With the ramifications of last week's FOMC meeting continuing to reverberate across financial markets, a light data calendar leaves the focus on the day's slew of Fed speakers. Fischer, Williams and Mester will all have …
With the ramifications of last week's FOMC meeting continuing to reverberate across financial markets, a light data calendar leaves the focus on the day's slew of Fed speakers. Fischer, Williams and Mester will all have the opportunity to expand on their interpretation of Chair Yellen's presentation of the FOMC statement and projections. Although the 'dot plot' of FOMC members' individual rate forecasts showed a downward revision since the December projections, the projected rates remain well above a market-implied forward curve.
In the context of the softer recent tone of US data, existing home sales figuresfor February will be scrutinised for evidence of an adverse weather effect.
Notwithstanding the anaemic January print, we expect weather to limit any bounce-back in today's data.
In Europe, the result of the first complete week of ECB's QE purchases should attract some attention alongside preliminary consumer confidence data for March. Domestically, the CBI's Industrial Trendssurvey for March may be of interest for context on the strength of the UK manufacturing sector in Q1, following a soft start in the official data for January.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
