Insights

 

FX Daily
January 17, 2014 Posted by
The USD is approaching a four-month high vs. the EUR after a U.S. housing report for December showed a better-than- expected number despite a weather-related drop for the month.  The final housing report for the year reflected the best performance for the industry since 2007.
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FX Daily
January 16, 2014 Posted by
The FX markets are a bit choppy today, with the USD slightly weaker vs. the EUR and GBP after the release of the U.S. CPI report earlier this morning, confirming the current inflation rate remains well below the Fed’s 2% target (USD negative).  The offset to the inflation report was the jobless claims announcement, which showed the number of people continuing to receive jobless benefits jumped to the highest since July.
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FX Daily
January 15, 2014 Posted by
The USD index rose to its highest level in nearly four months after a couple positive U.S. economic reports (Empire State Index and PPI) were released this morning for December. Against the EUR, the USD has climbed to a two-week high after today’s reports and yesterday’s surprise retail sales announcement, reaffirming the view that a surging U.S. economy will encourage a hawkish Fed this year, and will continue to cut stimulus (QE) this year.
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FX Daily
January 14, 2014 Posted by
The USD is little changed today despite a better-than-expected U.S. retail sales report this morning. The concern yesterday was that a weak report coupled with last Friday’s poor jobs report would signal the Fed to slow its planned tapering this year (USD negative).
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FX Daily
January 13, 2014 Posted by
Quiet markets prevail today after last Friday’s anemic U.S. jobs report. The USD is somewhat little changed today, with the yen gaining to a three-week high vs. the USD overnight ahead of tomorrow’s U.S. retail sales report (expected to reflect slowing growth).
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FX Daily
December 06, 2013 Posted by
The USD is little changed this morning despite a very strong U.S. jobs report. The Labor Department reported payrolls increased by 203k in Nov. (Oct. was revised higher @ 204K) and the unemployment rate fell to 7% (from Oct.’s 7.3%).
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FX Daily
December 05, 2013 Posted by
The USD is weaker vs. the EUR today (five-week low) as ECB President Draghi gave no indication that policy makers will introduce a negative deposit rate to spur growth. At their rate meeting today, they left its benchmark interest rate at the record low of 0.25%
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FX Daily
December 03, 2013 Posted by
The tone of the market today is focused on “risk off” as Friday’s U.S. jobs reports loom large.  Based on that theme, JPY is off its six-month low vs. the USD as global investors look for more evidence as to when the Fed will reduce stimulus (QE) that has weakened the dollar since July. 
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