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Weekly Indicators: Q2 ends on a strong note edition

By: New_Deal_democrat

Monthly June data started out with a bang, as 288,000 jobs were added and the unemployment rate fell to 6.1%. Average hourly wages increased slightly. More vehicles were sold in June than in any time since before the Great Recession. The ISM manufacturing and services indexes both were down slightly. Read more

XE Market Analysis: North America - Jul 04, 2014

By: XE Market Analysis

EUR-USD came under fresh pressure, breaching yesterday's 1.3596 low and clocking a new one-week low of 1.3587 so far. The pair is once again declined concomitantly with a fresh widening in T-note v Bund yield differentials, which has pressed to a new cycle wide toward 137 bp, now over 10 bp up on levels seen earlier in the week. Read more

XE Market Analysis: Europe - Jul 04, 2014

By: XE Market Analysis

A quiet session in pre-Europe Asia without much in the way of fresh data or other leads, which left the market to digest the stellar U.S. jobs report yesterday, which has seen some analysts (Barclays, for instance) to remark that Fed hikes are now closer. Read more

XE Market Analysis: Asia - Jul 03, 2014

By: XE Market Analysis

The dollar has rallied on the strong payrolls report for June, which was replete with strong back revisions. EUR-USD has broken the week's low at 1.3640, triggering stops through 1.3635 and looks set for a test of 1.3600. We anticipate further widening in T-note over Bund yield differentials, and expect EUR-USD to eventually move in on the May low at 1.3503. Read more

XE Market Analysis: North America - Jul 03, 2014

By: XE Market Analysis

EUR-USD was little affected by Eurozone services data, which came in mixed at the national level and produced an unchanged 52.8 readings for both the final June pan-Eurozone services and composite readings. The euro has remained within a narrow ranged centred on 1.3655-60 with markets now look to the June ECB announcement and the U.S. Read more

XE Market Analysis: Europe - Jul 03, 2014

By: XE Market Analysis

AUD weakness on RBA-speak was the main theme in an otherwise quite session in pre-Europe Asia trade, with today's slate of risk events serving to quell market activity, which include the June ECB meeting, June Eurozone services and composite PMI figures, and the U.S. Read more

The Atypical Structure of the Current US Employment Situation

By: HaleStewart

Tomorrow we'll have the latest in our monthly installment of, "let's get realy excited about an economic statistic that will go through so many revisions as to make the initial release more or less meaningless." That being said, lt's take a look at the current US employment situation by looking at various statistical points. Let's start by looking at the U3 unemployment rate, which is the measure most people think of when they think about unemployment, and U6, which includes those who are maginally attached to the labor force and those who are working part-time for economic reasons. Read more

XE Market Analysis: Asia - Jul 02, 2014

By: XE Market Analysis

The dollar recovered some of the recently lost ground against the euro and sterling on back of the June U.S. ADP jobs report, which surged 281k in May, much better than expected. Subsequently released soft factories data left the greenback largely uninfluenced, aside from a modest dip, and the major currency pairings settled ahead of tomorrow's slate of risk events, which include the June ECB meeting, the June Eurozone services and composite PMI figures, and the U.S. Read more

XE Market Analysis: North America - Jul 02, 2014

By: XE Market Analysis

The dollar traded mixed, gaining against a generally soft euro, which was aided by fresh widening in Treasury versus Bund yield differentials, and rising versus the Aussie, which fell after an ugly Australian trade report, but losing ground to the yen and sterling, the latter rallying on a stellar construction PMI outcome. Read more

XE Market Analysis: Europe - Jul 02, 2014

By: XE Market Analysis

The AUD lost some of its shine on ugly trade data out of Australia, which saw AUD-USD tip over 40 pips lower to the 0.9450-60 region. Australia's trade deficit widened to A$1.9 bln in May, a larger shortfall than anticipated after the sharply revised A$780 mln deficit in April (was -A$122 mln). Read more

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