<ul><li>Prior month housing starts 1.359M </li><li>Housing starts November 1.560 million versus 1.360 million estimate. Big jump</li><li>Building permits 1.460 million versus 1.465 million estimate</li><li>Housing starts MoM +14.8% versus +0.2% last month (was 1.9%)</li><li>Building permit
Blogs
Fund Managers anticipate economic soft landing in 2023, switching from cash to equities
<p>A snippet on Bank of America's most recent monthly Global Fund Manager Survey (FMS)</p><ul><li>fund managers are the ‘most upbeat’ since Jan' 2022 … “December FMS investor sentiment improved to its least bearish level since January 2022"</li><li>managers are anticipating an economic soft l
Japan's government is raising its assumptions for budget interest rates much higher
<p> Japan's government will raise its long-term interest rate estimate, used to compile the state budget, to 1.9% for the next fiscal year from the current year's 1.1%</p><ul><li>the higher estimate reflects rising Japanese government bond yields on expectations of a near-term exit from ultra-loose monetary policy&
Asian Economic Calendar: Key Events for 20 December 2023 – PBOC interest rate decision due
<p>The PBOC's Loan Prime Rate (LPR) is the focus for the session:</p><ul><li>Its an interest rate benchmark used in China, set by the People's Bank of China each month.</li><li>The LPR serves as a reference rate for banks when they determine the interest rates for (primarily new) loans issued to their c
Trade ideas thread – Wednesday, 20 December, insightful charts, technical analysis, ideas
<p>Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: </p> This article was written by Eamonn Sheridan at www.forexlive.com.
Oil – private survey of inventory shows headline build vs. draw that was expected
<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.</p><p>–</p><p>Expectations I had seen centred on:</p><ul><li>Headline crude -2.3mn barrels</li><li>Distillates +0.5 mn bbls</li><li>Gasoline +1.2 mn<
Forexlive Americas FX news wrap: USD/JPY gives some back
<ul><li><a href="https://www.forexlive.com/news/canada-cpi-inflation-for-november-yoy-31-versus-29-estimate-20231219/">Canada CPI inflation for November YoY 3.1% versus 2.9% estimate</a></li><li><a href="https://www.forexlive.com/news/us-housing-starts-for-november-1560m-vs-1360m-estimate-best-s
More from Reserve Bank of New Zealand Governor Orr – "its complicated …"
<p>Greg had the headline remarks from Reserve Bank of New Zealand Governor Orr earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/rbnz-gov-orr-inflation-remains-to-high-20231219/" target="_blank" rel="follow" data-article-link="true">RBNZ Gov. Orr: Inflation remai
Make it 9 days in a row for the Dow and the Nasdaq
<p>Make it 9-days in a row for the Dow and the Nasdaq. The Dow closes at a new record high once again. The S&P index is only up 8 of 9 days, but is now within about 0.75% of an all-time high close. </p><p>The final numbers are showing:</p><ul><li>Dow industrial average rose 251.90 points or 0.68% [&hellip
New Zealand December Consumer Confidence rises to 93.1 from 91.9 in November
<p>ANZ New Zealand survey of consumer sentiment improves.</p><p>The move higher for consumer confidence, although still below 100 and note pessimistic is not the only item of encouragement in the report. </p><p>As part of the survey is a question about inflation expectations. These dropped from 4.6% to 3.9%, in the mon