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Weekly Indicators: Saudi Claus gifts US consumers with spending edition

By: New_Deal_democrat

Monthly November reports included New and Existing home sales, both down, and New sales down YoY as well. Durable goods were also negative. Consumer sentiment declined slightly from its recent high level. On the other hand, consumer income and spending both rose strongly, and the Chicago national activity index rose to its best level since the recession. Read more

November housing sales: a detailed look

By: New_Deal_democrat

With all of the important housing sales reports in for November, let's take a detailed look at that market. Let me start out by quickly explaining why I pay so much attention to the housing market. It is because no other single economic indicator so accurately foretells the health of the economy 12-18 months later than housing, and in particular new housing sales. Read more

Potential 2015 Flashpoint #1: Russia

By: HaleStewart

At the beginning of this year, Russia wasn’t on anybody’s economic radar. While their growth had slowed, the general consensus was this was due to a BRIC economy that was heavily dependent on oil revenue facing the need to diversify its sources of growth. Read more

US and UK Have Strong 3Q Growth Numbers

By: HaleStewart

While oil’s price collapse and the resulting damage to the Russian economy have garnered most economic headlines over the last few weeks, two final 3Q GDP prints have gone a bit unnoticed as the UK and US saw strong final numbers. Let’s start with the UK, where GDP grew 2.6% Y/Y. Read more

XE Market Analysis: North America - Dec 24, 2014

By: XE Market Analysis

FX trade was very quiet overnight, and more of the same can be expected this morning, with most set for an early departure for the Christmas break. Aside from a brief nudge over the figure in London, EUR-USD stayed under the 1.2200 mark throughout, while USD-JPY remained comfortably on the 120 handle.[EUR, USD]EUR-USD traded briefly over the 1.22 mark in London dealings, peaking at 1.2207 before being pushed back under the figure. Read more

XE Market Analysis: Europe - Dec 24, 2014

By: XE Market Analysis

Activity should remain relatively muted through the European session, as markets gear up for a short Wednesday session, followed by a four-day weekend for most participants. The European calendar is empty but for Swiss KOF leading indicator data. EUR-USD looks poised to test the July 30, 2012 weekly low of 1.2134, after posting 1.2165 lows in N.Y. Read more

XE Market Analysis: Asia - Dec 23, 2014

By: XE Market Analysis

The dollar rallied broadly in N.Y. trade on Tuesday, taking EUR-USD to new 2.5 year lows of 1.2165, and USD-JPY to just shy of December 8 highs, peaking at 120.80. A sharply higher U.S. Q3 GDP revision was the major driver, with the quarter's growth pace upped to 5.%. Read more

XE Market Analysis: North America - Dec 23, 2014

By: XE Market Analysis

The dollar was relatively steady versus major currencies overnight, but notably, USD-JPY held the 120 handle through the session, after breaking higher in early Asian trade. EUR-USD maintained a heavy tone as well, though was unable to make fresh downside lows under 1.2220. Read more

XE Market Analysis: Europe - Dec 23, 2014

By: XE Market Analysis

Activity should remain relatively muted through the European session, as markets gear up for a short Friday session, followed by a four-day weekend for most participants. The European calendar consists mostly of GDP revisions and spending data, which aren't likely to stir things up too much. Read more

XE Market Analysis: Asia - Dec 22, 2014

By: XE Market Analysis

FX trade was quiet in N.Y. on Monday, with holiday conditions in full force. The dollar maintained a bod tone, moving to within a few points of 120.00 versus the yen, though unable to add to overnight gains versus the euro. USD-CAD was supported by another sell-off in oil prices, and natural gas' slide to near two-year lows, while cable idled between 1.5600 and 1.5640. Read more

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