In the US, only a few 'second tier' data releases are scheduled next week. March durable goods and shipments for March (Fri) will provide an update on whether the recent weakness of manufacturing is primarily weather-rel…
In the US, only a few 'second tier' data releases are scheduled next week. March durable goods and shipments for March (Fri) will provide an update on whether the recent weakness of manufacturing is primarily weather-related or a result of the dollar's appreciation.
The shipments data is used to calculate the investment component of GDP, and will be watched for indications of whether the current substantially reduced expectations for Q1 growth need to be lifted.
"We expect both durable goods and shipments to pick up modestly in March. Existing (Wed) and new (Thurs) home sales are both likely to show sales picking up as the weather improves." - said Lloyds Bank
There will be no Fed speakers over the coming week prior to the next FOMC meeting on April 28-29th. As a result, markets will have little in the way of new information to drive speculation about interest rate policy.
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…
