CalculatedRisk @ February 28, 2011 # Comments Off
By request …
• From the NY Times: Libya Wages Counterattack Against Rebels on 3 FrontsColonel Muammar el-Qaddafi’s forces struck back on three fronts on Monday, using fighter jets, special forces units and regular army troops in an escalation of …
larrygreenberg @ February 28, 2011 # Comments Off
Very little net movement in either long- or short-term interest rates occurred during the four weeks of February. The dollar on balance performed even more weakly than in January, and stocks did better, preserving a long-established tendency for …
CalculatedRisk @ February 28, 2011 # Comments Off
This is one of several industry specific indexes I track each month.
Click on graph for larger image in graph gallery.
The index declined to 100.2 in January, barely indicating expansion.
More “Blame it on the snow!”
Unfortunately the data for t…
larrygreenberg @ February 28, 2011 # Comments Off
Canadian real GDP expanded 3.3% at an annualized pace last quarter, accelerating from annualized growth of 2.0% over the previous two quarters. GDP was 3.2% higher than in the final quarter of 2009 and recorded similar average growth in calendar …
larrygreenberg @ February 28, 2011 # Comments Off
Retail purchasing manager survey readings revealed a significant setback in February. Only readings above 50 constitute expanding activity, and February’s score of 49.9 was 5.9 points less than the reading in October. Such breaks a st…
CalculatedRisk @ February 28, 2011 # Comments Off
From the Dallas Fed: Texas Manufacturing Activity Picks UpTexas factory activity increased in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing co…
ForexBlogger @ February 28, 2011 # Comments Off
EUR/USD rose today on the speculation that the Federal Reserve will maintain stimulus. The currency also rose as personal spending slowed and pending home sales declined more than predicted. The rally may slow as …
CalculatedRisk @ February 28, 2011 # Comments Off
• From the Chicago Business Barometer™ Grew: The overall index increased to 71.2 from 68.8 in January. This was above consensus expectations of 68.0. Note: any number above 50 shows expansion.
“EMPLOYMENT continued to show expansion;”. The employ…
Kathy Lien @ February 28, 2011 # Comments Off
I was on the Business News Network this morning talking about the outlook for the U.S., Canadian and Australian dollars along with the big events for the forex market this week. Click on the image to access the video.
CalculatedRisk @ February 28, 2011 # Comments Off
The BEA released the Personal Income and Outlays report for January:
Personal income increased $133.2 billion, or 1.0 percent … Personal consumption expenditures (PCE) increased $23.7 billion, or 0.2 percent.
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Real PCE — PCE adjusted to remove p…