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US Equity and Economic Review For August 24-28

By: HaleStewart

The strongest news of the week was the upward revision of 2Q GDP from 2.3% to 3.7% (Q/Q). All sectors contributed. Personal consumption expenditures increased 3.1% with contributions from durable goods purchases (+8.2%) and non-durable goods (+4.1%). Read more

Weekly Indicators: no significant changes edition

By: New_Deal_democrat

In the deep rear view mirror, Q2 GDP was revised sharply higher. Corporate profits set a new record. With one exception, monthly data for July was all positive, including new home sales, house prices, durable goods, and both personal income and spending. Read more

International Economic Week in Review For Aug. 24-28

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

XE Market Analysis: Asia - Aug 28, 2015

By: XE Market Analysis

The dollar was mostly higher versus major currencies in N.Y. trade on Friday, though generally, price action was much calmer than seen through the rest of the week, where volatility reigned. In-line income and consumption data helped the greenback marginally, and the unit drifted higher though the morning, before settling a bit lower into the London close. Read more

Corporate profits lead stock price: important update re Q2 corporate profits

By: New_Deal_democrat

Lost in the frenzy this week has been that second quarter corporate profits were reported by the BEA. To reiterate, since corporate profits are a long leading indicator for the economy, and stock prices a short leading indicator, it makes sense that the direction of corporate profits leads the direction of stock prices, when averaged over a quarter. So here is an update of my graph showing corporate profits (blue) vs. Read more

XE Market Analysis: North America - Aug 28, 2015

By: XE Market Analysis

The dollar traded moderately softer, though directional impetus was lacking in forex markets as the stock market rebound flagged in Europe after a second day of gains in Asia. Market participants hunkered down, wary of a potential tape bomb from the Fed's gathering at Jackson Hole given the still open-ended 'to hike, or not to hike' question. Read more

XE Market Analysis: Europe - Aug 28, 2015

By: XE Market Analysis

The dollar majors saw contained trade in pre-Europe trade in Asia as risk-on continued for a second data. A 3.0% closing gain in Japan's Nikkei 225 and 2%-plus gain in China's Shanghai Composite led other Asian bourses higher on renewed optimism about the U.S. Read more

XE Market Analysis: Asia - Aug 27, 2015

By: XE Market Analysis

The dollar added to recent gains in N.Y. on Thursday, as an outsized upward revision to U.S. Q2 GDP got the ball rolling. Growth was upgraded to 3.7% from the original print of 2.3%. This was stronger than median forecasts, and good enough to take the greenback higher. Read more

XE Market Analysis: Europe - Aug 27, 2015

By: XE Market Analysis

The dollar traded with a modest downside bias during pre-Europe trade in Asia, correcting some of the gains seen on Wednesday. EUR-USD recovered to the 1.1350 area after logging a six-day low at 1.1292 late yesterday, and USD-JPY ebbed back under 120.00 after peaking at a two-day high of 120.36 in early Asia-Pacific trade. Read more

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