<ul><li>Proposal to hike bank capital requirements needs 'substantive changes' to address 'known deficiencies'</li><li>Says she is cautiously optimistic that policymakers can strike reasonable compromise on bank capital rule</li></ul><p>There's nothing here on monetary policy.</p
Blogs
Gold nears $2000 as higher bond yields weigh
<p>Gold has fallen to a one-month low as the market loses faith in imminent cuts from the Federal Reserve and other central banks. Today's US retail sales report underscored the point as the control group rose 0.8% compared to 0.2% expected.</p><p>Gold was flat coming into US trading but it's down $19 to $2008 now, break
US business inventories for November -0.1% versus -0.1% expected
<ul><li>Prior month -0.1%</li><li>Business inventories -0.1% to $2548.9B</li><li>October -0.1% the same level reported last month</li><li>Inventories YoY were up 0.4% from November 2022</li></ul><p>Sales (November):</p><ul><li>Total value: $1,858.8 billion.</li&g
US January NAHB housing market index 44 vs 39 expected
<ul><li><a href="https://www.forexlive.com/news/us-december-nahb-housing-market-index-37-vs-36-expected-20231218/" target="_blank" rel="follow">Prior </a>was 37</li></ul><p>Details:</p><ul><li>Single family 48 vs 41 prior</li><li>Next six months 57
The China rout coiuld be a tremendous opportunity but it needs a catalyst
<p>The picture in Chinese stock markets is downright ugly after another 3.7% decline in Hang Seng today.</p><p>It's now trading at the lowest since October 2022 while the Shanghai Composite has broken the 2022 lows.</p><p>The market has lost faith in China as a global growth driver despite today's 5.2% GDP nu
Stocks lower as better retail sales send yields higher
<p>The stocks are opening lower after better retail sales have pushed up yields, especially in the shorter end. The market seems to like lower yields vs. better growth. Fed's Waller yesterday poured some cold water on rates moving lower sooner rather than later. The market is still focused on the idea that the Fed has […]
US December industrial production +0.1% vs 0.0% expected
<ul><li>Prior was +0.2% (revised to 0.0%)</li><li>Capacity utilization 78.6% vs 78.7% expected</li></ul><p>This is a decent result and comes after the terrible Empire Fed earlier this week. </p> This article was written by Adam Button at www.forexlive.com.
US dollar doesn't get much of a lift from retail sales
<p>The US dollar firmed after a strong retail sales report but not as much as you would expect.</p><p>USD/JPY rose about 20 pips but hasn't been able to break 148.00. EUR/USD is down 10 pips.</p><p>Those are some modest moves despite the retail sales control group at +0.8% compared to +0.2% expected and a positive
US December import prices 0.0% versus -0.5% estimate
<ul><li>Prior month import prices -0.4%. Prior month export prices -0.9%</li><li>Import prices, 0.0% versus -0.5% estimate</li><li>Import prices YoY -1.6% vs -1.4% last month</li><li>Export prices, -0.9% versus -0.6% estimate</li></ul><p>Details of import prices:</p><ul>&
HSBC predicts mixed performance for US dollar: strength to persist
<p>A note from HSBC on the US dollar, analysts at the firm note its strength, helped along by the Fed's "rapid hiking cycle". HSBC sees the dollar strength to slow, but persist, it "has not run out of gas yet".</p><p>The analysts project a mixed performance ahead:</p><ul><li>expect the do