The USDCHF moved higher last week but found willing sellers near the 38.2% of the range from the 2022 high at 0.9025. The high last week reached 0.8921. […]

This was released earlier: Prior was +0.8% Nondefense capital goods orders ex-air +0.7% vs -0.1% prior Ex transport -0.1% vs +0.3% The core orders number is the important […]

Prior revised to -14.8% m/m Sales at 0.664m vs 0.660m expected Supply at 8.9 months vs 9.2 months prior Median price $402,600 vs $429,600 prior Median price -6.3% […]

Prior was +1.1% Monthly PPI +0.6% vs +1.2% prior Raw materials price index +2.0% vs -2.8% y/y prior Raw materials price index -0.5% vs +3.8% m/m prior (revised […]

It is a holiday week with Christmas eve tomorrow and Christmas day on Wednesday breaking up the action. Nevertheless the markets will be open in the US on […]

Gold is down 1.3% on the month and the decline this month largely stems from a more hawkish Fed from last week. Barring a stirring rally in the […]

The Biden administration has just announced a trade investigation into “legacy” Chinese-made semiconductors today. And that could see it lead to more tariffs on chips from China that […]

The changes on the day are light and it reflects the lack of appetite or incentive among traders to chase anything on the week. It’s one of those […]

Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in […]

Prior +0.5%; revised to +0.4% GDP +0.9% vs +1.0% y/y prelim Prior +0.7% The negative revision means that the UK economy stagnated in Q3, with economic conditions stuttering […]