Its a slow Monday night. I went to http://www.fxstreet.com/fundamental/economic-calendar/ to look at the FX economic calender. Nothing much to see beyond the US consumer credit. Then I saw that fxstreet allow public to link their economic calender to website so decided to give my readers some more feed
Went to get the code and link in to my blog, titled "FX economic calender" It shows all the countries economic data for the day and its impact on the FX market if any.
Finally saw the figures from the US consumer credit, down to 5.2b from 6.9b. This shows that consumer is not keen to spend and this will most likely lead to a slowdown in retail sales. Once internal consumption drops, its more evidence to show US economy no matter what the Fed official or the white house say, is in recession. Already this week we see many US officials saying that US is in or going to a recession.
Remember my earlier posting, we are 2 week into the April and 2 weeks away from FOMC meeting (the all important interest rate annoucement)
1 comment:
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