UK Retail Sales could Test GBP/USD

US services PMI pending

US Dollar Edges Higher, but will Gains be Capped?

US Jobless Claims Rise Faster than Forecast

Spanish Bond Yields Continue To Fall

US New Home Sales Tumble 14.5% in March

US Manufacturing Industry Accelerates Further in April: Markit



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  • UK Retail Sales could Test GBP/USD

    The GBPUSD pair edged higher Thursday amid a spate of economic data from the United States and Europe. One of the pair’s final test comes Friday with the release of UK retail sales. The UK retail sector continued to strengthen in March, experts say. Friday’s report, courtesy of the Office for National Statistics, could show […]

  • US services PMI pending
    Business » US services PMI pending
    April 24, 2014

    Business activity in the US service economy accelerated further in April, according to a broad consensus of market analysts eyeing Friday’s PMI report. Markit Group’s services PMI is expected to rise from 55.3 to 56 this month, experts say. The broad gauge of service activity rose 2 percentage points in March as business activity accelerated […]

  • US Dollar Edges Higher, but will Gains be Capped?

    The US dollar was trading higher against a basket of currencies after durable goods orders boosted the outlook on the US recovery. Orders for manufactured goods meant to last three years or more increased 2.6 percent in March, following a revised gain of 2.1 percent in February, the Commerce Department reported today in Washington. Excluding […]

  • US Jobless Claims Rise Faster than Forecast

    US jobless claims rose more than expected last week, as layoffs increased after falling to a seven-year low earlier this month. US jobless claims increased by 24,000 to 329,000 last week, the Labor Department reported today in Washington. The median estimate of economists called for jobless benefits to rise to 310,000 in the week ended […]

  • US Durable Goods Orders Rise Significantly

    The US Census Bureau and the Department of Labor have just published updates on North America’s economic situation. The headline figure is the March Durable Goods Orders which has come in at 2.6%, up from last month’s 2.2% and beating the market consensus estimate for 2.0%. When transportation is stripped out from this data the […]

  • British Distributive Trades Rise Sharply

    The Confederation of British Industry has just published the it’s April Distributive Trades report. This measure of short term trends in retail and wholesale distribution sector has come in at 30, this is sharply up from last months 13 and easily beat the market consensus estimate for a reading of 17. The retail sector in […]

  • ECB Move Closer To Quantitative Easing

    European Central Bank (ECB) President, Mario Draghi, has just completed a speech in Amsterdam in which he presented a scenario for the Bank to initiate an asset purchase program. The key tenet of Draghi’s statement was that should inflationary conditions deteriorate further in the Eurozone then the Bank would take a pro-active approach to managing […]

  • Spanish Bond Yields Continue To Fall

    Spain is back to the market in a series of Government bond auctions this morning and yields have continued to drop. 3 year bonds sold at 1.022% against market expectations for a yield of 1.331%, the 5 year issue was bought at 1.663% on expectations for 1.869% and the long term 10 year sold for […]

  • US New Home Sales Tumble 14.5% in March

    The sale of new US homes declined further in March, a sign the housing recovery continues to be dampened by stricter lending terms and rising prices. New US home sales declined 14.5 percent in March to a seasonally adjusted annual rate of 384,000, the Commerce Department reported today in Washington. This follows a revised gain […]

  • US Manufacturing Industry Accelerates Further in April: Markit

    The US manufacturing industry continued to improve in April, as output and new orders rose at a sharper pace and employment increased for the tenth consecutive month. Markit Group’s gauge of US manufacturing activity eased from 55.5 to 55.4 in April, after easing 1.6 percentage points the previous month. Economists forecast a reading of 56. […]