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Weekly Indicators: Housing is dead. Long live the Consumer! edition

By: New_Deal_democrat

In January data reported this past week, the Index of Leading Indicators rose, indicating that the expansion is expected to continue through summer. Both producer and consumer prices rose slightly. The Empire and Philly manufacturing indexes fell, although the former remained in expansion. Read more

International Week in Review: A Flood Of Central Bank Meeting Minutes Edition

By: HaleStewart

The worse news of the week came from Japan, where the Y/Y change in GDP was only 1%. We also saw a trade deficit increase caused by a huge 25% Y/Y surge in imports, which was hardly offset by a mere 9.5% increase in exports. While the Japanese consumer is still very vibrant, the falling yen is not translating into a strong enough increase in exports. Read more

XE Market Analysis: Asia - Feb 21, 2014

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Friday, ultimately losing ground to the euro and CAD, while rallying versus the yen and sterling. Buy stops at 1.3720-25 helped propel EUR-USD to highs near 1.3760, while warmer Canadian CPI supported the loonie. Cable ran out of steam over 1.6700, running into good sellers over the figure, before retreating under 1.6625. Read more

Remember That The Long Term USD/CAN Chart is Very Dollar Bullish

By: HaleStewart

Sometimes its important to pull the lens back and take a look at the long-term picture. Starting in mid-2009, the USD/CAN chart started to form a very long rounding bottom formation. The pair broke through upside resistance on this chart at the end of last year. Read more

XE Market Analysis: North America - Feb 21, 2014

By: XE Market Analysis

We saw only mild yen weakness following a 2.8% surge in the Nikkei, a brief sterling wobble following disappointing U.K. retail sales, fresh highs in USD-CAD, but all occurring in pretty quite trade ahead of the G20 meeting. EUR-USD flat-lined in the low 1.37s. Read more

XE Market Analysis: Europe - Feb 21, 2014

By: XE Market Analysis

Ranges have been narrow during the Asia session. Mild yen weakness was seen as stock markets recovered poise, particularly the Nikkei, which surged and closed with an impressive 2.9% gain. The BoJ minutes to the January 21-22 showed that members decided that there is a need to emphasize that its QE program is not limited to a two-year timeframe. Read more

XE Market Analysis: Asia - Feb 20, 2014

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Thursday, though the greenback managed to make up some ground versus most of the major currencies. Data was mixed, which included benign CPI, a weak Philly Fed index, and a stronger flash PMI outcome. EUR-USD maintained a 1.3688 to 1.3729 range, though it spent little time on the 1.36 handle. Read more

YoY CPI up 1.5% in January, still on track for +1.0% in February

By: New_Deal_democrat

Last week I wrote that this winter's continuing cheap gas prices may give us the lowest inflation rate in 50 years, excluding the deflation during the Great Recession. Read more

XE Market Analysis: North America - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing PMI data out of the Eurozone and China. This underpinned the yen and Swiss franc, while the euro came under particular pressure as the PMI outcome will favour the dovish arguments on the ECB board. The AUD also made fresh lows, though managed to recover somewhat during the European AM session. Read more

XE Market Analysis: Europe - Feb 20, 2014

By: XE Market Analysis

Risk-off ensued following disappointing China data, with the HSBC-Markit flash manufacturing PMI underwhelming at 48.3 in February, below the median expectation for 49.5. Japan's January trade data also showed the deficit widening more than forecast, to Y2.97 bln (a new record), while Moody's warned that China slowdown is posing risks for the likes of South Korea, Hong Kong, and Singapore. Read more

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