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Canadian Core Retail Sales Post 0.1% Fall

Canadian Core Retail Sales Post 0.1% Fall

🕔September 23, 2016

The Canadian retail sales data released on Friday revealed a 0.1% slump in the month of July after a revised unchanged reading in June, which was initially reported at -0.1%. This was lower than the forecasted 0.2% growth for the month as the year on year growth reached 2.3%.…

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Canadian Core Inflation Lower in August

Canadian Core Inflation Lower in August

🕔September 23, 2016

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There was a slump in the Canadian core inflation rate as it fell to its lowest level in over 2 years in August, as the disappointing economic outlook mostly strengthened by the weak consumer prices weighed on the country’s core inflation.…

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US Markit Manufacturing PMI at 51.4 in September

US Markit Manufacturing PMI at 51.4 in September

🕔September 23, 2016

According to preliminary data released today, the US Manufacturing sector reported a larger than expected slump in activities within the US manufacturing sector for the month of September, despite it showing a very sluggish rate of expansion in new orders this year.…

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Fundamental and Technical Outlook: NZD/CHF

Fundamental and Technical Outlook: NZD/CHF
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🕔September 23, 2016

Fundamental Outlook: NZD/CHF

There was no tier 1 data or news of note during the Asia-Pacific session, risk sentiment has been unable to maintain yesterday’s risk-on tone with commodities pulling away from best levels and Asia equities in negative territory across the board.…

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Japan Factory Activity Expands in September

Japan Factory Activity Expands in September

🕔September 23, 2016

News Event

From Trading Economics: The IHS Markit/Nikkei Japan Flash Manufacturing PMI rose to 50.3 in September of 2016 from a final 49.5 in August while market expected 49.3. It is the 1st growth since February as output increased at a faster pace while new export orders went up for the 1st time in 8 months.…

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US Existing Home Sales Fall in August

US Existing Home Sales Fall in August
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🕔September 22, 2016

The rate of existing home sales in the US slowed in the month of August, as figures released today revealed that it fell 0.9% lower as the report showed a pace of 5.33 million homes in terms of seasonal adjustments, this report came from the National Association of Realtors.…

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US Leading Economic Indicators Lower by 0.2%

US Leading Economic Indicators Lower by 0.2%

🕔September 22, 2016

 

The US Leading Economic Indicators (LEI), released by the Conference Board, dropped by 0.2% in the month of August and was less than the analysts’ forecasts of an unchanged reading. The slump came on the trail of an upwardly revised 0.5% rise seen in the month of July, which was originally at 0.4% and a 0.2% rise in the month of June.…

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US Initial Jobless Claims Under 300,000 for 81st Week

US Initial Jobless Claims Under 300,000 for 81st Week

🕔September 22, 2016

Last week the number of Americans who filed for unemployment benefits dropped to a 2 month low, hinting at the labor market’s growing strength that could cause the Federal Reserve to raise their interest rates by December. The uptick shown by the US initial jobless claims data came just a day after the US central bank decided against an interest rate raise but showed strong signs that it could increase borrowing costs before the end of the year, as they cited the progressive growth in the labor market and a strong rally in economic growth.…

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Federal Reserve Signals One Rate Hike By End of Year

Federal Reserve Signals One Rate Hike By End of Year

🕔September 22, 2016

News Event

From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the sixth time during its September 2016 meeting. Policymakers said that the case for a rate hike has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.…

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Canadian Wholesale Sales Rise for Fourth Month

Canadian Wholesale Sales Rise for Fourth Month

🕔September 21, 2016

Canadian wholesales data released today showed a consecutive four months rise in the wholesales as it grew by 0.3% in the month of July on the trail of a 0.7% gain in the previous month. This rise gave it an annual gain of 3.3% and was mostly in line with the consensus market forecasts.…

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