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Weekly Indicators: firing falls to new low, hiring possibly pauses edition

By: New_Deal_democrat

Monthly data for March reported in the last week was mixed. Housing permits were positive, and starts were positive m/m but negative YoY. Industrial production increased strongly, as did retail sales. NY manufacturing decelerated, but Philly manufacturing accelerated. Read more

XE Market Analysis: Asia - Apr 17, 2014

By: XE Market Analysis

Lower than expected jobless claims and a firmer Philly Fed index supported the dollar in light Thursday N.Y. trade. Yields edged up as well, though Wall Street struggled to move higher. After opening near 1.3860, EUR-USD slipped to lows under 1.3820 before steadying. Read more

Three signs of the Spring spring

By: New_Deal_democrat

One of the things I frequently point out in my "Weekly Indicator" columns is that the high frequency weekly data will show a change in the trend well before it shows up in the monthly reports. Since about mid-March I've been noting is that there has been a "spring spring" in the weekly data. Read more

Thoughts On US Inflation in Light of Yellen's Comments

By: HaleStewart

Yesterday, Fed Chair Yellen gave a speech in which she highlights three big questions for the Fed, the second of which is "Is Inflation Moving Back to the Fed's 2% Target?"  That got me thinking about inflation in general.  Read more

XE Market Analysis: North America - Apr 17, 2014

By: XE Market Analysis

The dollar maintained a generally soft tone following Yellen's dovish speech yesterday. Trade was quiet in Europe with some countries already off for the long Easter weekend. EUR-USD rose to a new high for the week of 1.3864. Cable, already underpinned following yesterday's stellar labour market data, edged out a fresh five-year high of 1.6842. Read more

XE Market Analysis: Europe - Apr 17, 2014

By: XE Market Analysis

The USD was mostly lower in Asia following a dovish speech by Fed boss Yellen, though movements were pretty contained. EUR-USD rose to the 1.3840 area from the low 1.38s, but the market lacked the muster for a test of yesterday's peak of 1.3851. Cable punched above its Feb-17 major trend peak at 1.6822 and logged a fresh cycle high of 1.6837. Read more

XE Market Analysis: Asia - Apr 16, 2014

By: XE Market Analysis

With the exception of a few flurries of activity, FX trade was fairly quiet in N.Y. on Wednesday. The BoC left rates alone as expected, though was dovish sounding enough to get USD-CAD over 1.10 again. Stronger U.S. production data helped the dollar to a degree, but major pairings were largely mired inside of tight trading bands. Read more

Crunch Time For the EU on Deflation

By: HaleStewart

Today we learned that EU inflation has dropped again. Eurostat announceed: Euro area1 annual inflation was 0.5% in March 20142, down from 0.7% in February. A year earlier the rate was 1.7%. Monthly inflation was 0.9% in March 2014. European Union3 annual inflation was 0.6% in March 2014, down from 0.8% in February. Read more

XE Market Analysis: North America - Apr 16, 2014

By: XE Market Analysis

The dollar has traded mixed against the other majors, rising against the yen but declining against the euro amid a strong rally in EUR-JPY, while Cable was well bid following a much better than expected drop in U.K. unemployment to 6.9% from 7.2% last. Read more

XE Market Analysis: Europe - Apr 16, 2014

By: XE Market Analysis

USD-JPY nudged above 102.00 to an eight-day high of 102.25 on the back of general yen weakness as the currency, once again, correlated inversely with stock market direction. EUR-JPY lifted to a five-day peak of 141.32. The MSCI Asia Pacific equity index was up 0.7% in PM trade in Tokyo while the Nikkei surged over 2.5%, benefitting from the tech-led rebound on Wall Street on Tuesday. Read more

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