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US 10-year yields are now 0.1 basis points higher on the day at 4.55%. Earlier, they had fallen as low as 4.48% but have now turned around, despite the pain in equity markets.US 10y yields dailyThese moves in bonds are deeply troubling.What I (and many) expected...

> Dallas Fed services outlook -8.6 vs -2.7 prior Dallas Fed survey of Texas services <!--> Adam Button Tuesday, 26/09/2023 | 14:31 GMT-0 26/09/2023 | 14:31 GMT-0 --> <!--> Prior was -2.7Revenue index +8.7 vs +16.2 prior ADVERTISEMENT - CONTINUE...

US new home salesPrior was 714K (revised to 739K)Sales down 8.7% m/mPrior sales +4.4% (revised to +8.0%)US home sales have been recovering for months but the recent jump in interest rates is a big problem that should bite hard in September and October (if it...

Richmond Fed mfg index breaks a string of 17 declinesPrior month -7.0Richmond Fed composite manufacturing index 5.0 versus -7 last month. The gain breaks a string of 17 consecutive declines.Services index 4 verses 4 last monthShipments 7 versus -5 last monthEmployment...

> US September consumer confidence 103.0 vs 105.5 expected US consumer confidence from the Conference Board <!--> Adam Button Tuesday, 26/09/2023 | 14:00 GMT-0 26/09/2023 | 14:00 GMT-0 --> <!--> Prior was 106.1Details:Present situation index 147.1 vs...

GDP forecast to +0.8% from 1.4%, according to Reuters citing sources familiar2024 to be lowered to 1.0% from 1.5%There was a brief moment this year when Italian GDP was defying forecasts but it looks like that chapter has closed. If there's any good news is that the...

The major US stock indices are raising their gains from yesterday when the Dow rose 43.04 points, the S&P rose 17.40 points and the NASDAQ and dextrose 59.51 points. Today, the snapshot of the market 6 minutes into the open is showing:Dow Industrial Average down...

Treasury yields are starting to tick higher but are still down on the day. Today's dump in stocks looks more like a delayed reaction to the rout in bonds yesterday combined with uneven flows as we head towards quarter end.In any case, S&P 500 futures are down 30.0...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Data from the FHFA:Prices m/m +0.8% vs +0.3% prior (revised to +0.4%)Prices y/y +4.6% vs +3.1% prior (revised to +3.2%)Note that these numbers are from July, before the latest jump in interest rates. We're still waiting on the similar data set from CaseShiller, which...

Prior was -13.1Firm-level business activity -5.5 vs -0.5 priorNew orders -9.2 vs -16.0 priorFull-time employment +6.4 vs +8.1 priorWage and benefit cost index 40.3 vs 33.7 priorThis is a mixed bag with the headline worsening but new orders improving.MoneyMaker FX EA...

US Consumer ConfidenceThe US economic calendar heats up today and it may be the last busy day for awhile with the potential of a US government shutdown on October 1. That would stall the publication of federal statistics.As for today, we get the Philly Fed...

Headlines:Markets:EUR leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.4%US 10-year yields down 4.3 bps to 4.498%Gold down 0.2% to $1,910.67WTI crude down 0.9% to $88.90Bitcoin down 0.2% to $26,229It was a quiet session for the most part,...