ForexBriefcase

ForexBriefcase

Retail sales decline 1.2% in Dec. The advance estimate of durable goods data for Dec revealed a rise in capital goods shipments. Housing starts drop 11.2% in December in overall starts marked. The third decline in the past four months. Consumer confidences reversed and rose to 131.4. Consumers reported that current conditions were good. US GDP outturn was strong...

ForexBriefcase

NAHB Housing Market Index rose two consecutive months after plunge over final months of 2018. “Ongoing reduction in mortgage rates in recent weeks coupled with continued strength in the job market are helping to fuel builder sentiment,” said NAHB Chairman Randy Noel. The NAHB index gauges builders’ perception of present sales and future activity over the next six...

ForexBriefcase

NFIB Small Business Index dropped in January 3.2 points to 101.2, lowest since 2016. But remains high compared to historical averages. The drop was likely due to uncertainty arising from the government shutdown. NFIB uncertainty index rose 7 points to 86. Labour shortages remain a challenge. Expectation for future improvements in economic growth and higher sales...

ForexBriefcase

Factory Orders m/m declined 0.6% despite consensus expectation for modest increase. ISM Non-Manufacturing PMI dropped to 56.7, economy is growing at a slower pace. Trade Balance deficit narrowed in November on falling imports on petroleum products, which fell $2.9 billion on weaker volumes and lower oil prices. President Trump indicated that there will be no...

ForexBriefcase

Past week, President Trump reopen the government for 3 weeks till 15th February after being shutdown for 35 days. Consumer confidence decline to 120.2 in January and previous data revised downwards from 128.1 to 126.6. No plans to raise interest rates anytime soon from FOMC. - “The decision to keep rates on hold had been widely expected by the market because most...

ForexBriefcase

Past week, existing home sales in US fell 6.4%. CB Leading Index dropped 0.1%. Next week, the Fed will hold it’s 2-day meeting and statement will be released on Thursday. Friday NFP are forecasting a drop from 312k to 165k. DXY last week seems been picking up after it broke off 96.00 levels. It continues up to about 96.70 levels before having a strong bear down...

ForexBriefcase

Producer Price Index fell 0.2% in December, NAHB Housing Market Index climb 2 points in January and Industrial Production expanded 0.3 in December. The ongoing partial government shutdown delayed the December reports for housing stats and retail sales last week. DXY last week broke 95.70 levels and head towards 96.30. It seems having some resistance levels where...

ForexBriefcase

Past week, US ISM Non-Manufacturing index dropped in December. US jobs openings and NFIB Index dropped. Consumer Price Index dropped 0.1% but core price inflation remained firm and consistent with the Federal Reserve’s inflation target. DXY last week has broken H4 support at 95.70 levels and rebound turning that levels from support to resistance. Overall...

ForexBriefcase

Thursday’s ISM Manufacturing PMI and prices both decrease beyond expectations. Non-Farm Employment Change jumped by 312,000, Average Hourly Earnings rose 0.4% and Unemployment Rate slightly increased to 3.9% in December. Previous months' Non- Farm numbers were revised higher by 58,000. Overall, the labour market remains strong. Next week outlook: Trade talk...

ForexBriefcase

Low volume is likely to continue in the US Dollar Index until coming Wednesday, the day after New year. Friday Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate data might bring some volatility in the market. The US Dollar Index chart did not change last week ranging between 12300 & 12260 levels. The long-term constructive for bull, till...

ForexBriefcase

There is no surprise that Federal Reserve rate hike, US Dollar Index rallied after. Investor were looking for Fed Chair Powell dovish tone but his comments came out optimistic. The dollar rose despite the fact that 10-year Treasury yields dropped. Small adjustment in the statement on lowered growth and inflation forecast, these changes were not significant to push...

ForexBriefcase Updated 

Past week, Producer Price Indexes came out better than expected, U.S. consumer prices unchanged and U.S. Retail Sales previous data are revised upwards. Leading to a stronger US Dollars. Upcoming FOMC Economic Projections, Statement, interest rates and Press Conference 30 mins after data release. The Federal Reserve, is highly likely to hike interest rates for...

ForexBriefcase Updated 

Past week, 10 year Treasury rates dropped below 2.9% which will concerns about inflation and growth. No agreements will be made in the next 90 days for the next round of tariffs. Unemployment Claims increased, ADP reported smaller than expected rise in employment and Challenger Job Cuts y/y job cuts rose 51.5% in November. Trade balance also widened but factory...

ForexBriefcase Updated 

The US Dollar fell after Fed chair Jerome Powell surprised the market by saying that interest rates are “just below” neutral levels. He believes economy will continue growth with low unemployment and inflation around 2%, but he thinks moving too quickly could risk shortening the US expansion. Personal income and spending grew more than expected but jobless claims...

ForexBriefcase

What's on for 27th November 2018 US Black Friday sales increased from last year. President Trump may continue to push China's tariff increase. The German IFO business report was lower than expected. The central bank is currently expected to end bond purchases in December. What can we expect? US retail sales have recovered strongly. The results of the G20...

ForexBriefcase

For the past week, Durable Goods Orders dropped -4.4%, jobless claims increased and University of Michigan Consumer Sentiment Index was revised lower. While Building Permits & Housing Starts came out as expected, it becomes clear that the momentum in the U.S. economy is easing. With stocks nearly coming back down of this all of this year’s rise, investors and...

ForexBriefcase

What's on for 22nd November 2018 The US Dollar strengthened by a flight of safety which reversed the upward move of EURUSD towards 1.1500 although the dollar bulls seem to have slowed down for thanksgiving day. Rebound in Italian bonds and European equities has given some lift to the EURO today, however the uncertainty over the Italian debt situation and Brexit...

ForexBriefcase

A possible reversal could be in play as we have seen EURUSD bounce off its lows at 1.1210. It has since broken resistance at 1.1400 level and heading towards 1.1500. The US Dollar is also experiencing broad based weakness, due to the ongoing trade wars and dovish comments from the Fed, giving some lift to this pair, building on from the rebound. However, we...