The euro is flat on Wednesday, putting the brakes on a nasty four-day slide. EUR/USD dipped below the 1.09 line in the Asian session before recovering. ECB’s Panetta warns about stagflation Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. I’m not sure if ECB President […]
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US durable goods orders rose 0.2% mom to USD 286.6B in October, below expectation of 0.4% mom. Ex-transport orders rose 0.1% mom to USD 189.5B, below expectation of 0.2% mom. Ex-defense orders rose 0.4% mom Read more…
US initial jobless claims fell -2k to 213k in the week ending November 23, below expectation of 220k. Four-week moving average of initial claims fell -1k to 217k. Continuing claims rose 9k to 1907k in Read more…
USDJPY extends fresh bearish acceleration into second day and fell 1.1% during Asian / European trading on Wednesday. Increased demand for yen at the end of month as well as end fiscal year was the Read more…