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 […]
The Medicines Company (MDCO) shares soared nearly 10% over the past five sessions and added nearly 5% after-hours on Tuesday following the FDA approval of Vabomere for complicated urinary tract infections (cUTI). Phase 2 clinical data from its ORION-1 trial in conjunction with Alnylam Pharmaceuticals, Inc. (ALNY) also showed effectiveness at lowering bad cholesterol (LDL-C) […]
Juno Therapeutics, Inc. (JUNO) shares have soared more than 40% this week after Gilead Sciences, Inc. (GILD) announced a deal to acquire Kite Pharma, Inc. (KITE). Last year, Juno sued Kite over U.S. Patent No. 7,446,190, which covers a construct for a CD-19-targeted CAR-T cell treatment that employs a CD28 costimulatory domain. Juno has an […]
Technical outlook: We are approaching the end of August 2017 and as done in the early part of the month, a daily chart view has been presented with a larger picture in view for a broader trading plan for September 2017. As seen here, EUR/USD has formed a topping candlestick pattern called as a «Pinbar» […]
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 […]