gdp

Dollar weakens despite stronger than expected GDP data US stock market rebounded on Friday boosted by stronger than expected GDP report. The S&P 500 rose 0.5% to record high 2939.88, ending 1.2% higher for the week. Dow Jones industrial advanced 0.3% to 26543.33. The Nasdaq gained 0.3% to fresh...

Dollar declines on existing homes sales fall US stock market edged higher on Monday on mixed data after reopening following Easter Holiday. The S&P 500 added 0.1% to 2907.97 as the Chicago Fed national activity index rose to negative 0.15 in March from negative 0.31 in February. Dow Jones...

Preparing for the meeting of the Bank of Mexico In this review, we suggest considering the personal composite instrument (PCI) “Silver vs. MXN”. It reflects the price dynamics of silver against the Mexican peso. Will the XAGMXN rise? Such dynamics indicate an increase in silver prices and the...

Preparing for a new Brexit vote On Tuesday, March 12, 2019, the House of Commons may vote on terms of the UK’s exit from the European Union. Is there a possibility for a big EURGBP change? Such dynamics indicate the weakening of the euro and the strengthening of the British pound. On March 11...

New facts of the slowdown in Chinese economy In this review, we suggest considering the personal composite instrument (PCI) “&CNHJPY”. It reflects the price dynamics of the Chinese yuan against the Japanese yen. Will the CNHJPY fall? Such dynamics are observed in case of the weakening of the...

There is a progress in US-China negotiations Progress in US - China trade negotiations provoked an increase in global stock indices. Quotations for Nikkei will increase or not? Chinese President Xi Jinping said that the US-China trade negotiations will continue this week. He expressed the hope...

Strong labor market data bullish for SP500 US new jobs grew and worker compensation remained at 10-year high in September. Will the SP500 recovery continue? Recent US economic data were positive: the employment cost index remained at 2.8% over year in September, a 10-year high. Private sector...

EURUSD. Reports Wednesday October 24 confirmed that the economic slowdown which has been plaguing the countries in Southern Europe is moving north. The German Manufacturing PMI (M/M) was down to 45.7 from 47.4 last month. The Services PMI slipped to 49.3 from last month's 49.7. Continuing, the...

British MPC Meeting Minutes revealed that another member of the MPC, Martin Weale, voted in favor of rate hike. This added pressure raises the chances of a rate hike sooner than later, but it’s important to note that the meeting was held well before the horrible GDP figure. Is this a chance to...

The euro declined to a fresh 8-month low against the dollar on Thursday, breaking below the 1.3586 post-U.S. jobs data low made last week after the release of fourth-quarter GDP data for Germany and the eurozone, which came in below the economists' predictions and cast doubts over the pace of...