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Weekly Indicators: thankful for positivity, but Thanksgiving Day anomalies abound edition

By: New_Deal_democrat

In the rear view mirror,3rd quarter GDP was revised up to +3.6%, in line with the recent stronger ISM manufacturing readings, speaking of which, November's was strong also. November payrolls came in very positively, over 200,000, and the unemployment rate fell again to a new post-recession low. Read more

Inernational Week In Review: Central Banks' Holding Pattern Continues

By: HaleStewart

Last week saw a great deal of central bank action. The following central banks left rates unchanged: Australia (2.5%), Canada (1%) and the Bank of England (.5%). None of these moves were unexpected. All three economies are growing, albeit it below potential. Read more

XE Market Analysis: Asia - Dec 06, 2013

By: XE Market Analysis

The dollar rallied very briefly following the much better November employment report, though despite increased fear of December Fed tapering, the unit quickly turned south. Treasury yields blipped higher, though with the market there positioned for a good jobs report, yields quickly tumbled lower again. Read more

XE Market Analysis: North America - Dec 06, 2013

By: XE Market Analysis

EUR-USD has been consolidating Thursday's gains into U.S. jobs data, which is a major focus for global markets given the bearing it will have on Fed tapering expectations. USD-JPY traded moderately higher, having triggered light stops through 102.00 on the back of a burst of demand at the Tokyo fixing today. Read more

XE Market Analysis: Europe - Dec 06, 2013

By: XE Market Analysis

Quiet trade has been seen in pre-European Asia trade ahead of today's U.S. payrolls report showstopper. EUR-USD saw a 21 pip range centred on 1.3667, consolidating the gains seen yesterday. The gain largely reflected market disappointment that ECB didn't make any easing action yesterday. Read more

XE Market Analysis: Asia - Dec 05, 2013

By: XE Market Analysis

The dollar lost ground nearly across the board in N.Y. trade on Thursday, with cable being about the only exception. A strong Q3 GDP revision (largely from inventory build) combined with a sub-300k jobless claims print (still with seasonal adjustment problems), to bring Dectaper talk back to the forefront. Read more

ISM Manufacturing Report Indicates US Economy May Be Stronger Than Thought

By: HaleStewart

Since the end of the Great Recession, the US economy has been growing close to a 3% growth rate. While this is obviously better than 0% growth, it is not strong enough to warrant employment growth beyond that which absorbs natural population growth, In fact, the growth situation has become so concerning that some economists are wondering whether the US is now in a period of structural slower growth. Read more

XE Market Analysis: North America - Dec 05, 2013

By: XE Market Analysis

USD-JPY logged a six-day while EUR-USD completed a U-turn in rising to a one-month peak of 1.3640 before in ebbing back to near net unchanged sub-1.3600 levels. In the case of the euro, there was a lack of market commitment into the risk event double header of the pending ECB announcement and tomorrow's U.S. Read more

XE Market Analysis: Europe - Dec 05, 2013

By: XE Market Analysis

The USD is softer versus Wednesday's London closing levels. USD-JPY logged a six-day low of 101.81 in New York PM session and is presently settled around the 102.00, over half a big figure down on yesterday's London closing level. The yen normally correlatives with risk appetite, and the currency appears to be following this pattern now with Wall Street and Japanese stocks left weaker amid upgraded risk of a 'Dectaper' by the Fed following the strong ADP private jobs report yesterday, which has flagged upside risk to Friday's official payrolls report. Read more

US Employment Situation Still Very Weak

By: HaleStewart

Earlier today we learned that, according to ADP, employment increased 215,000 in October. As this number has a high correlation with the BLS figures, it's easy to assume we'll see a strong number on Friday. However, the overall condition of the US labor market is still incredibly weak. Read more


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