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Weekly Indicators: The Big Chill edition

By: New_Deal_democrat

In the rear view mirror, 4th quarter productivity rose, but unit labor costs fell. December construction spending rose slightly, but factory orders fell. January data was dominated by the unexpectedly weak but positive employment report, and the non-upward revision of December's even poorer but positive number. Read more

International Week in Review: A Busy Week For Central Banks Edition

By: HaleStewart

Last week was a very busy week for central banks as we had three different interest rates decisions from the ECB, BOE and RBA. All kept rates steady (see commentary at this link on the ECB decision). The BOE has a policy dilemma on their hands. In previous statements, they said their unemployment rate threshold was 7%. Read more

XE Market Analysis: Asia - Feb 06, 2014

By: XE Market Analysis

The dollar was mixed in early N.Y. trade, driven largely by mixed data, and the ECB's unchanged policy announcement. EUR-USD led the charge, as that pairing rallied from 1.3495 lows to a peak near 1.3620. Meanwhile, a solid equities bounce helped USD-JPY touch 102.00, after posting lows near 101.25. Read more

Draghi and the European Central Bank Drop The Policy Ball

By: HaleStewart

For the last several months, economists have been commenting more and more on the heightened possibility of eurozone deflation. They have pointed to the nearly halving of the year over year inflation rate over the last 12 months as primary evidence. Unfortunately for the EU, the latest policy announcement from the ECB indicates the bank is falling behind on this front. Let's look at where Draghi gets it wrong by looking at the key phrase from his policy announcement Underlying price pressures in the euro area are expected to remain subdued over the medium term. Read more

XE Market Analysis: North America - Feb 06, 2014

By: XE Market Analysis

The USD is marginally firmer versus the other currency majors after quite session in Asia and the European AM. Stock markets saw a further recovery, though market participants were being cautious ahead of the ECB and BoE announcements, both of which may bring market-moving statements, and with tomorrow's U.S. Read more

XE Market Analysis: Europe - Feb 06, 2014

By: XE Market Analysis

The main currencies are showing little net change from Wednesday's London closing levels, though the AUD popped higher on a set of firm Australian data. USD-JPY and EUR-JPY are fractionally higher at 101.48-50 and 137.24-26, with the backdrop of steady stock markets having brought a halt the recent firming trend of the yen. Read more

US ISM Reports Point To Stronger Economy

By: HaleStewart

The last two quarters of GDP reports for the US have been very bullish with prints of 4.1% and 3.2%. However, recent data has left the markets concerned. Durable goods orders recently dropped, the housing sector is slowing and auto sales dropped more than expected. Read more

XE Market Analysis: Asia - Feb 05, 2014

By: XE Market Analysis

The dollar was mostly rangebound in a choppy FX session in N.Y. on Wednesday. A slightly softer ADP jobs print had little immediate impact, nor did an in-line non-manufacturing ISM outcome. Equities traded erratically on either side of flat through the session, along with the greenback. Read more

Is the Oil choke collar releasing?

By: New_Deal_democrat

For over half a decade, the price of gas has acted like a governor, or choke collar, on the US economy. Whenever growth accelerated, the price of gasshot up near or over $4 a gallon, causing consumers to cut back on other purchases. The economy slowed, the price of gas fell, and the cycle started again. Until the last six months. Read more

XE Market Analysis: North America - Feb 05, 2014

By: XE Market Analysis

The USD and other main currencies were in consolidation mode as the risk aversion theme took a breather with the help of positive surprises on the corporate earnings front and amid market expectations for a decent U.S. jobs report this Friday. EUR-USD continued its oscillation around the 1.3500 level and USD-JPY was settled around 101.20 after drifting lower from the Tokyo-session peak of 101.76. Read more

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