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Weekly Indicators: Real M2 and consumer spending weaken edition

By: New_Deal_democrat

The big monthly news for December was the unexpectedly poor payrolls report, but there is evidence that this was mainly a fluke due to poor weather. The workweek declined, which is a negative for the LEI. The unemployment rate declined, as the labor force declined. Read more

XE Market Analysis: Asia - Jan 10, 2014

By: XE Market Analysis

The dollar fell sharply and stayed down after the big jobs report miss, where the NFP print came in at just 74k, versus street consensus of around 200k. EUR-USD inched into lows of 1.3568 into the data, before rocketing to 1.3665 highs immediately afterward. Read more

Dollar Breaking Out Versus the Loonie on the Weekly Chart

By: HaleStewart

Above is a weekly chart of the USD/CAD. It shows a rounding bottom formation that started in the third quarter of 2009. Recently, prices broke through the 1.06-1.08 level where a fair amount of resistance remained from prints in 2009. So -- why the breakout? The central reason is the Fed's announcement that it will start to taper its bond buying program. Read more

XE Market Analysis: North America - Jan 10, 2014

By: XE Market Analysis

Sterling weakness following a disappointing batch of U.K. data provided the main movement in otherwise subdued pre-U.S. payrolls trade. EUR-USD consolidated around the 1.3600 mark and USD-JPY did likewise around its 105.00 level after lifting moderately during the Tokyo session. Read more

XE Market Analysis: Europe - Jan 10, 2014

By: XE Market Analysis

EUR-USD rebounded to levels around 1.3610-20 after making a six-week low of 1.3548 yesterday following solid U.S. data and dovish ECB press conference. EUR-JPY and EUR-GBP saw a similar price action. USD-JPY rose back toward 105.00 amid modest yen underperformance. Read more

XE Market Analysis: Asia - Jan 09, 2014

By: XE Market Analysis

The dollar rallied against the euro in the aftermath of decent U.S. initial claims data, though more so on the back of a dovish sounding Draghi. The ECB chief said that the central bank would keep rates at current or lower levels for an extended period. Read more

XE Market Analysis: North America - Jan 09, 2014

By: XE Market Analysis

The euro rebounded moderately amid the final countdown to the ECB announcement and press conference. EUR-USD made a 50-pip-plus run high from Asian lows on a pre-ECB announcement bout of position squaring as the risk of a dovish press conference has been discounted by the euro's decline over the last few sessions. Read more

Time to Take Profits In the GBP/USD Trade?

By: HaleStewart

Above is a chart of the GBP/USD. The pound rallied from July to January, increasing in value by about 18.5%. The reason for the pound’s rally was the increasing strength of the UK economy, while the US economy printed somewhat weaker numbers. However, over the last few months, the US numbers have been gaining strength. Read more

XE Market Analysis: Asia - Jan 08, 2014

By: XE Market Analysis

The dollar firmed up following the stronger December ADP employment survey, sending EUR-USD to recent lows under 1.3560, and USD-JPY back over 105.00. The stronger data spooked the equity and Treasury markets a bit, with the better data bringing fears of a quicker Fed taper back to the surface. Read more

Corporate profits for 2013 suggest a pullback for stocks in mid-2014

By: New_Deal_democrat

As I’ve mentioned previously, I very rarely comment on the direction or level of the stock market per se.  Typically I just discuss it in the context of being a short leading indicator for the direction of the economy. Read more


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