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EventsTrader commented Mar 28, 2024
Strong report Takeaways: 
The GDP increased at an annual rate of 3.4% in the fourth quarter of 2023, which is a deceleration from 4.9% growth in third quarter of 2023. The growth ...
Gross Domestic Product, Fourth Quarter and Year 2023 (Third Estimate), GDP by Industry, and...
- EventsTrader commented Mar 21, 2024
While the market was expecting, this wasn't that big of a surprise. The SNB hit it's inflation target almost a year ago (May 2023) and inflation is now running at 1.2% y/y. CPI of 1.2% is lower than any other G20 country (minus China). Hindsight is ...
Swiss National Bank eases monetary policy and lowers SNB policy rate to 1.5%
- EventsTrader commented Mar 21, 2024
Not much here. Takeaways:
The shipments index has increased, and new orders have turned positive, which is a favorable sign for manufacturing activity. Indicators for future activity have risen, ...March 2024 Manufacturing Business Outlook Survey
- EventsTrader commented Mar 21, 2024
30-year fixed-rate mortgage averaged 6.74%. Here are other key takeaways:
9.5% surge to a seasonally adjusted annual rate of 4.38 million units, the largest monthly increase since February 2023. ...Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a Year
- EventsTrader replied Mar 20, 2024
FOMC Meeting - March Preview US Federal Funds Rate US FOMC Economic Projections US FOMC Statement US FOMC Press Conference Forecasts and expectations Fed Funds Rate: There just about 100% chance the Fed keeps rates where they are. image Rate ...
High Impact Events Trading... Bitcoin
- EventsTrader commented Mar 15, 2024
76.5 is within the margin of error and suggests a relatively stable consumer sentiment.
When compared to March 2023, the overall index shows a substantial year-over-year increase of 23.4%. This indicates that consumers ...UMich March prelim consumer sentiment 76.5 vs 76.9 expected
- EventsTrader commented Mar 15, 2024
Very weak report. Key takeaways:
Big miss in general business conditions index falling to -20.9. Both new orders and shipments indices have declined, signifying a decrease in demand and ...Empire State Manufacturing Survey
- EventsTrader commented Mar 14, 2024
Hot A significant portion of this increase, nearly 70%, was due to the jump in prices for final demand energy, which rose by 4.4%. In product detail, a third of the February advance in the index for final demand ...Producer Price Index - February 2024
- EventsTrader commented Mar 12, 2024
Hot report from what I'm seeing. Key Takeaways:
The indexes for shelter and gasoline rose significantly and were major contributors to the monthly all items increase. The energy index rose by 2.3% over the month, with all ...Consumer Price Index - February 2024
- EventsTrader commented Mar 8, 2024
No... Lower (*perceived) inflation = potential earlier rate cut = dovish for USD. After the initial USD spike higher it reversed and headed lower.
The Employment Situation -- February 2024
- EventsTrader commented Mar 8, 2024
While the NFP figure initially caused the knee-jerk reaction in favor of the US dollar, that quickly reversed as average hourly earnings was digested. A dovish sign in terms of inflation and that's where all the focus remains. Key takeaways: ...
The Employment Situation -- February 2024
- EventsTrader commented Mar 6, 2024
A dud. Takeaways:
Steady employment growth within the private sector. - Small businesses with 1-19 employees added 11,000 jobs. - Small businesses with 20-49 employees added 2,000 jobs. - Mid-sized businesses with 50-249 ...ADP National Employment Report: Private Sector Employment Increased by 140,000 Jobs in...
- EventsTrader commented Mar 5, 2024
While below expectations, a healthy report. Key takeaways:
Services sector continued to expand, although at a slightly slower rate Increase in prices paid for materials and services, indicating ...US Services PMI at 52.6%; February 2024 Services ISM Report On Business
- EventsTrader commented Feb 28, 2024
No real big surprises. Key takeaways: - Prelim of 3.2% is a healthy number but significantly lower than the 2023 Q3 Final GDP increase of 4.9%. - From Q4 2022 to Q4 2023, real GDP increased by 3.1%. - Inflation still elevated. PCE price index went ...
Gross Domestic Product, Fourth Quarter and Year 2022 (Second Estimate)
- EventsTrader commented Feb 27, 2024
Some takeaways: - There was no significant breakout to higher confidence at the start of 2024, suggesting that the gains seen in the previous months were not sustained. - The Expectations Index decreased from a revised January figure of 81.5 to 79.8 ...
US Consumer Confidence Retreated in February
- EventsTrader commented Feb 27, 2024
The impact of higher mortgage rates on home prices is yet to be fully understood. There were home price declines in the fourth quarter in 15 markets, which may indicate that the market is responding to the increased cost of borrowing.
S&P CoreLogic Case-Shiller Index reports 5.5% annual home price gain for calendar 2023
- EventsTrader commented Feb 27, 2024
The wealth effect includes both house prices and stock prices. Both can't fall at the same time. Well, they can but the Fed tries to avoid that.
S&P CoreLogic Case-Shiller Index reports 5.5% annual home price gain for calendar 2023
- EventsTrader commented Feb 27, 2024
Aside from the drop in new orders of $18B, the two points that stick out in this report are: Transportation Equipment: There is a substantial increase in unfilled orders for transportation equipment by 22.0% YTD, which could be due to supply chain ...
US Durable Goods Orders decline 6.1% in January vs -4.5% expected
- EventsTrader commented Feb 22, 2024
Subdued price pressures suggests that inflation might be Consistent with Fed's 2% target. Good report for the Fed doves. Highlights: - Rebound in manufacturing with a significant rise in output, 10 month high. - Services sector growth slowed to a ...
US cost pressures dissipate further in February, but growth momentum in service sector softens