Daily News And Economic Overview USA Zone

[holyangel]

USA are the most powerfull economic country in this world. Almost 75% currency and another market instrument traded using US Dolar. That why learn about usa fundamental are really important, cause news thats released in USA will affect all the world economic.

 

Here we will discuss about daily USA Fundamental data and news

[holyangel]

U.S. Consumer Sentiment Slump In April

U.S. consumer sentiment dropped slightly in April following a blow in household spending by high gasoline prices, but optimism about the economic outlook still leaves hope for the consumer, based on the release of a survey on Friday.

 

Consumer sentiment index reported Thomson Reuters / University of Michiganedged down to a level of 75.7 in April from 76.2 the previous month. While someeconomists had forecast earlier if the index is still going to survive at the same level as in March.

 

"Consumers have high expectations still seems to be the occurrence of twoevents this economy, employment growth and an end to more sharp rally in fuel prices," said survey director Richard Curtin said in a statement. "There are at least still subdued expectations enough to dampen the disappointment of the time.

[ngocanhno110265]

Fed’s Bullard says change to QE would be an easing of policy stimulus, not an end to it

 

 

• US labour market is improving and expects it to continue to do so
  
• More optimistic that the majority of FOMC members that economy is improving and will continue improving
  
• Worry is inflation coming in lower than expected, would like to see inflation approaching target before any tapering of QE
  
• Does not see inflation turned around before June FOMC meeting
  
• Not surprised at recent market volatility after sharp rises in Japan
  

Speaking on CNBC

[ngocanhno110265]

Durable Goods Orders in U.S. Probably Rose in April After Slump

 

Orders for U.S. durable goods probably increased in April after falling by the most in seven months as companies invested in aircraft and capital equipment, economists forecast ahead of a report today.

The 1.5 percent gain in bookings for goods meant to last at least three years would follow March’s 6.9 percent decline, the biggest since August, according to the median forecast from 78 economists surveyed by Bloomberg. Orders excluding transportation equipment, which is a volatile component, may have risen 0.5 percent last month after dropping 2.9 percent in March

 

Quickening activity in the housing and auto industries may ripple throughout manufacturing, rendering the economy better able to recover from a slowdown this quarter. At the same time, government cutbacks, higher taxes on consumers and cooling exports are crimping demand, which means any rebound will be slow to develop.

“Manufacturing won’t fall off the cliff in the next six months, but I see it crunching along slowly,” said Jeffrey Herzog, a senior economist at Oxford Economics Ltd. in New York. “The main near-term risk is that the effects from the higher taxes or government spending cuts are stronger than anticipated.”

The Commerce Department will release the durable-goods data at 8:30 a.m. in Washington. Estimates (DGNOCHNG) in the Bloomberg survey ranged from a drop of 5.9 percent to a gain of 4.6 percent.

Aircraft bookings probably underpinned April’s rebound. Boeing Co. (BA), the Chicago-based aerospace company, said it received 51 orders last month, up from 39 in March.

 

Business Investment

Orders for non-defense capital goods excluding aircraft, considered a proxy for future business investment, picked up by 0.5 percent last month following a 0.6 percent drop in March, according to the median forecast of economists surveyed.

A pickup in manufacturing would stem a recent slowdown in inventory building that curbed activity. The Institute for Supply Management’s manufacturing index declined in March and April, falling to just above the 50 level that represents the dividing line between contraction and expansion.

The U.S. economy probably cooled in the second quarter, giving businesses a reason to reduce the amount of stockpiles they hold, according to economists surveyed by Bloomberg. The federal government has also slashed outlays under sequestration, and American earners are facing increased payroll taxes.

The weaker pace of growth is hurting manufacturers’ shares. The Standard & Poor’s Supercomposite Machinery Index has advanced 9.7 percent this year, compared with a 15.7 percent gain in the broader S&P 500.

Housing, Autos

In the second half of 2013, a faster expansion will probably give companies reason to spend more, supporting producers. Home construction is picking up, and automakers are boosting output.

“We see indicators which point towards strengthening economies,” Louis Chenevert, chief executive officer of United Technologies Corp. (UTX), said during an industry conference on May 21. Orders in the first quarter signal a rebound in the second half of the year, he said.

 

SOURCE: Bloombergs.com

[ngocanhno110265]

Currency War caused USD to soar - HSBC

 

 

HSBC Strategists believe that due to the ensuing currency war, the USD rally has further to run.

They believe that the currency war is getting bigger and more intense, drawing ever more protagonists into the fray. They feel that in part, this may be because of the success of those central banks who have already sought economic advantage through targeting their currency. Further, they see that the market has realised there is no point in fighting the central banks at this time, and the USD is the natural candidate to act as the offset to this desire for depreciation elsewhere. They write, “If anything, the risks are for even greater USD strength than we have pencilled into our new forecast profiles.”

So far, they note that Asia ex-Japan has largely not been involved in the currency war, but were the Yen to weaken substantially further, this could change. They believe that such an escalation of the conflict would boost the USD. In addition, their USD bullishness does not rely on an early tapering or end to US QE3, but if the Fed acted sooner than we expect then the USD would capitalise. The USD has already risen but this is just the beginning.

[affpro]

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