of some peace before the FOMC There have been no releases in Europe so far. The following economic releases are due today: Q4 Swiss Industrial Production (YoY) +8.2% JanuaryItalian Trade Balance – Total EUR -3410mnItalian Trade Balance – EU EUR 697.5mn FebruaryU.K. CPI (MoM) +0.8%U.K. CPI (YoY) +2.5%U.K. CPI Core (YoY) [...]
| Tagged Morning Update |
Dollar remains nervous in a range ahead of the FOMC meeting News from Australia: The RBA still watches the inflationary situation like a hawk (pun intended) but they appear to be prepared to take the foot of the gas having pushed rates higher twice this year. The board considers the tightening to have been substantial [...]
| Tagged Morning Update |
Relentless negative sentiment persists European releases overnight: Q4 Forecast ActualEuro-zone Employment (QoQ) +0.2%Euro-zone Employment (YoY) +1.7% JanuarySwiss Adjusted Retail Sales (YoY) +2.7% +1.3% States releases overnight: Q4 Forecast ActualU.S. Current Account Balance US$ -184.4bn -172.9bn FebruaryU.S. Industrial Production (MoM) – 0.1% – 0.5%U.S. Capacity Utilization 81.3% 80.9% MarchU.S. Empire Manufacturing – 6.30 – 22.2U.S. NAHB Housing [...]
| Tagged Morning Update |
Early Europe pulls the Dollar back higher to resistance levels There have been no releases from Europe. The following economic releases are due today: Q4Euro-zone Employment (QoQ) Euro-zone Employment (YoY) U.S. Current Account Balance US$ -184.4bn JanuarySwiss Adjusted Retail Sales (YoY) +2.7% FebruaryU.S. Industrial Production (MoM) – 0.1%U.S. Capacity Utilization 81.3% MarchU.S. Empire Manufacturing - 6.30U.S. NAHB Housing Market [...]
| Tagged Morning Update |
An uneasy calm follows this morning’s storm News from Japan: Japan – January Forecast ActualTertiary Industry Index (MoM) +0.7% +0.7%Leading Economic Index (F) 30.0% 36.4%Coincident Index (F) 22.2% 20.0% Japanese stats were pretty close to forecasts, the Tertiary Index seeing the first rise in 4 months and in line with forecasts. Much of the [...]
| Tagged Morning Update |
