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Archives by Year:
Japanese Yen Falls As BOJ Leaves Rates Unchanged And Lowers Inflation Estimates
The Japanese Yen has been struggling this week. Today, these struggles continued after the Bank of Japan (BOJ) left interest rates unchanged and lowered the inflation estimates for 2018. The decision on interest rates was expected going by the previous statements. What was not expected was the decision to lower 2018’s inflation estimates to 0.9% […]
US Employment Costs Soar At Fastest Pace In A Decade
US employment costs surged more than expected in Q3. Up 0.8% QoQ (equals the biggest quarterly jump since Q4 2017), as increases in private wages and salaries accelerated, perhaps signaling that workers are gaining leverage in a tightening labor market. Wages & Salaries rose 0.9% QoQ (+2.9% QoQ) as benefits slowed (+0.8% QoQ from +0.9% in […]
One Year Look-Ahead Expectations: Household Income, Inflation, Spending
Every month, the NY Fed conducts a survey of consumer expectations. The top chart is from the Fed, I created the others. Please consider the New York Fed Survey of Consumer Expectations for September 2018. In the September survey, one-year- and three-year-ahead inflation expectations held at 3.0 percent. Respondents’ expectations at both horizons have been virtually unchanged […]
Tech ETFs In Focus Ahead Of Apple Q4 Earnings
Technology giant Apple (AAPL – Free Report) is set to release fourth-quarter fiscal 2018 results on Nov 1 after market close. Since Apple accounts for more than 19% of total market capitalization of the entire technology sector in the S&P 500 Index, it is worth taking a look at its fundamentals ahead of its quarterly results. Apple […]
US Markets Bouncing And USD Further Breaking Out
Chris Temple joins me to outline the upward moves in US equities and the continued breakout in the USD. Although the US markets continue to seem a bit confused the last couple days are giving the markets a little room from a further breakdown. On the other hand the USD continues to move higher and […]
Intuitive Surgical, Varian Rise Amid Expanded Surgical Robot Quota In China
Shares of Intutive Surgical (ISRG) and Varian Medical Systems (VAR) are rising after the Chinese government announced its medical equipment plans through 2020, including a new 154-system quota for Intuitive Surgical. PIPER RAISES PRICE TARGET ON INTUITIVE SURGICAL: On Wednesday, Piper Jaffray analyst JP McKim noted that the National Health and Family Planning Commission in […]
Chicago PMI Declines In Again In October
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
Beware The GBP/USD Rebound Amid Surge In Retail Long-Interest
The decline in GBP/USD appears to have stalled ahead of the 2018-low (1.2662) amid signs of an imminent Brexit deal, with the British Pound outperforming against its major counterparts ahead of the Bank of England (BoE) interest rate decision, but the ongoing shift in retail sentiment undermines the recent rebound in the exchange rate as the pickup […]
Crude Inventories: Up, But Inline
The EIA updated their weekly data for petroleum products this morning. Crude inventories rose to 426 million barrels this week, up 1.68 million from last week. While far from the highs of the past five years, this is only slightly above the five-year average for inventory levels. These numbers are in line with seasonal trends; […]
