Friday, December 23, 2011

Canadian GDP - slightly lower MoM Flat YoY comes with a bunch of US Data

Today December 23rd 2011 the GDP figures from Canada were released and the month-on-month figures was down -0.1 but the yearly figure was as expected. There was also Durable goods, PCE Core, Personal Spending and Income from the USA... market is quiet as Christmas approaches
The Headline Durable goods was up but this economic indicator can be very unpredictable, the core was slightly down as was the Personal Spending and Income

Here the figures:

Canadian GDP MoM
Estimages: Median +0.1%, Average +0.1%, Range -0.1% to +0.2%
Actual: +0.1% Prior: +0.2% No Revision
Canadian GDP YoY
Estimates: Median +2.7%, Average +2.7%, Range +2.6% to +2.9%
Actual: +2.7% Prior: +3.0% No Revision
US Durables ex Transporation
Estimates: Median +0.4%, Average +0.4%, Range -0.5% to +1.5%
Actual: +0.3% Prior: +0.7% Revised: +1.5%
US Durable Goods Orders
Estimates: Median +2.2% , Average +2.6%, Range -2.0% to +7.0%
Actual: +3.8% Prior: -0.7% Revised: 0.0%
US Cap Goods Orders Nondef Ex Air
Estimates: Median +1.0% , Average +1.1%, Range +0.4% to +2.0%
Actual: -1.2% Prior: -1.8% Revised: -0.9%
US Cap Goods Ship Nondef Air
Actual -1.0% Prior: -1.1% Revised: -0.8%
US Personal Income
Estimates: Median +0.2%, Average +0.2% , Range 0.0% to +0.4%
Actual: +0.1% Prior +0.4% No Revisions
US Personal Spending
Estimates: Median +0.3% , Average +0.3% , Range +0.2% to +0.6%
Actual: +0.1% Prior: +0.1% No Revisions
US PCE Deflator (YoY)
Estimates: Median +2.7% , Average +2.7% , Range +2.6% to +3.0%
Actual: +2.5% Prior: +2.7% No Revisions
PCE Core (MoM)
Estimates: Median +0.1% Average +0.1%, Range 0.0% to +0.2%
Actual: +0.1% Prior: +0.1% No Revisions
PCE Core (YoY)
Estimates: Median +1.7% Average +1.7%, Range +1.6% to +1.8%
Actual: +1.7% Prior:+1.7% No Revisions

Here some charts:

First USDCAD 30 second chart:

and the 30 second chart of CADJPy

the 30 second chart of the USDJPy to see the affect of the US data:

and the EMinis S&P 500 future 1 minute chart:

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