... from the IDEApro Suite
[USD] US Recap: New Home Sales Down -14.5% M/M
[USD] Recap: The March Commerce Department new home sales report revealed an overall decrease in the headline measure to 384k (-14.5% a m/m basis), lowest since July 2013, versus the revised 449k reading that occurred in February (prev. 440k), well below market expectations for a 450k result. Overall, decreases were seen in 3 of 4 measured regions, highlighted by decreases in the Midwest (-21.5%), South (-14.4%) and West (-16.7%), partially offset by upward pressure in the Northeast (+12.5%). Meanwhile, the supply of new homes pushed higher to 6.0 months in March (up from 5.0 months). Meanwhile, the median price pushed higher on a m/m basis to $290.0k (+11.2% m/m, +12.6% y/y), versus the $260.9k reading seen in February. IDEA: despite the overall weakness seen in recent months, we expect new home sales will find greater support over the course of 2014, despite likely volatility stemming from the impact of higher mortgage rates.
4/23/2014 2:09:03 PM
[USD] DJIA/S&P 500 Index Technical Updates
[USD] DJIA/S&P 500 Index Technical Updates.
4/23/2014 12:57:51 PM
[INT] Today's news and rumors
[INT] For today's news and rumors please see below
4/23/2014 11:28:16 AM
[GBP] Softer CBI total orders, biz optimism strong
[GBP] The overall tone of the latest CBI industrial trends survey turns out to be mixed, with the Apr manufacturers total order books balance recording a -1 print down from +6 in Mar and vs the market consensus expectation of + 7. Despite this, the output expectations balance soars to +32 in Apr (highest since Sep) from +19 in Mar, which is puzzling and probably reflects in part the impact of a sharp reduction in the pace of inventory accumulation.
4/23/2014 10:58:24 AM
Visit the I.D.E.A. TimeMachine for more IDEA Analysis
IDEAglobal TV, Videos & Media
IDEAglobal has published the 2014 Q2 FX Outlook|
USD bulls: IDEAglobal would argue that the change in the Fed balance sheet is more important for the USD than the outstanding size of the Fed balance sheet. Chart 1 shows that when the balance sheet expansion ebbed in 2011, the USD gained ground. This could be a function of Fed flows partially seeping abroad, but also that slower new flows reduce the increase in global risk taking. As the Fed tapers its bond purchases through 2014, we would expect this factor to gain momentum and help the USD rise....
For the full quarterly FX report please e-mail email@example.com
IDEAglobal launches an improved and enhanced version of Global Rates portfolio on Reuters
IDEAcarbon launches worlds first carbon credit ratings service
IDEAglobal Tops 1st Quarter Currency Survey
IDEAglobal & Reuters
Seminar in Singapore
Professor Lord Desai has joined the IDEAglobal Advisory Board
IDEAglobals focus is to provide independent, forward-looking actionable research on the global financial markets twenty-four hours a day.
The IDEAfirst Team
Meet the individuals who produce our market moving insights.
About IDEA Morning Briefings
The flagship of IDEAglobal: our indispensable daily faxes. From Asia to North America, we deliver the professional key analysis every business day.