Trump tweets on North Korea The US is leading an effort to cut off North Korea’s oil supply. That’s probably what he’s referring to rather than war. In any case, USD/JPY has trimmed its gains back to 110.20 from 110.44 in part because of the
ADP better than estimated and now 3% GDP sends the dollar higherThe US GDP was better. The ADP was better. The dollar is getting bought.The EURUSD has broken below the trend line at 1.1925 currently and the 100 hour MA at 1.1914 and will look toward the 1.1876 level as the next target. That level […]
GDP revisions Initial reading was +2.6% Q1 growth was +1.2% Personal consumption 3.3% vs 3.0% expected Prior personal consumption +2.8% GDP price index +1.0% vs +1.0% exp Core PCE +0.9% vs +0.9% So far in 2017, annualized GDP is running at +2.1%. Details: Home investment -6.5% vs -6.8% prior Business investment in structures +6.2% vs […]
Prior reading (Q1) revised to -$12.92B from -$14.05B Deficit widens compared to Q1. On record, this would be the 35th consecutive current account deficit.The wider deficit was mainly due to a surge in imports, which jumped 5.5%.USDCAD is higher on the day trading at 1.2557 currently, on the back of the stronger US ADP employment […]
Whoopsie, stepping in on Adam’s toes hereFor the release on the data, please refer to his post below.
The GBP is the strongest while the EUR is the weakest.As the North American session gets underway, the GBP is the strongest currency of the major currency pairs, whiie the EUR is the weakest. The USD in the snapshot is also continuing the rally started yesterday.That combination means the EURGBP is on a run to […]