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Currency rates are representative of the Bloomberg Generic Composite rate (BGN), a representation based on indicative rates only contributed by market participants. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News .
Bloomberg TV is a 24 hour global service offering business and financial related news with more than million daily spectators. It is owned by the mother company and is additionally accessible online at bloomberg.
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This page is part of archived content and may be outdated. Bloomberg Terminal As mentioned above the popular Bloomberg terminal is the main source of income of the corporation and a service with , current subscribers which amongst others include key strategic analysts, major forex and leveraged products trading corporations and private retail traders to mention a few.
Bloomberg Currency Part of the updates provided at Bloomberg. Construction spending gauges the level of construction activity in the United States. The Construction Spending report looks at both residential and non-residential construction.
The construction industry makes a significant contribution to the United States GDP in the form of investment expenditure as well as stimulus of industries related to building. Furthermore, since builders are unlikely to pour money into construction projects unless they feel the economy favors their investment, changes in business sentiment like this are usually quickly seen in construction figures. However, the report has little significance for market participants because of its untimely release.
By the time the report is announced other reports, such building permits and building starts have already provided similar information. The report headline is the percentage change from the previous month. The construction industry is a major force to the United States economy, even without including non-construction businesses that are tied to building, such as finance, the furnishing industry, appliance industry and other manufacturing.
Private Construction activity can be an effective indicator of business confidence. The ISM Manufacturing Survey is valued for its timeliness, and indeed, during waning boom cycles analyst point out that ISM tends to be one of the biggest market moving economic releases.
These components reflect sentiment towards inflation and labor conditions - two of the market's most significant health indicators. The headline figure is expressed as a diffusion index based on survey responses.
For each category production, new orders etc. The ISM manufacturing indicator is the aggregate of the results for all categories. Currency supplied by the Bank of Japan. The Monetary Base includes all banknotes and coins in circulation plus all currency held as deposits by the Bank of Japan. As an official measure of the Japanese money supply, the Monetary Base will show the immediate impacts of monetary policy actions and can give an indication into the future direction of inflation.
An expansion in the monetary base is generally inflationary while a decline will likely have the opposite effect. Measures changes in the selling prices of goods and services used by Euro-zone producers. Because producers tend to pass on higher costs to consumers as higher retail prices, the PPI is an early indicator of inflation.
A higher PPI, especially when combined with high figures for other measures of inflation, will make the European Central Bank more inclined to raise interest rates. A low or falling PPI is indicative of declining prices, and may suggest an economic slowdown. The Index headline is expressed as a month over month or annualized percentage change. The Euro-zone PPI excludes construction industry because it is vulnerable to seasonal price volatility that can distort index results.
Tracks monthly developments in the Australian services sector, condensing data into an overall boom or bust index. The composite index is based on the surveys for sales, new orders, employment, inventories and deliveries, compiled by American International Group. The AIG Performance of Service Index excludes industrial manufacturing sectors that tend to be volatile and seasonal, giving a clean picture of Australia's service sector that accounts for a majority of Aussie GDP.
The headline number uses a 50 baseline, where above 50 signifies growth, while a number below 50 shows a contraction in the services sector. Measures the monthly price change of New Zealand 's seventeen main commodity exports.
Given that the exports act as the driving force of New Zealand 's economy, changes in their prices can affect GDP and exchange rates. An increase in export prices may suggest a strengthening of the Dollar as foreigners pay relatively more for New Zealand 's exports. Conversely, falling export prices may indicate a decline in demand for New Zealand commodities; weakening the exchange rate. The headline value is the percentage change in the index from the previous month. Because the figure measures price changes in commodity goods, it acts as an early indicator of price changes.
As such an early indicator the figure is useful in predicting future price direction. The number of domestic building permits granted for the month. Strong growth in new approvals and permits indicates a growing housing market. Because real estate generally leads economic developments - housing tends to thrive at the start of booms and wane at the onset of recession - the figure can be used with others to forecast future growth in the economy as a whole.
For this reason Business Approvals is one of eight components used to construct the Conference Board Leading Index, a widely used index to forecast Australia 's economic course. A strong housing market also tends to lead consumer spending. The headline number is the seasonally adjusted percentage change in new building approvals from the previous month. The total value of goods and services sold each month at retail outlets.
The report acts as a gauge of consumption and consumer confidence. An increasing number of sales signal consumer confidence and economic growth, which would fuel the Euro-zone economy. However, higher consumption also leads to inflationary pressures, which results in economic instability. The headline is the monthly percentage change in retail sales.
Gauges demand for mortgage application in the US. Growth in mortgages suggests a healthy housing market. Due to the multiplier effect housing has on the rest of the economy, rising activity suggests increased household income and economic expansion.
Among the various indices measured in the survey, the purchase index and refinancing index most accurately reflect where the housing market is headed. The purchasing index measures the change in existing home sales in all mortgage applications, while the refinance index measures the mortgage refinancing activity in all mortgage applications.
Dollar volume of new orders, shipments, unfilled orders and inventories as reported by domestic manufacturers. Factor Orders is not a widely watched economic release.
The Advance Release on Durable Goods Activity reported one week earlier tends grab more market attention, given that durable goods make up more than half of factory orders. Factor Orders does provide a comprehensive look at the manufacturing sector. Specifically, the New Orders figure can act as a gauge of demand across industries while Shipments are indicative of supply. The Unfilled Orders and Inventory figures reconcile the balance between New Orders and Shipments; high Shipments are indicative of an excess of demand relative to supply, high Inventories signal an excess of supply over demand.
Figures are reported in billions of dollars and also in percent change from the previous month. The value of orders placed for relatively long lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.
Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of U. Durable Goods are typically sensitive to economic changes. When consumers become skeptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship.
Conversely, when consumer confidence is restored, orders for durable goods rebound quickly. The data is highly volatile as well, some volatility is eliminated with the Durable Goods Orders excluding Transportation figure, making it the more closely watched indicator. The headline figure is expressed as a percentage change from previous months. France's Cac rose 0. In the 10 year note market: Near the close for the day, the 10 year yield is now up The 30 year yield is up Strong economic data and now some hawkish comments from Fed's Powell is the catalyst.
Below is a snapshot of the changes and ranges. Note the yield curve also steepened by 5. That is a big change. In the forex market, the US dollar is ending the day and the NA session sharply higher.
Fundamentally, there are a number of catalysts:. That is a big move. Moreover, they want to lead the charge to invoke change on a national level. Think the increase in costs for small businesses and its impact on prices. Markit PMI services came in at That was the best reading since New orders rose to Yikes that was good.
Powell said at the end of the day that the Fed may raise rates past neutral. That has pushed the USD even higher in the last hour of the day Below is a snapshot of the strongest and the weakest. The biggest dollar gains are vs. The dollar is king today. Looking at the 4-hour chart of the EURUSD, the low in the last flush lower at the end of the day stalled at a lower trend line.
Looking at the daily chart, the price fell back below a broken trend line and is probing toward the low for the year reached in September at 0.
A break below could see more of a scoot lower in the pair. Looking at the hourly chart, the pair fell to a lower trend line, tried to stall the fall, but could not muster much momentum.
The underside of the trend line comes in at 0. Stay below is more bearish. In other markets near the US session close shows: The higher dollar helped to contribute to the lower level In the US stock market today, the major indices closed higher, but well off the highs.
USD still gaining welcome to the twilight zone This is the time of scarcest liquidity for the 24 hour forex cycle. If you are after a catalyst, scroll back on forexlive and find the comments from Fed head Powell.
USD still gaining welcome to the twilight zone https: This is the time of scarcest liquidity for the 24 hour forex cycle. Trade ideas thread - Thursday 4 October Good morning, afternoon and evening all.
Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: Trade ideas thread - Thursday 4 October Eamonn Sheridan. Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:.
Measures capital expenditure capex by all Japanese industries except the financial industry. It is the key gauge for inflation in Switzerland.
Durable Goods are expected to last more than three years. The figure acts as a significant indicator of the region's economic activity, particularly because it is released earlier than the GDP.