Economic Overview for May 22, 2015

22 May, 2015

The Growth for German GDP for the first quarter was driven by internal demand; which is the module most of the advanced economies looking to strength it .Expansion of +0.3% for the first quarter. However, for the internal consumption to exceed the net export for Germany economy needs more time to be internal driven economy. The Meeting minutes a Fed Open Market Committee released in Wednesday, many of the participants expressed their belief that it is unlikely to provide the data available in June confirmation enough to fulfill the conditions to raise (interest rates). The minutes of the meeting also showed that most participants expected to accelerate the growth of the US economy after slowing in the first quarter of the year and improved labor market conditions. But Fed officials also pointed to a number of concerns that occupy the central bank's thinking like disappointment that the decline in oil prices did not stimulate consumer spending as much as some had hoped, Meeting minutes show a Fed Open Market Committee with little concern about growth whereas Gross domestic product grew just 0.2%, even though they detailed a laundry list of weak spots that included industrial production, housing and investment.


Source link  
Inflation in Mexico set to rise on higher fuel prices

Mexico's inflation is likely to be boosted higher as the government announced that it would be hiking fuel prices by nearly one-fifth from January. The government said that fuel price ceilings will be capped between 14.2% - 20% above December's prices...

Regional manufacturing indexes point to a stronger ISM manufacturing PMI

The Institute of Supply Management's Purchase Managers Index data is one of the most widely watched indicators. It is considered to be a leading indicator which gauges the strength in the U.S. manufacturing sector...

USDJPY Trims Gains. Support Seen At 104 - 103

A fairly quiet Monday saw USDJPY retreating from its recent highs ahead of the big events this week. USDJPY has retraced its gains and now trades just above the support level of 104. The markets look to another slow day today with no major events on the tap, leaving the bulk of trading on the technical aspects...


Dollar Supported, Heading Into FOMC

A quiet economic calendar today ahead of the FOMC and BoJ meetings this week could keep prices fairly flat. The US dollar looks well supported moving into the FOMC meeting first which could keep the euro subdued...

EURUSD Remains Supported Above 1.110

The Bank of England's decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus...

GBPUSD Moving Closer To Test 1.32. USDJPY Aiming For 104

Political developments in Japan and the UK saw the respective currencies react in the positive. While the GBP managed to close bullish on news that Theresa May is likely to be the new PM...


GBPUSD could test 1.32 on the descending wedge

Markets were trading cautiously yesterday after the initial positive sentiment flipped led by declines in Oil. ADP payrolls report yesterday showed 172k jobs being added to a better than expected jobless claims as well...

EURUSD eyes 1.07 on a breakout below 1.10

Risk aversion resumed after the US returned from holiday with investor sentiment turning sour after a third real estate fund suspended trading after an increase in investor redemptions. Sterling slumped as expected, fueled by BoE lowering capital buffer requirements...

Gold hits 1350 as expected

Gold prices rallied early today testing the 1350 resistance as noted over the past few days. Further upside is likely to continue if price clears the 1350 handle which could keep gold testing 1371.90...

  


Share: