Archive for December 23rd, 2014

Foreign Exchange Insights and Next Week

In the Year 2015

December 23, 2014

2014 has been a broadly based year of strength for the U.S. dollar, and that can only be said for a minority of time during the past four decades.  Compared to its lows this year of 1.0601/AUD, JPY 101.39, 1.3993/EUR, CHF 0.8696, 0.8677/NZD, 1.7791/GBP, and CAD 1.0583, the U.S. currency is currently up by 30.9% […] More

Deeper Analysis

GDP and Other U.S. Economic Indicators Reported Today

December 23, 2014

The initial preliminary estimate of third-quarter GDP put quarterly growth at a seasonally adjusted annualized rate of 3.5%.  That calculation got revised upward to 4.6% a month ago and an 11-year high of 5.0% today.  Between the first estimate and today’s second revision, growth in real personal consumption got revised from 1.8% to 3.2%, and […] More

New Overnight Developments Abroad - Daily Update

Awaiting Several U.S. Data Releases Today Before the Xmas Break

December 23, 2014

The U.S. data release calendar today encompasses the final estimate of 3Q GDP plus monthly personal income and spending, durable goods orders, new home prices, the FHFA house price index, the Richmond Fed manufacturing index, and the Reuters/U. Michigan consumer sentiment index.  Weekly chain store sales also get reported. In the meantime, the release of […] More