USD Core component of FED’s preferred inflation measure, PCE, for the month of March came in at 1.6% y/y vs 1.7% y/y as expected. Following the reading shown in the last week’s GDP inflation surprised to the downside. Personal income came in at 0.1...

Japan will be on a 10-day holiday which will lower liquidity in Asian session, thereby increasing chances of sudden volatile market movements, in addition most European markets will be closed on Wednesday due to Labour Day. USD Existing Home Sales dropped...

Please note that Monday 22 is Easter Monday, due to the holiday liquidity will be thin and volatile moves are possible. USD Industrial production for the month of March came in at -0.1% m/m vs 0.2% m/m as expected. The miss that will not have great...

Please note that Friday 19 is Good Friday, due to the holiday liquidity will be thin and volatile moves are possible. USD IMF cut global growth for 2019 to 3.3% from 3.5% for the weakest expected growth in a decade. They left the 2020 projection at...

USD February retail sales came in at -0.2% m/m vs 0.3% m/m as expected. Ex autos category came in at -0.4% m/m vs 0.3% m/m as expected.  ISM manufacturing PMI for the month of March came in at 55.3 vs 54.5 as expected. Beating on the reading and...

USD The US yield curve is inverted and according to the past evidence it points to a recession. The 10-year yield was lower than the 3m yield. After yield curve inverts it can take substantial time, usually more than 11 months, for the recession to...

USD FED has left the interest rate unchanged as expected. Labour market has remained strong and on average job gains have been solid. They will begin to slow balance sheet runoff in May and will end it in September if the economy evolves as expected....

USD Advanced retail sales form the month of January came in 0.2% m/m vs 0% as expected. Ex auto category came in at 0.9% m/m vs 0.3% m/m as expected and control group, which has influence on inflation, came in at 1.1% m/m vs 0.6% m/m as expected. Encouraging...

USD ISM Non-Manufacturing index came in at 59.7 vs 57.4 as expected with prior reading showing 56.7.  This is a strong result for the service sector lead by highest jump in new orders since 2005. Trade balance for the month of December came in...

USD Over the weekend President Trump has opted to postpone a tariff hike on Chinese imports stating that positive progress has been made in on-going negotiations. Housing starts for December came in at 1078k vs 1256k as expected with a drop of -11.2...