Archive for May 12th, 2008
Euro Bounce to Remain Unconvincing for Now
Euro Bounce to Remain Unconvincing for Now
The $1.2 pullback in oil is keeping any euro advances in check near the $1.55 figure. Currency markets will take this week’s busy schedule of US economic reports as the first tangible basis of whether the dollar recovery is warranted by improved US economic data rather than negative reports […]
Slow Start to a Light Data Week in Canada
Slow Start to a Light Data Week in Canada
The only economic data release from now until Thursday is today’s new house price index for March. A moderating trend in the sales-to-new-listings ratio, an indication of the supply/demand balance in the housing market, informs our forecast calling for slower growth in the new house price index […]
Wall Street Looks to U.S. Consumers for Direction
Wall Street Looks to U.S. Consumers for Direction
NEW YORK — With millions of stimulus checks going out to taxpayers, Wall Street wants to know where that money will be spent - and this week’s data could help investors gauge the mind-set […]