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Initial jobless claims only 2000 from 14 year low, forecast unemployment under 6% shortly

By: New_Deal_democrat

Initial jobless claims reported at 284,000 this morning were only 2000 above the best number in the last 14 years, set for one week in 2006. Before that, the last time initial claims were below 284,000 was back in early 2000, as shown in the graph below: The four week average of jobless claims is also at an 8 year low. Read more

Bank of Canada Succesfully Argues That Inflation Spike Is Temporary

By: HaleStewart

In its latest monetary policy report, the central bank of Canada notes that inflation has increased over the last few months. Total CPI inflation has moved up to around the 2 per cent target in recent months. Core inflation has also increased, but remains below 2 per cent Although the Bank had anticipated in the April Report that higher consumer energy prices and exchange rate pass-through would exert temporary upward pressure on inflation, the increase occurred sooner and has been larger than anticipated. Read more

XE Market Analysis: North America - Jul 24, 2014

By: XE Market Analysis

The euro was up and the pound down in London trade, with EURUSD supported by much stronger than expected PMI readings, which unexpectedly showed an acceleration in economic activity. Cable meanwhile, dipped after weaker than expected retail sales numbers. Read more

XE Market Analysis: Europe - Jul 24, 2014

By: XE Market Analysis

The dollar perked up some in quiet N.Y. trade, though as is becoming commonplace in the FX market, ranges were narrow. EUR-USD tested London's trend low of 1.3455, though failed to make further downside progress. Sellers in place from 1.3475 capped the euro off. Read more

XE Market Analysis: Asia - Jul 23, 2014

By: XE Market Analysis

The dollar perked up some in quiet N.Y. trade, though as is becoming commonplace in the FX market, ranges were narrow. EUR-USD tested London's trend low of 1.3455, though failed to make further downside progress. Sellers in place from 1.3475 capped the euro off. Read more

Existing home sales: sales on cusp of turning positive YoY, prices negative

By: New_Deal_democrat

Yesterday's report of existing home sales is in line with what I've laid out as the sequence in which the housing market turns:   Read more

XE Market Analysis: North America - Jul 23, 2014

By: XE Market Analysis

Trade was fairly subdued through the London morning session, as EUR-USD found ongoing support into the 1.3450 support region. A lack of EU data kept traders in check through the session, while Bund and Gilt futures moved higher on the day, as stock markets advance amid receding risk aversion.The pairing touched fresh trend lows of 1.3455, before bouncing back toward 1.3475 in light trade. Read more

XE Market Analysis: Asia - Jul 22, 2014

By: XE Market Analysis

The dollar firmed up against the European majors while suffering marginally versus the yen in N.Y. trade on Tuesday, taking EUR-USD to eight-month lows of 1.3460. The pairing made little attempt to rally through the remainder, able to touch just 1.3472 highs into the close. Read more

XE Market Analysis: Europe - Jul 22, 2014

By: XE Market Analysis

The yen was the main mover in otherwise subdued conditions in pre-Europe trade in Asia. The Japanese currency sank as stocks and investor risk appetite rose, following the currency's normal correlation, which saw USD-JPY and EUR-JPY rise to respective five-day highs of 101.56 and 137.34. Read more

The Weak EU Monetary Base and Investment Situation

By: HaleStewart

Every month, the ECB issues a report on EU economy. It's full of great detailed information. It also highlights underlying reasons why the EU is experiencing such slow growth, starting with the very weak M3 situation. M3 is the largest monetary aggregate, encompassing all other monetary base measures. Read more

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