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NAB Business Confidence jumped to +19

The business conditions index jumped 6pts to a strong +19 index points, which is well above the long-run average of +5 index points. According to Alan Oster, NAB Group Chief Economist “The large rise in the NAB Monthly Business Survey…

USD shows mixed performance at the beginning of the week

The dollar is turning in a mixed performance against its major rivals Monday afternoon, but remains little changed overall. The lack of U.S. economic data is keeping a number of investors on the sidelines at the start of the new…

UK wage pick-up bolsters case for rate rise - BoE's Vlieghe

Signs that British wages are beginning to grow more quickly, along with ongoing global economic strength, have bolstered the case for higher interest rates, Bank of England policymaker Gertjan Vlieghe said on Monday. Vlieghe said there was “increased evidence that…

Euro rebounding in a quiet Monday trade

There were no data releases from Eurozone today. The EURUSD bearish run seems to be showing signs of tiredness as the pair seems to have found some support in the mid 1.22s region over the last couple of days. This…

China January new loans surge to record 2.9 trillion yuan, blow past forecasts

China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While…

USD - Major events in the week ahead

Events that marked the week: On Monday ISM Non-Manufacturing PMI data was published. The NMI® registered 59.9 percent, which is 3.9 percentage points higher than the seasonally adjusted December reading of 56 percent. This represents continued growth in the non-manufacturing…

UK Industrial Production down more than expected

In the three months to December 2017, the Index of Production was estimated to have increased by 0.5% compared with the three months to September 2017, due to a rise of 1.3% in manufacturing; this was partially offset by a…

French Industrial Production increased by 0.5%

In December 2017, output grew slightly in the manufacturing industry (+0.3% after −0.8% in November). It increased in the whole industry (+0.5% after −0.3%). Output increased sharply over the last quarter of 2017 in the manufacturing industry (+2.5%) as well…

China CPI up by 1.5% in January

China’s consumer inflation cooled to 1.5 percent in January, in line with economists’ forecasts, official data showed on Friday. The consumer price index (CPI) had been expected to moderate from a 1.8 percent gain in December. The producer price index

Australian Home Loans fell by 2.3%

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.1%. Owner occupied housing commitments rose 0.1% while investment housing commitments fell 0.5%. In seasonally adjusted terms, the total value of dwelling finance commitments…

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