On Monday most banks and financial institutions will be closed in the US due to Martin Luther King’s day so liquidity in the markets will be thinner than usual, causing higher spreads and more volatile movements. USD FED’s George, who is the most haw...

USD December non-manufacturing PMI came in at 57.6 vs 59.0 as expected with prior reading being 60.7. Reading is a five-month low and the only bright point is that new orders ticked up higher. FED members Bostic and Evans (Evans is a voting member in...

USD The final Manufacturing PMI for the month of December came in at 53.8 vs 53.9 as expected. This is the lowest reading since September of 2017. Employment category fell to 52.7 vs 55.3 the previous month which is the lowest reading since June of...

Please note that due to the New Year holidays, liquidity in the markets will be thin which can potentially lead to increased volatility and higher spreads, be sure to plan your trading accordingly. USD This week we will have the final PMI numbers for...

Please note that due to Christmas holidays liquidity in the markets will be thin which can potentially lead to increased volatility in the markets. USD Housing starts came in at 1256k vs 1228k as expected and building permits data came in at 1328k vs...

USD CPI data for the month of November came in at 2.2% y/y as expected. Monthly figure came in unchanged as expected. The budget deficit for the month of November came in at $204.9bn vs $100.5bn the previous month. Retail Sales came in at 0.2% m/m vs...

USD The November Manufacturing PMI came in at 55.3 vs 55.4 as expected but ISM Manufacturing PMI came in at 59.3 vs 57.5 as expected for a huge beat. Within ISM PMI employment came in at 58.4 vs 56.8 as expected, new orders came in at 62.1 vs 57.4 the...

USD FED’s Clarida came out on Tuesday with a hawkish statement reiterating that gradual rate hikes are appropriate as data shows the way to neutral stance. He added that it is important to see capital expenditures rebound after soft numbers in Q3. H...

USD Previous Friday FED members Clarida, Harker and Kaplan emphasized the slowdown in global growth and stated that there is no rush for FED to raise rates. December’s hike is not affected by their statements but odds for three rate hikes in 2019 a...

USD CPI data for the month of October came in at 2.5% y/y as expected with the prior reading showing 2.3% y/y.  CPI ex-food and energy came in a bit weaker at 2.1% y/y vs 2.2% y/y as expected. On the monthly level, CPI came in at 0.3% m/m as expected...