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UK car output slipped in August from a year earlier, snapping a six-month growth streak-9.7% y/y in August according to data from the Society of Motor Manufacturers and Traders (SMMT)The lower result is attributed to manufacturers pausing production to prepare for a...

Australian retail sales date for August is due today. Earlier post:Via CBA, citing their proprietary data for their lower-than-consensus estimate:Retail trade rose by 0.5% in July, buoyed by spending around the FIFA Women’s World Cup, and following a 0.7% decline in...

Australian retail sales data for August is due today at 0130 GMT, which is 8.30pm US Eastern time:While the consensus is +0.3%, the range of estimates is wide at:-0.1% to +1.0% While the screenshot highlights the data as of high importance I'm not sure the release...

That's A LOT of cars! Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires:say that internal brake fluid leaks can cause an electrical short that could lead to a fireThe US National Highway Traffic Safety...

Chair of the Council of Economic Advisers, i.e. the White House economic adviser, Jared Bernstein: US economy facing headwinds from:possible shutdown, student debt restart, higher interest rates, UAW strike--US economy expected to keep going in 'a pretty good way'...

North Korean state media reporting on a speech from Kim Jong Un. The report says Kim's speech was given at the Supreme People's Assembly. At the gathering the rubber-stamp parliament has adopted an amendment to the constitution to formulate the country's policy on...

Nomura bumped its forecast for 2023 economic growth in China higher, to 4.8% from previously at 4.6%.Bank of America have dialled back the pessimism on China also. They have been touting improving domestic and investment demand and have now spotted a 'green shoot' in...

I posted yesterday on GS on the likelihood of multiple shutdowns ahead:The latest from GS is that they see the first shutdown as imminent:"A shutdown this year has looked likely for several months, and we now think the odds have risen to 90%” the most likely scenario...

The US dollar index (DXY) is closing at the highest levels in 10 months (end of November 2022). The dollar has risen 5 of the last 6 trading days. The biggest gainer for the USD was versus the AUD with a rise of 0.72%. The EUR (0.63%) and CHF (0.62%) were also solidly...

The major US indices are closing the session with mixed results in what was an up and down trading day. A snapshot of the closing levels shows:Dow industrial average -68.56 points or -0.20% at 33550.33S&P index rose 0.99 points or +0.02% at 4274.53NASDAQ index...

Australian retail sales is listed as high impact (see screenshot below). Dunno 'bout that. The release might shift AUD/USD a few tics if we're lucky. A beat will lend AUD a bid, a miss and the offer should prevail. Fo a few tics at least. This snapshot from the...

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,...

DXY dailyGoldman Sachs suggests that investors should consider fading (i.e., going against) any US Dollar (USD) weakness that might arise due to a potential US government shutdown. The firm provides multiple reasons, from both historical and economic perspectives, for...

The Nasdaq has stormed back and is now trading up 0.5% after earlier touching the lowest since June. It's an unexpected turnaround given that Treasury yields have barely budged from the highs.We're dealing in some turbulent waters at the moment as quarter-end flows...