Free Trial
OPTIONS

Bund Unwinding And Rolling

US STOCKS

Equity Roundup: Meme-Stock Blitz

CANADA

BoC's Macklem On Inflation Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Watching US Data Outcomes

USD

Whilst much of the focus overnight was on the FOMC decision and the subsequent press conference, we did see further disappointing data outcomes in the US relative to market expectations.

  • Specifically, the US empire manufacturing stayed negate at -1.2 versus 2.3 expected. It was an improvement though on the previous reading of -11.6. Retail sales data also disappointed.
  • Tonight, we have further data outcomes, most notably the US Philly Fed print. The market expects an improvement to 5.0 from 2.6.
  • The Citi US Economic Activity Surprise Index (EASI) remains at fairly depressed levels though, see the first chart below. The other line on the chart is the Atlanta Fed GDP Nowcaster, which edged into negative territory with the latest update.

Fig 1: Citi US EASI & Atlanta Fed GDP Nowcaster

Keep reading...Show less
355 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Whilst much of the focus overnight was on the FOMC decision and the subsequent press conference, we did see further disappointing data outcomes in the US relative to market expectations.

  • Specifically, the US empire manufacturing stayed negate at -1.2 versus 2.3 expected. It was an improvement though on the previous reading of -11.6. Retail sales data also disappointed.
  • Tonight, we have further data outcomes, most notably the US Philly Fed print. The market expects an improvement to 5.0 from 2.6.
  • The Citi US Economic Activity Surprise Index (EASI) remains at fairly depressed levels though, see the first chart below. The other line on the chart is the Atlanta Fed GDP Nowcaster, which edged into negative territory with the latest update.

Fig 1: Citi US EASI & Atlanta Fed GDP Nowcaster

Keep reading...Show less