USD FED’s Williams stated that rates are already at neutral level. It is a sign that the FED will be in no rush to hike. Policymakers are increasingly pointing to risks abroad as a justification to wait. That means that even months of positive US e...

Please note that President’s day is on Monday Feb 18, financial institutions will not be working therefore liquidity in the markets will be lower which can lead to volatile movements. USD CPI for the month of January came in at 1.6% y/y vs 1.5% y/y a...

USD ISM Non-Manufacturing PMI came in at 56.7 vs 57.1 as expected. New export orders had a tumble from 59.5 to 50.5 showing that a slowdown abroad is taking place. This is the worst new export orders reading in two years. Although data came in worse...

USD The US Congressional Budget Office lowered its estimates of the US fiscal deficit for the 2019 fiscal year. They now see the deficit at $897 billion compared to the $981 billion deficit in the April estimate. That's 4.2% of GDP instead of 4.6%. The...

USD IMF cut the global growth forecast to 3.5% for 2019 which is the lowest in 3 years; they see growth in 2020 to be at 3.6%.  They maintain USD growth forecast at 2.5% for 2019 and 1.8% for 2020. Risk to global growth are tilted to the downside...

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...