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Weekly Indicators: an economic Sharknado of news edition

By: New_Deal_democrat

In the rear view mirror, 2Q GDP came in at a strong +4%, better than almost all estimates, but in line with what these Weekly Indicators have suggested for several months. Median wages rose, but the YoY rate remained subdued. Monthly July data started off with a strong jobs report, but with a slight increase in the unemployment rate, and flat real hourly wages. Read more

International Week in Review: US Bounces Back Strongly Edition

By: HaleStewart

The best news of the week came from the US, where we first learned the first quarter GDP contraction was a weather-related slowdown. 2Q GDP printed at 4%. In addition, the economy added 208,000 jobs, which was the sixth straight month of 200,000+ numbers. Read more

XE Market Analysis: Asia - Aug 01, 2014

By: XE Market Analysis

The July jobs report modest NFP miss prompted some dollar selling in N.Y. dealings on Friday. EUR-USD ended up near 1.3445 after posting lows of 1.3385, as USD-JPY slipped under 102.35, after touching 103.07 highs. Other U.S. data releases were mixed, with the July manufacturing ISM coming in better than forecasts, personal income rising, and June construction spending slipping sharply. Read more

XE Market Analysis: North America - Aug 01, 2014

By: XE Market Analysis

EUR-USD and USD-JPY maintained narrow ranges ahead of today's U.S. jobs report showstopper, while GBP-USD dropped to fresh lows following a sub-expectations manufacturing PMI print out of the U.K, which adds to recent signs that recovery momentum is coming off the boil, and AUD-USD carved out a fresh low following soft Australian PPI data.[EUR, USD]EUR-USD has remained heavy after Eurozone inflation data yesterday, which dipped to 0.4% in the flash July HICP measure, the lowest rate seen since 2009, though the market is stuck in a stasis ahead of today's U.S.. Read more

XE Market Analysis: Europe - Aug 01, 2014

By: XE Market Analysis

Both trade and direction were limited in the pre-European Asian session by the proximity of the U.S. payrolls release later today. EUR-USD stuck near to the 1.3385-90 area, leaving yesterday's 1.3371 low and Wednesday's eight-month nadir at 1.3367 untroubled while at the same time lacking the muster to test 1.3400, which capped yesterday. Read more

XE Market Analysis: Asia - Jul 31, 2014

By: XE Market Analysis

The dollar started the Thursday session on a firmer footing, though as Wall Street was crushed on Fed tightening concerns, it later gave back some of its gains. Firmer ECI data along with a sub-par Chicago PMI outcome dented risk taking sentiment, while weekly jobless claims rose, but were in line with expectations. Read more

Japanese Industrial Production Is Sending Concerning Signals

By: HaleStewart

While not the most prominent indicator used in the Conference Board's leading index for Japan (it only accoounts for 9% of the index), industrial production is still a very important indicator of current current business activity. Unfortunately, as the charts from the latest report show, this indicator is sending concerning signals about the health of the Japanese economy. Read more

XE Market Analysis: North America - Jul 31, 2014

By: XE Market Analysis

The dollar extended post-GDP gains against sterling and the Aussie dollar, though remained below yesterday's peaks versus the euro and yen. News that Argentina is heading for a default didn't have much impact on the main currencies, while a dip in Eurozone inflation figures didn't surprise after the soft German and Spanish data of yesterday. Read more

XE Market Analysis: Europe - Jul 31, 2014

By: XE Market Analysis

The dust settled after yesterday's USD surge on the solid U.S. GDP print. EUR-USD flat-lined in the high 1.33s after making a 1.3367 eight-month low yesterday. The drop came concomitantly with a dip in the 10-year Bund over T-note yield differential, which sank to near major-trend lows around -138 bp. Read more

XE Market Analysis: Asia - Jul 30, 2014

By: XE Market Analysis

The dollar rallied after a decent ADP jobs survey, and a much stronger first look at Q2 GDP. EUR-USD fell from near 1.3400 to trend lows of 1.3367 after the data, and stayed down into the FOMC announcement. USD-JPY rallied to nearly three-month highs, topping out at 103.01 ahead of the Fed. Read more

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