Archive for August, 2008
It is 1992 all over again for GBP/USD
It is 1992 all over again for GBP/USD
Overall: The Bureau of Economic Statistics reported that spending grew just 0.2% in July while incomes fell 0.7%, data that would normally point the dollar lower. However, much better-than-expected readings from the Chicago Purchasing Managers (57.9 vs. 50.1 expected) and the Reuters/University of Michigan’s reading on Consumer Sentiment […]
Canadian GDP Stuck in an Export Driven Rut
Canadian GDP Stuck in an Export Driven Rut Negligible economic growth of 0.3% in Q2 after revised 0.8% decline in Q1 Exports continue to subtract from growth, offset by a rebound in business inventories Domestic demand cooling
After shrinking by 0.8% annualized (revised down from -0.3% previously) in the first quarter, the Canadian economy managed to […]
Trade Desk Thoughts - Chicago PMI
Trade Desk Thoughts - Chicago PMI
Chicago PMI (August) Actual 57.9, Expected 50.1, Previous 50.8
Release Explanation: The activity level of Purchase Managers, they are surveyed on production, employment, inventories, orders, delivery data. The PMI is split into reads on Manufacturing, Service, and Construction industries. A read over 50 denotes growth. This data gives an early indication […]