Insights

 

FX Daily
May 06, 2014 Posted by
The USD is under pressure today, trading at its lowest levels since October as measured by the Bloomberg Dollar Spot Index, which measures the currency relative to 10 major counterparts.  The decline in the value of the USD is attributed to some extent by continued Fed stimulus and low yields on treasury securities.
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FX Daily
May 05, 2014 Posted by
The labor department reported that employers added 288,000 jobs in April, the biggest monthly increase in two years.  Richard Fisher, Dallas Fed President, commented that the U.S. economy is “moving in the right direction” and “getting stronger”.
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FX Daily
April 04, 2014 Posted by
Dallas Federal Reserve Bank President Richard Fisher commented yesterday that the Central Bank should not commit to 'calendar-based' policy but it instead should use guidance that will allow it to adjust for changes in economic conditions. Fisher stated, "I question if it is sound policy to remove all uncertainty or volatility from the market.”
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FX Daily
April 03, 2014 Posted by
The Euro is trading roughly .5% lower today after multiple data releases. The ECB left rates unchanged as expected at .25%. The region’s inflation reading hit a new cyclical low of .5% year/year in March as measured by the March HICP, increasing the risk of deflation for the region.
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FX Daily
April 02, 2014 Posted by
The employment picture in the Eurozone appears to be stabilizing. Yesterday’s overall Euro unemployment rate came in at 11.9% for the fifth straight month. Today’s release out of Spain showed unemployment fell by 16,620 in March, the largest monthly drop since 2006.
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FX Daily
April 01, 2014 Posted by
Most global equity markets are trading higher today, with the S&P hitting a new record.  Meanwhile, treasuries are under pressure after U.S. manufacturing releases indicated continued growth. 
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FX Daily
March 07, 2014 Posted by
Non-Farm Payrolls came in above the consensus forecast at 175k and prior months were also revised higher. However, weekly hours worked dropped by .2 which may be due in part to companies cutting hours to avoid providing healthcare coverage.
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FX Daily
March 06, 2014 Posted by
Some members of the Fed are becoming increasingly concerned about continued accommodate policy.  Richard Fisher, the Dallas Fed President, commented that "there are increasing signs quantitative easing has overstayed its welcome.”  Fisher further noted that “market distortions and acting on bad incentives are becoming more pervasive.
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