Archive for October 26th, 2018

Foreign Exchange Insights and Next Week

Next Week

October 26, 2018

Central Banks: Monetary policy reviews in Japan, the U.K., Brazil, China, and the Czech Republic. BOJ publishes quarterly Outlook for Economic Growth and Prices. BOJ Governor Kuroda, Bank of England Governor Carney, Chicago Fed President Evans, and Reserve Bank of Australia Assistant Governor Bullock speak publicly. Holidays, Clock Change, and a 40th Anniversary: Parts of […] More

Deeper Analysis

U.S. GDP Report Deconstructed

October 26, 2018

Good News: Real GDP expanded by a somewhat greater-than-expected 3.5% between 2Q and 3Q, expressed at an annualized rate (SAAR). The two-quarter pace of 3.8% was the fastest since the middle two quarters of 2014, when a 5.0% pace was achieved. On-year growth of 3.0% was the most in 13 quarters and just 0.8 percentage […] More

New Overnight Developments Abroad - Daily Update

Fresh Wave of Risk Aversion

October 26, 2018

Investors will get their first peak at U.S. third-quarter GDP in less than an hour. Growth likely decelerated from the 4.2% pace in the second quarter but still probably managed to be at 3.0% or a bit above. But markets are reacting most keenly to the Federal Reserve officials’ disregard of President Trump’s criticism of […] More