Australian GDP

A Focus on Central Banks

September 7, 2016

Money markets are discounting only a one in four likelihood that the fed funds rate gets hiked on September 21 despite hawkish remarks overnight from San Francisco Fed President John Williams, who voiced confidence in current U.S. economic conditions and opined that moving sooner is better than doing so later. The Fed’s Beige Book of […] More

PMI Report Card and Other News

June 1, 2016

Today is the first day of June, a month that sees the ECB Governing Council meet tomorrow and both the FOMC and BOJ Board hold policy meetings at mid-month.  Markets only discount a one in four chance of Fed tightening this month but more than even odds for an interest rate increase by the July […] More

A Lull in the Action

September 2, 2015

Market changes were comparatively muted overnight.  The flow of data releases was light, but now investors await several important indicators from the United States:  quarterly productivity and unit labor costs, the Fed’s Beige Book, and monthly factory orders and NAPM index of New York area manufacturing conditions. The dollar rebounded 0.6% against the yen, 0.5% […] More

More PMI Results, a Draghi Press Conference, Australian GDP, and Fed Beige Book

June 3, 2015

It’s been a busy Wednesday.  Overnight many service sector purchasing manager surveys were released, some beating expectations but others falling short.  ECB President Draghi is currently doing the Q&A portion of his press conference following an announced decision not to change interest rates and the release of updated macroeconomic forecasts.  Juxtaposed with the press conference […] More

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