Archive for July, 2008
Canada: May Real GDP - Soft and Softer
Canada: May Real GDP - Soft and Softer Canadian real GDP slides 0.11% M/M Goods production hit, services production soft
Canadian real GDP posted a 0.1% contraction in May, coming in below the consensus expectation of an increase of 0.2%. After having recorded a gain of 0.4% in April, Canadian economic activity edged down in May, […]
USD Weakens across the Board and Waiting Tomorrow!
USD Weakens across the Board and Waiting Tomorrow!
GDP trailed estimates, jobless claims rose heavily last week, while revision to GDP growth showed the economy did contract in the last quarter of 2008, shredding the dollar into pieces, though despite all that the manufacturing sector expanded for the fist time in six months which helped the […]
Heavy Fundamental Docket Causes Whipsaw Action in Dollar Pairs
Heavy Fundamental Docket Causes Whipsaw Action in Dollar Pairs
JPN Manufacturing Remains in Contraction, Wages Decline on Year
In Japan, manufacturing activity contracted again in June as the PMI measured 47.0. Both domestic and global demand for Japanese goods are faltering. Monthly wages, including overtime and bonuses, decreased 0.6% in June compared to the same time last […]