Canada August manufacturing sales 1.6% vs. -0.3% estimate

Last month -2.6%The Canada manufacturing sales data for August came in much better than expectations at 1.6% to $53.5B.  The increase was better than the -0.3% decline expected and comes after 2 consecutive monthly declines. The gain was mainly attributable to higher sales in the transportation equipment, and petroleum and coal product industries. Sales were […]

US Sept housing starts 1127K vs 1175K expected

September housing starts and building permits data Prior was 1180K (revised to 1183K) Down 4.7% on the month Building permits 1215K vs 1245K expected Prior building permits 1272K Permits down 4.5% m/m That’s a sizeable drop in starts and permits. The initial reaction in the market was some small US dollar. The drop was spread […]

Housing and the Fed coming up on the US economic calendar

What’s coming up Expect another lively session with housing and Fedtalk on the agenda. Comments from the Fed’s Dudley and Kaplan could cross at any time. They’re currently taking part in a moderated discussion on economic development. At the bottom of the hour, US housing starts are due for September. The consensus is for a […]

UK’s May says no deal on Brexit preferable to a bad deal

UK PM May during weekly PMQ’s in parliament 18 Oct a rejection of a no deal scenario means accepting any Brexit deal that might hurt economy can confirm we’re working for best possible Brexit deal but irresponsible of govt not to prepare for all scenarios Yada yada yadaGBPUSD suitably unfazed at 1.3175 still making its mind […]