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Archives by Year:
US Inflation Slowdown Has Much More To Go
US consumer price inflation slowed more than expected in October. Higher borrowing costs will increasingly weigh on activity and corporate pricing power while slowing housing rents will be the main driver of disinflation over the next two quarters. With 2% inflation looking possible by next summer the pricing of rate cuts will intensify Inflation pressures are […]
SPY Breakout On CPI
S&P 500 continued on a bullish note, no matter how much tech was dragging its feet. Downswing rejection, that‘s what characterized yesterday‘s session, and left quite a few cyclicals and HYG bullish clues while Nasdaq is primed for an agreeably low CPI figure.Yesterday was a great day for extending intraday gains be it first in ES […]
Here’s Why The US Dollar Index And The VIX Slipped After CPI Data
The US dollar index (DXY) retreated to the lowest level since November 9 after the latest US Consumer Price Index (CPI) data. It retreated to a low of $104.93, much lower than last week’s high of $106 and last month’s high of $107.35. Freepik The DXY retreat also coincided with the deep dive of the VIX index, which tumbled […]
US Government Kicks Off Fiscal 2024 With Another Big Big Budget Deficit
After running the third-largest budget deficit in US history in fiscal 2023, the Biden administration kicked off fiscal 2024 with another big budget shortfall.The US government ran a $66.56 billion deficit in October, according to the Monthly Treasury Statement. This was slightly lower than last year’s October shortfall of $88 billion due to record federal receipts as Americans […]
CPI Remained Unchanged In October As Energy Costs Cooled
Key Highlights Overall CPI: The Consumer Price Index (CPI-U) was unchanged in October, marking a significant slowdown from the 0.4% increase in September. Core Inflation: The index for all items less food and energy rose by 0.2% in October, down from 0.3% in September, representing the smallest 12-month change since September 2021, contrary to expectations […]
Forex Today: US Inflation Expected To Fall To 3.3%
Freepik Markets are awaiting the release of very crucial US CPI (inflation) data later today. The data are widely expected to show a monthly increase of only 0.1%, which will bring the annualized rate firmly lower to only 3.3% if reached. The US Dollar is strong, so a higher-than-expected inflation print today would probably produce […]
The Netherlands’ Economy Is Still Stuck In Recession
A technical recession in the Netherlands has dragged into the third quarter. GDP growth shrank by 0.2% QoQ, in line with forecasts. A reduction in inventories and investment is the contraction’s main driver; exports weren’t great either.Freepik The contraction in the third quarter means the recession still hasn’t officially ended for the Netherlands. GDP was -0.6% lower […]
AUD/USD Price Analysis: Aussie Slides After Mixed Data
A bearish sentiment took hold in the AUD/USD price analysis as the Australian economic data release could not impress the buyers. Australian business conditions stayed stable in October. Meanwhile, consumer confidence declined following last week’s rate hike by the Reserve Bank of Australia.The National Australia Bank (NAB) survey indicated a 1-point business condition index increase […]
Earnings Review: Home Depot Reports Decrease In Sales, Narrows Outlook
Key Highlights Sales Performance: The Home Depot (HD) reported sales of $37.7 billion in Q3 2023, a decrease of 3% compared to the same quarter in the previous year. Comparable Sales: A 3.1% decrease in comparable sales overall, with a 3.5% decrease in the U.S. Net Earnings: Net earnings for Q3 2023 were $3.8 billion, […]
Japanese Policymakers Are Ready To Intervene To Support The Yen. In The Us, Inflationary Pressures Are Expected To Ease
At Monday’s stock market close, the Dow Jones Index (US30) was up by 0.16%, while the S&P 500 Index (US500) decreased by 0.08%. The Nasdaq Technology Index (US100) lost 0.22%. The broad market recovered from early losses on Monday after bond yields reversed to the downside, prompting coverage of short positions in equities. In addition, optimism that Tuesday’s US consumer price report […]
