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
