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Monthly data for September included increases in housing permits and starts. Industrial production rose sharply. Consumer sentiment improved. Producer prices fell slightly. Retail sales declined (but only took back half of August's steep +.6% rise. Read more
In contrast to the last 2-3 years where the general economic story line has been one of grindingly slow but positive growth, the last few months have seen a rise in uncertainty as the EU and Japan appear to be hitting a serious problem patch, geopolitical tensions are rising and a potential for a very serious health problem from Ebola is emerging. Read more
According to GasBuddy, nationwide gas prices in the US now average $3.15. This is a 3 year 8 month low (i.e., the lowest since February 2011): Read more
The dollar majors settled after a volatile week while European and most Asian stock markets managed to recoup some of the ground lost this week. EUR-USD oscillated in a narrow range around 1.2800. USD-JPY lifted to the 106.50 area, achieving a two-day high and managing to climb above its 50-day moving average situated at 106.22. Read more
The dollar majors consolidated in pre-European Asian trade after a volatile week. Fresh data or other leads were in short supply, while an accidental re-release of the RBNZ's September statement caused only a brief stir as it generated headlines about the NZD being to strong. Read more
The dollar was mostly lower in N.Y. trade on Thursday, despite the bounce back on Wall Street, and some decent U.S. economic data. Weekly jobless claims were the lowest in years, while industrial production and the Philly Fed index both beat expectations. Read more
The latest market correction has attracted a great deal of attention. And, it has once again placed a great deal of focus on the underlying economic condition of the US economy. As I noted yesterday, both the leading and coincident economic indicators (which comprise a total of 14 different economic statistics) are pointing to continued moderate US growth. Read more
The dollar rebounded as the market turned to the dollar in an risk averse environment as European stocks turned sharply lower. News that Spain's auction of 10-year paper fell short of target was both a symptom and a risk-off catalyst, while the Ebola outbreak is inviting comparisons in the media to the economically disruptive 2003 SARS outbreak in Asia. Read more
The dollar has consolidated Wednesday's losses seen after soggy U.S. PPI and retail sales data. Asian stocks continued to tumble, and another risk-off day looks likely in Europe amid fears about Ebola, which is inviting comparisons to the economically disruptive SARS outbreak in Asia in 2003. Read more
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