US Real Estate

Gold steady ahead of Fed minutes, Treasury currency report

Gold has posted slight gains in the Wednesday session. In North American trade, the spot price for one ounce of gold is $1227.24, up 0.19% on the day. On the release front, construction indicators missed the forecasts. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. ...

GBP/USD – British pound dips on soft CPI

GBP/USD has lost ground in the Wednesday session, erasing the gains seen on Tuesday. In North American trade, the pair is trading at 1.3132, down 0.39% on the day. On the release front, British CPI dropped to 2.4%, shy of the estimate of 2.6%. In the U.S, construction indicators missed the forecas ...

USD/JPY – Japanese yen edges higher, investors await Fed minutes

The Japanese yen has posted slight gains in Wednesday trade. In the North American session, the pair is trading at 112.04, down 0.20% on the day. On the release front, construction indicators missed the estimates. Building Permits ticked up to 1.24 million, shy of the estimate of 1.27 million. Ho ...

GBP/USD – British pound pushes above 1.32 as wage growth rises

GBP/USD has gained ground in the Tuesday session. In the North American session, the pair is trading at 1.3198, up 0.34% on the day. On the release front, the focus was on British job numbers. Wage growth climbed 2.7%, edging above the estimate of 2.6%. The unemployment rate remained unchanged at 4 ...

USD/CAD – Canadian dollar higher on stronger business optimism

The Canadian dollar has posted gains in the Tuesday session. Currently, USD/CAD is trading at 1.2950, down 0.31% on the day. On the release front, Canadian Foreign Securities was dismal, with a gain of just C$2.82 billion. This was much smaller than the estimate of C$10.05 billion. In the U.S, ther ...

EUR/USD – Euro shrugs off dismal German ZEW Economic Sentiment

EUR/USD is steady in the Tuesday session, after posting slight gains to start the week. Currently, the pair is trading at 1.1579, unchanged on the day. On the release front, German ZEW Economic Sentiment plunged to a level of -24.7, well below the estimate of -12.3 points. Eurozone ZEW Economic Se ...

Macro Briefing: 16 October 2018

Budget deficit for US surged to six-year high of $779 billion in fiscal 2018: APSaudis reportedly plan to admit that Khashoggi died during interrogation: CNNUS retail sales edged up 0.1% in Sep, well below economists’ expectations: CNBCFidelity launches cryptocurrency trading desk for institution ...

Just like 2008? Oil up, ECB tightening – all we’re missing is a credit accident

As we pass the 10-year anniversary of the Lehman default and we started thinking about what we were doing back in 2008 (desperately moving my savings out of certain banks was high on the list for me, whilst listening to MGMT and Los Campesinos; album of the year? TV On The Radio’s Dear Science), ...

Major Asset Classes | September 2018 | Performance Review

Broadly defined commodities led the performance horse race in September for the major asset classes. The return marked the first monthly advance for commodities since May, which was also the last time that raw materials writ large led the field. The Bloomberg Commodity Index jumped 1.9% last month, ...

Macro Briefing: 27 September 2018

Federal Reserve raises interest rates for 3rd time in 2018: CNNTrump criticizes Fed’s rate hike: CNBCFed estimates of US GDP growth for 2018 and 2019 tick higher: FedFed chief sees more rate hikes ahead thanks to strong economy: BloombergKavanaugh hearing set for today amid doubts and new allegat ...