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The dollar continued to reign supreme, logging fresh trend lows against the yen, euro, Aussie and sterling, among other currencies. The move extends the gains seen following Friday's stellar U.S. jobs report, which supports the idea that the U.S. economy is the only locomotive in town among the major economies. Read more
The dollar continued to reign supreme, logging fresh trend lows against the yen, euro, Aussie and sterling, among other currencies. The move extends the gains seen following Friday's stellar U.S. jobs report, which supports the idea that the U.S. economy is the only locomotive in town among the major economies. Read more
The following news events will have a disproportionate impact on the financial markets next week. Tuesday Read more
We got the first releases of November data, and with one exception, they were all very positive. Jobs were a blowout to the upside, with a slight uptick in real wages, but workforce participation didn't budge. Light vehicle sales had the second best month since before the recession. Read more
Last week was incredibly busy on the central bank front, with six major economies issuing policy statements. This article will look at the actions of Canada, the EU, Australia, the UK, Brazil and India in the order of economic performance. We’ll start with the economies that are preforming well and move to those that aren’t. The UK is in good shape. Read more
USD-JPY and EUR-USD remained with Thr's ranges while Cable managed to nudge lower to a two-day low of 1.5624. USD-JPY had a slight upside creep, recovering back above 120.00, though the market lacked the muster for a test of yesterday's 120.25 high. Expectations that Abe will win next week's election, which would give yen-negative "Abenomics" policies a fresh mandate, are weighting on the yen. Read more
The dollar lost ground to most of the major currencies through the morning session on Thursday, though managed to perk up some in afternoon trade. EUR-USD initially dropped to trend lows of 1.2282 on what initially seemed like a dovish ECB statement. The euro quickly turned higher however, as it became apparent there would be no QE this month. Read more
The dollar has remained bid with USD-JPY extending further into seven-year high territory in making 119.98, stalling fractionally shy of the 120.00 level, which is reportedly a big option barrier. BoJ's Sato said the rate of CPI gains may slip, while the latest polls found that PM Abe is set for landslide victory, which in the event would provide a strong endorsement of yen-negative 'Abenomics' policies. Read more
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
The dollar remained firm with USD-JPY extending further into seven-year high territory in making 119.95, bringing the 120.00 level very much into scope. The 120 level is reportedly a big option barrier, though the strong momentum of the bull trend should seen this level overcome before long. Read more
