Housing data from Canada – Prior was +3.2% y/y – m/m new housing price index -0.2% m/m vs +0.1% expected – Prior m/m index 0.0% Some disappointing housing numbers from Canada. No reaction from the Canadian dollar but it’s an area that everyone is watching closely.
US March import/export price index data (April 12, 2018) The USD has move a little higher off the data. The Bureau of Labor Statistics reports: “Import prices recorded no change in March following rises of 0.3 percent in February and 0.8 percent in January. The index has not declined on a monthly basis since decreasing…
US initial jobless claims data now out 12 April – 242k prev – continuing claims 1871k vs 1843k exp vs 181k prev from 1806k Not a lot to get the algos excited here but slightly softer report.
Latest data released by INSEE – 12 April 2018 More or less in line with preliminary figures. But the uptick in March figures should keep the ECB happy, although it is more than likely boosted by seasonality – Easter.
At the same time, Barclays raises their 2018, 2019 average oil price forecasts However, they mention that there is a high likelihood of a downward correction in prices during the second-half of this year.
BlackRock CIO for FX, Rick Rieder, comments in an interview with Bloomberg TV It’s starting to be a growing consensus over the last few days that China will not move to devalue the yuan in a trade spat against the US. But equally – if not more – as unlikely will be them deciding to…
A tepid start to proceedings in early trades in Europe Follows much of the sentiment that we’ve seen so far in Asian trading. We could be in for a quiet and cautious trading day unless geopolitical tensions start to ramp up further I reckon.
Tokyo’s main index closes marginally lower on the day A mildly lower close for the Nikkei as trading stayed narrow for the most part today. There is the usual lack of drive and direction from Asian markets so far, so let’s see what Europe has to bring.
According to the firm’s chief US economist, Seth Carpenter Carpenter is taking the more contrarian view with regards to where yields are heading, as most others (, , to name a few) see yields at least touching 3.25% by this year-end.
UK Brexit minister Davis out on Reuters 12 April “Virtually nothing” = we hope, but we don’t really know yet – will have a good idea if there is going to be a Brexit deal by end of this year Exactly. Thanks for popping by Mr D. It’s been really informative. Not.