Forex News

Capex – QIV 2013 – Capital expenditure plans miss expectations

The headline data in today’s capex survey was disappointing, for both the QIV outcome and for the (more important)expectations component.

Economy Watch – Milking It

This morning’s data on cross-border merchandise trade and people movements were about as robust as expected.

Fed Rosengren: Labor Slack Says Be Patient Removing Monetary Stimulus

Despite the sharp decline in the most widely watched measure of unemployment, “significant” remaining labor market slack and an accompanying “absence” of inflation pressure call for

New Home Sales Defy Winter Weather

New home sales jumped to a 468,000-unit pace in January from an upwardly revised 427,000-unit pace in December. Inclement weather did not appear to slow down new home purchases.

Sweden: Soft Riksbank minutes

With the repo rate and rate path unchanged, the February policy meeting was largely a non-event. The minutes from the meeting that were published today were actually more of an event.

Higher unemployment

• LFS unemployment 3.6% in December slightly above forecast • Not an important indicator for Norges Bank- but if anything in line with its view

BOJ Ishida: Can Hit 2% CPI in 2nd Half of FY13 to FY15

Bank of Japan board member Koji Ishida on Wednesday repeated the official projection that Japan can achieve stable 2% inflation in the latter half of the BOJ’s economic forecast period from

Construction Work Done – QIV 2013

The volume of construction work done fell by a disappointing 1.0% over QIV. This fall followed an upwardly revised lift of3.0% in QIII (previously 2.7%.

Inflation surprised on the high side at the end of 2013. Underlying inflation was running at an annualised rate of 3% at yearend. Not surprisingly, the RBA has revised up its near-term inflation forecasts and

Fed Minutes: Less Easing Sentiment, No Discount Rate Cut Request

A slight tilt toward a firmer monetary policy – or at least less sentiment for additional monetary stimulus – is revealed in minutes of the latest Federal Reserve Board meeting on

IMF’s Lagarde: Despite Risks, See Econ Momentum in the Works

Despite continuing risks to the global recovery, especially high unemployment, the world’s major economies are beginning to gain momentum and policymakers seem to be on the right track,

Consumer Confidence Pulls Back in February

Driven by lower expectations of economic activity later this year, consumer confidence fell moderately in February to 78.1.