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Weekly Indicators: more international weakness, more US strength edition

By: New_Deal_democrat

Monthly November reports included strongly positive industrial production and capacity utilization, but the Empire State manufacturing index contracted and the Philly index showed less expansion. The consumer price index fell -0.3%, a strong positive due to the reason. Read more

XE Market Analysis: Asia - Dec 19, 2014

By: XE Market Analysis

The dollar firmed up to end the week, while Treasuries and the equity market largely took a breather, and oil prices recovered to $57 on pre-weekend short covering. There was no data to drive the dollar on Friday, though following the post-FOMC wave of risk-on, USD bulls took charge, taking EUR-USD to new 2-plus year lows under 1.2225, and USD-JPY back over 119.50. Read more

International Economic Week in Review: Shifting International Flows, Edition

By: HaleStewart

The world economy has seen a tremendous amount of volatility over the last month from two groups of events. The most visible was OPEC’s decision to keep oil production at its current level. This sent oil prices lower, which led to a currency crisis in Russia. Read more

XE Market Analysis: North America - Dec 19, 2014

By: XE Market Analysis

The dollar traded firmer, underpinned by a widening in the currency's yield advantage, reaching new highs versus the yen and euro. USD-JPY led the way, extending to an eight-day peak of 119.50, with subsequent dips remaining shallow. The yen showed its usual inverse correlation with the Nikkei stock index, which closed with a solid 2.4% gain. Read more

XE Market Analysis: Europe - Dec 19, 2014

By: XE Market Analysis

USD-JPY extended gains as stocks continued to rally in Asia, which also benefited the AUD and NZD. USD-JPY climbed to an eight-day peak of 119.39, breaching above the 20-moving average at 118.79 and bringing the Dec-11 peak at 119.55 into scope. The Nikkei liked the yen's weakness, and posted a solid 2%-plus rally. Read more

XE Market Analysis: Asia - Dec 18, 2014

By: XE Market Analysis

The dollar was fairly steady, albeit at better levels through the N.Y. session on Thursday. Another sharp Wall Street rally buoyed the dollar and yields, as equity traders picked up where they left off post-FOMC on Wednesday. EUR-USD made it to within 20 points or so of is December trend low, basing at 1.2267. Read more

The important story told by real retail sales

By: New_Deal_democrat

Real retail sales is one of my favorite economic metrics.  Depending on how it is measured, it has value as a long leading indicator, a short leading indicator for jobs, a coincident indicator, and a mid-cycle indicator.  Let's look at each in turn. Read more

XE Market Analysis: North America - Dec 18, 2014

By: XE Market Analysis

The main dollar pairings mostly consolidated the gains seen after the FOMC announcement yesterday. EUR-CHF grabbed headlines as it spiked to a peak at 1.2096 from the 1.2010 area in early European AM trade after the SNB implemented a negative interest rate of -0.25% on sight deposits. Read more

XE Market Analysis: Europe - Dec 18, 2014

By: XE Market Analysis

The dollar has traded higher in the wake of the FOMC announcement and press conference, even though the Fed obscured its already convoluted statement by replacing the phrase "considerable time" with "patience" with regard the expected duration of easy policy. Read more

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