|PPI Input (q/q)||1.0%|
|Trade Balance||Feb 19 23:50|
What breaks the deadlock? The past week demonstrated that strong economic data isn't enough to sustainably boost any currency until the political fog clears. The yen was the top performer on the week while the pound lagged but the overall ranges were small. 1 of the 3 USD Premium trades was closed at a profit, leaving 2 USD trades in progress, 1 of which is in the green and the other in the red.
The US dollar is struggling but it shouldn't be. We look at why the dollar has been the worst performer in 2017. Stocks, bonds and currencies are sending different signals. The S&P 500 finished fractionally lower on Thursday after five days of records and a nearly 13% gain since the election. US 10-year yields are at 2.45% compared to 1.80% on election night. The mystery chart in the previous IMT is that of the gold bugs HUI.Read More...
Signs that better post-election confidence is beginning to translate into growth sent the US dollar initially higher but other questions reversed the move. The New Zealand dollar was the top performer while the pound lagged. The Australian jobs report is due up next. A new metals trade has been added to the Premium Insights, supported by three charts & details, bringing the number of commodity trades to three.Read More...
The Strongest & Weakest