US Consumer Spending Increases in May
Friday June 27, 2008
Personal income in the US increased by 1.9 percent! A surprise overshoot from expectations of only a 0.4 percent rise. Consumer spending also increased by 0.8 percent, rising slightly above expectations ... Read More
US GDP for the First Quarter
Thursday June 26, 2008
The final GDP number for the first quarter in the US was revised higher to 1 percent growth as expected. Exports were revised up to 5.4 percent from 2.8 percent ... Read More
Fed Leaves Rates Unchanged
Wednesday June 25, 2008
The Federal Reserve left rates unchanged at 2.0 percent for the June meeting. The statement indicated that household spending was firming and economic activity was expanding. They noted that there still ... Read More
Canadian CPI Surprise
Thursday June 19, 2008
The Canadian dollar jumped on news that Canadian CPI had surged by 1.0 percent for the month of May. This brought the year over year total to 2.2 percent for headline ... Read More
UK Retail Surprise Lifts the Pound
Thursday June 19, 2008
UK retail sales came in much stronger than expected with a rise of 3.5 percent for the month of May. Retail sales in the UK are up 8.1 percent over the ... Read More
May PPI and Housing Starts
Tuesday June 17, 2008
The Producer Price Index for May 2008 came in a little higher than expected with an increase of 1.4 percent with the core number coming in as expected at an ... Read More
BOJ Leaves Rates Unchanged
Monday June 16, 2008
The Bank of Japan left rates unchanged during the monthly meeting for June. The vote was unanimimous to leave the rate at 0.5 percent.
The Yen(JPY) weakened across the board ... Read More
CPI Underpins the USD
Sunday June 15, 2008
The US Dollar remained supported this week with fairly strong US CPI numbers pointing to the prospects of fed rate hikes before the end of the year.
The CPI number ... Read More
Payrolls Slam the Dollar
Friday June 6, 2008
The US Dollar was slammed lower as the nonfarm payroll report showed a decline of 49,000 jobs for the month of May. The bigger upset being the rise in the ... Read More
ECB vs. The Fed
Thursday June 5, 2008
The ECB left rates unchanged for the month of June with comments that left the door open for a 25 basis point hike in July. This information trumphed all of ... Read More
Inflation Comments Support the Dollar
Thursday June 5, 2008
The dollar has become well supported with market sentiment turning increasingly dollar positive and Federal Reserve Chairman Ben Bernanke making hawkish comments about inflation concerns. Bernanke’s comments essentially signal the ... Read More