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  • Article / 1 hour ago

    WCU: Commodity focus turns to Yemen

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodity focus turns to Yemen
    Yemen was the big story of the week as a Saudi Arabian-led coalition attacked Hauthi rebels, sparking fears of a spike in tensions between Shiite Iran and its Sunni neighbours and triggering sharp gains for oil and precious metals. Elsewhere, industrial metals lagged and the agricultural sector awaited a key report due next week.
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  • Squawk / 1 hour ago
    Head of Macro Strategy / Saxo Bank
    Denmark
    US economy grew 2.2% in the fourth quarter:

    The third estimate of Q4 GDP shows that the world's largest economy grew by 2.2% q/q (annualised) vs. 2.4% expected and unchanged from the second estimate a month ago.

    Following growth rates of 4.6% and 5% in Q2 and Q3 the economy slowed markedly in Q4 of last year, but the composition was quite good with personal consumption up 4.4% while government consumption dropped 1.9%. Investment (including inventories) rose 4.5% as did exports while imports rose a substantial 10.4%.

    While Q1 will likely also show slow(-er) growth I expect a pick-up in growth in Q2 and beyond as the impact from USD strength fades while personal consumption and (residential) investment should continue to be key drivers of growth.
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  • 26m
    fxtime fxtime
    The moral to the above imho is.......Never trust a BoE storyteller sorry governor!
  • Calendar event / 3 hours ago

    US 3rd estimate GDP

    forecast
    actual
    Med GDP
    +2.4%
    +2.2%
    Med Chain-Weighted Price Index
    +0.1%
    +0.1%
    Med PCE Price Index
    -0.4%
    Med Purchase Price Index
    -0.1%
    Med Real Final Sales
    +2.3%
    Med Core PCE Price Index( Ex Food/Energy)
    +1.1%
    Med Personal Consumption
    +4.4%
    Med Corporate Profits
    -3%
  • Article / 3 hours ago

    Here comes the boom?

    Head of Trading / The ECU Group plc
    United Kingdom
    Here comes the boom?
    Today we look at the prospects for a marked pick up in US (and ultimately UK) economic outperformance and thus the prospects for a re-acceleration of the USD in FX markets...
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