Insights

 

FX Daily
January 21, 2014 Posted by
The Canadian dollar weakened to 1.10 for the first time in more than four years amid speculation the U.S. Federal Reserve will slow its monetary stimulus as the Bank of Canada signals more may be on its way.
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CIO Vantage Point
January 17, 2014 Posted by
Job growth disappoints, Fed Vice Chair choice confuses, and politicians avoid political self immolation.
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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
January 10, 2014 Posted by
The nonfarm payroll data was disappointing to say the least, with a gain of only 74K for December. The forecast was for 200K, but November was revised up 38K to 241K.
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