USD Consumer confidence for the month of May came in at 134.1 vs 130 as expected.  This is the best reading of the year and it shows that US consumers are not phased with the trade war. Present situation and expectations both came out better than...

USD Existing home sales for the month of April came in at 5.19m vs 5.35 as expected. The number came in weaker but it is still in the middle of this year’s range. New home sales also came in line expectations at 673k vs 675k as expected. Durable goods f...

USD President Trump has been touting China over Twitter to accept a deal and not to retaliate since things will only get worse. China has announced that it will impose import tariffs on $60bn worth of US goods starting from June 1 and they will range...

USD President Trump announced over the weekend that tariffs on $200bn China goods will go up from 10% to 25% on Friday which made gaps on market opening. He added that further $325bn worth of goods will be tariffed “shortly”. China’s Minister of Co...

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...