Last night we saw the NAHB Index published at 15 May 2008 1700 GMT or 16 May 2008 0100 local time.
The NAHB index assess the market for new single-family home sales plus builder expectations for future trends (for the US). Basically it tracks the residential real estate market in the US. The ability for families [...]
Posted on May 16th, 2008 by Soh Tiong Hum
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As a result, we have a rally in the EURO.
(IGM)The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP]…
The [GERMAN ECONOMY], at least, put in a storming performance in Q1, with [GDP] rising by a much bigger than expected 1.5% q/q vs a 0.7% consensus f/c and accordingly the y/y pace [...]
Posted on May 15th, 2008 by Soh Tiong Hum
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Interest rate decisions affect currencies in a big way. The Bank of England or BOE is the central bank of the United Kingdom. Its interest rates decisions naturally reflect the Sterling. On April 10, 2008, the BOE reduced the official Bank Rate to 5.0% from 5.25%.
According to the Bank of England, “The Bank sets interest [...]
Posted on April 12th, 2008 by Soh Tiong Hum
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This is a BIG economic indicator to watch out for. Firstly its content is very timely (preceding month) and secondly it is full of details about the job market and household earnings.
Last night we saw the:
unemployment rate
average hourly earnings
average weekly hours
non-farm payrolls (NFP)
Employment situation is generally announced at 8.30am ET on the first Friday of each month. Revisions [...]
Posted on April 5th, 2008 by Soh Tiong Hum
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