Forex Consulting

Some Japanese inflation data from earlier today

Japan November inflation and household spending data – 26 Dec 2017 Some decent headline numbers from Japan on a quiet day, though core inflation remains relatively subdued. Markets are relatively quiet today – as you’d expect, USD/JPY now at 113.29. Copyright 2015 Forexlive.com

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European stocks sag to finish the week

European stock markets lower Changes on Friday: – German DAX -0.3% – French CAC -0.45% – Spain IBEX -1.1% – Italy MIB -0.1% – UK FTSE-0.15% The 1.1% drop in Spain isn’t bad considering the surprise election result. Copyright 2015 Forexlive.com

Forex Consulting

NY Fed Nowcast estimate for 4Q GDP at 3.9%

Down from 4.0% last week The NY Fed  is out with their estimates for 4Q and 1Q 2018.  They now see 4Q GDP at 3.9%, down from 4.0% last week.  The biggest contributor was single family houses sold (added 0.1%).  Data revisions subtracted -0.09% (see charts below). Copyright 2015 Forexlive.com