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US October Richmond Fed -2 vs -2 expected
USD
Manufacturing shipments 0 vs -5 last month Other details: Employment 3 versus 7 last month Wages 20 versus 17 last month Prices paid 7.12 versus 7.08 last month Prices received 5.27 versus 4.19 last month New orders -8 versus -6 last month Backlog of orders -21 versus -10 last month Capacity utilization -7 versus -7 last month Capital expenditures -12 versus -7 last month Se...
US October Richmond Fed -2 vs -2 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
US October Richmond Fed -2 vs -2 expected
USD
Manufacturing shipments 0 vs -5 last month Other details: Employment 3 versus 7 last month Wages 20 versus 17 last month Prices paid 7.12 versus 7.08 last month Prices received 5.27 versus 4.19 last month New orders -8 versus -6 last month Backlog of orders -21 versus -10 last month Capacity utilization -7 versus -7 last month Capital expenditures -12 versus -7 last month Se...
US October Richmond Fed -2 vs -2 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
October US consumer confidence 91.7 vs 81.0 expected
USD
Prior was 81.9 (revised to 84.2) Present situation 120.4 vs 111.8 prior Expectations 72.6 vs 65.7 prior This is a nice jump but it comes after the worst reading since 2014 so it's still at extremely depressed levels. In any case, I struggle to see the value of this indicator as anything but a political barometer.
October US consumer confidence 91.7 vs 81.0 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
October US consumer confidence 91.7 vs 81.0 expected
USD
Prior was 81.9 (revised to 84.2) Present situation 120.4 vs 111.8 prior Expectations 72.6 vs 65.7 prior This is a nice jump but it comes after the worst reading since 2014 so it's still at extremely depressed levels. In any case, I struggle to see the value of this indicator as anything but a political barometer.
October US consumer confidence 91.7 vs 81.0 expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
US New home sales for September 0.676M annualized vs 0.650M estimate
USD
Prior month 0.684M annualized revised lower to 0.680M annualized Details: New home sales: 676,000 annualized. Sales change: −0.6% MoM; −5.3% YoY.
US New home sales for September 0.676M annualized vs 0.650M estimate
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
US New home sales for September 0.676M annualized vs 0.650M estimate
USD
Prior month 0.684M annualized revised lower to 0.680M annualized Details: New home sales: 676,000 annualized. Sales change: −0.6% MoM; −5.3% YoY.
US New home sales for September 0.676M annualized vs 0.650M estimate
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected
USD
Prior was +2.5% y/y 20-city house price index +0.3% m/m vs +0.3% expected Mortgage rates at 7.5% aren't doing any favors for the housing market. For background, the S&P Case-Shiller Home Price Indices are the best-known measure of US house prices.
US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected
USD
Prior was +2.5% y/y 20-city house price index +0.3% m/m vs +0.3% expected Mortgage rates at 7.5% aren't doing any favors for the housing market. For background, the S&P Case-Shiller Home Price Indices are the best-known measure of US house prices.
US August Case-Shiller 20-city house price index +2.7% y/y vs +2.6% expected
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
US FHFA Monthly home prices index 0.3% vs 0.2% estimate
USD
Prior month 0.3% Details of the report US August FHFA house prices rise 0.3% as expected; annual growth slows to 2.4% House prices MoM: +0.3% vs +0.3% expected. Prior revised to +0.2% from +0.3%.
US FHFA Monthly home prices index 0.3% vs 0.2% estimate
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
US FHFA Monthly home prices index 0.3% vs 0.2% estimate
USD
Prior month 0.3% Details of the report US August FHFA house prices rise 0.3% as expected; annual growth slows to 2.4% House prices MoM: +0.3% vs +0.3% expected. Prior revised to +0.2% from +0.3%.
US FHFA Monthly home prices index 0.3% vs 0.2% estimate
What this may mean
Inflation developments can change the expected path of interest rates and therefore affect currencies, bonds, equities and gold.
Key points
- Market context: Mixed / needs confirmation
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
USDCAD
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
USDCAD
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
Canadian dollar slips as investors await Bank of Canada, Fed rate decisions
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
US September durable goods orders +1.8% vs +1.7% expected
USD
Prior was 0.0% Ex-transport +0.5% vs +0.6% expected Prior ex-transport +0.3% Ex-defense +2.2% vs +0.1% prior Non-defense capital goods orders ex-air +0.5% vs +0.7% expected Prior +1.6% Durable goods orders have been chopping sideways for much of the past year and today's report is more of the same. it's a nice climb but it comes after months of stagnation.
US September durable goods orders +1.8% vs +1.7% expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
US September durable goods orders +1.8% vs +1.7% expected
USD
Prior was 0.0% Ex-transport +0.5% vs +0.6% expected Prior ex-transport +0.3% Ex-defense +2.2% vs +0.1% prior Non-defense capital goods orders ex-air +0.5% vs +0.7% expected Prior +1.6% Durable goods orders have been chopping sideways for much of the past year and today's report is more of the same. it's a nice climb but it comes after months of stagnation.
US September durable goods orders +1.8% vs +1.7% expected
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
USD
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
USD
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
U.S. Treasury yields hover near multi-week lows ahead of Fed decision
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
European news wrap: Markets remain rangebound ahead of the FOMC decision
USDEURGBPJPYNZDCNY
Headlines: FOMC Preview: A hawkish hold as markets watch for signals about timing and extent of further tightening Why the Federal Reserve matters more to crypto market than many investors realise Oil consolidates around recent highs as fears of imminent US strikes ease.
European news wrap: Markets remain rangebound ahead of the FOMC decision
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
European news wrap: Markets remain rangebound ahead of the FOMC decision
USDEURGBPJPYNZDCNY
Headlines: FOMC Preview: A hawkish hold as markets watch for signals about timing and extent of further tightening Why the Federal Reserve matters more to crypto market than many investors realise Oil consolidates around recent highs as fears of imminent US strikes ease.
European news wrap: Markets remain rangebound ahead of the FOMC decision
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Potentially supportive
Sterling today: Pound dips on firm dollar as Fed, budget loom
USDGBP
Sterling today: Pound dips on firm dollar as Fed, budget loom
Sterling today: Pound dips on firm dollar as Fed, budget loom
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Sterling today: Pound dips on firm dollar as Fed, budget loom
USDGBP
Sterling today: Pound dips on firm dollar as Fed, budget loom
Sterling today: Pound dips on firm dollar as Fed, budget loom
What this may mean
The development may affect the tagged currencies or assets as markets reassess growth, policy or risk expectations.
Key points
- Market context: Mixed / needs confirmation
France consumer confidence plunges to lowest since 2013 as fiscal worries deepen
EUR
France October consumer confidence 80 vs 85 expected Prior 86; revised to 85 That's a major blow. French household confidence falls to its lowest since 2013 in October as fiscal worries and concerns over the country's public finances weigh heavily on sentiment.
France consumer confidence plunges to lowest since 2013 as fiscal worries deepen
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
France consumer confidence plunges to lowest since 2013 as fiscal worries deepen
EUR
France October consumer confidence 80 vs 85 expected Prior 86; revised to 85 That's a major blow. French household confidence falls to its lowest since 2013 in October as fiscal worries and concerns over the country's public finances weigh heavily on sentiment.
France consumer confidence plunges to lowest since 2013 as fiscal worries deepen
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
What are the main events for today?
USD
EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low-tier releases like the French consumer confidence and the Spanish unemployment rate. The data won't change anything for the ECB, so the market reaction will be muted.
What are the main events for today?
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
What are the main events for today?
USD
EUROPEAN SESSION In the European session, we don't have much on the agenda other than a couple of low-tier releases like the French consumer confidence and the Spanish unemployment rate. The data won't change anything for the ECB, so the market reaction will be muted.
What are the main events for today?
What this may mean
Central-bank guidance can quickly change interest-rate expectations, currency volatility, bond yields and risk appetite.
Key points
- Market context: Mixed / needs confirmation
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