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Weekly Indicators: best jobless claims report in 7 years edition

By: New_Deal_democrat

Monthly June data included weakly positive retail sales and industrial production, and improving Empire State manufacturing. Capacity utilization declined slightly. University of Michigan consumer sentiment declined. There was a "hot" reading of producer prices. Read more

International Week in Review: Hey, We're All Still Growing Moderately, Edition

By: HaleStewart

Let’s start this week on the far side of the globe, with Australia and Japan, largely because the news flow was light. For Japan, the big event was the BOJ keeping interest rates at .1%. They also released their latest meeting minutes, which had the following commentary regarding the consumer’s observed snapback from the recent sales tax increase: Private consumption remained resilient as a trend with improvement in the employment and income situation, although a subsequent decline in demand following the front-loaded increase prior to the consumption tax hike had been observed. Read more

XE Market Analysis: Asia - Jul 18, 2014

By: XE Market Analysis

The dollar posted gains in morning trade, taking EUR-USD to trend lows of 1.3492 from opening levels over 1.3530. USD-JPY moved up from 101.30 to highs near 101.45. Slightly softer Michigan sentiment and leading indicators had little impact on the market. Read more

US Economy On Target For Better 2Q Growth

By: HaleStewart

The huge revision to 1Q US GDP growth took everyone by surprise. While most analysts (including myslelf) attributed the miss to weather related issues, others voiced the opinion that the number indicated the economy was clearly slowing. However, looking at the data released over the last few months indicates the US is on track to print a better 2Q GDP report. Let's start by looking at the four main coincident indicators -- industrial production, total non-farm employees, trade and manufacturing sales and income less transfer payments. I've made the trough of the recession the "100" for all of the main coincident indicators. Read more

XE Market Analysis: North America - Jul 18, 2014

By: XE Market Analysis

The dollar was near net unchanged into the New York open against the euro, yen and other currencies. EUR-USD logged a new low of 1.3512 in Asia before turning firmer in early Europe, reaching the 1.3530-35 area before settling. The Jun-5 low at 1.3503 remains unchallenged amid talk of big buying interest at 1.3500 from reserve managers. Read more

XE Market Analysis: Europe - Jul 18, 2014

By: XE Market Analysis

The USD and held firm amid a general risk-off backdrop following yesterday's news of the Malaysian airline downing over Ukraine, with Isreal's action in Gaza adding to the theme. EUR-USD logged a fresh low to 1.3512, subsequently recovering to the 1.3525 area, leaving the Jun-3 low at 1.3503 untroubled. Read more

XE Market Analysis: Asia - Jul 17, 2014

By: XE Market Analysis

The dollar dipped after softer housing starts, but nearly in-line jobless claims data, though later, the news of the Malaysian Airlines 777, potentially shot down over the Ukraine caused some safe haven dollar and yen buying. EUR-USD bounced to 1.3535 after the data, though later edged under 1.3520. Read more

XE Market Analysis: North America - Jul 17, 2014

By: XE Market Analysis

The USD maintained a firm tone against the EUR and other European currencies, but softened against the JPY, and was mixed against the AUD and NZD. EUR-USD logged a one-month low at 1.3520 just ahead of the London open, subsequently steadying around 1.3530-35. Read more

XE Market Analysis: Europe - Jul 17, 2014

By: XE Market Analysis

The USD gained versus the EUR but ebbed against the JPY, which firmed despite generally bullish stock markets in Asia. EUR-USD clocked a new low of 1.3520, drawing closer to the Jul-5 low at 1.3503. The Fed's Beige Book found that economic expansion has continued in all districts, noting some shortages of skill labour. Read more

XE Market Analysis: Asia - Jul 16, 2014

By: XE Market Analysis

The dollar posted modest gains through the N.Y. session on Wednesday, with EUR-USD printing one-month lows of 1.3522, and USD-JPY one-week highs of 101.79. Incoming U.S. data was mixed, with headline PPI a bit hotter than forecasts, and industrial production a tad softer. Read more

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