US Outlook Articles

July 11th, 2012 - The U.S. dollar is trading lower against all of the major currencies this morning ahead of the FOMC minutes and a narrower U.S. trade balance provided little support for the greenback. In the month of May, the U.S. trade deficit shrank from -$50.1B to -$48.7B on a drop in imports and rise in exports. Imports fell 0.7 percent to its lowest level since February due to ...

July 10th, 2012 - Will the FOMC Minutes Help or Hurt the U.S. dollar? EUR: German ESM Delay is Another Blow to Euro Rescue GBP: Fresh 3 Year High Against EUR AUD: Drop in Business Confidence CAD: Trade Balance on Tap NZD: Weighed Down By Weaker Chinese Data JPY: More Easing on the Way? Will the FOMC Minutes Help or Hurt the U.S. dollar? So far it has been a very quiet wee...

July 6th, 2012 - The sharp sell-off in USD/JPY tells us FX traders were disappointed by this morning’s non-farm payrolls report and they won’t be the only ones because today’s jobs number spells big trouble for the Federal Reserve and for President Obama. The magic number today was 100k and unfortunately American companies added only 80k jobs in June. After the ...

July 5th, 2012 - The biggest problem in the U.S. economy is the lack of job growth. While the unemployment rate in the U.S. has fallen from its high of 10 percent, the two most recent non-farm payrolls reports raised concerns that the U.S. economy is moving in the wrong direction. Many countries in Europe are back in recession and if job growth does not improve, the U.S. could fall ...

July 2nd, 2012 - Daily FX Market Roundup 07-02-12 USD: Weaker ISM Keeps QE3 Expectations Alive EUR: The Challenge of Implementation GBP: Supported by Stronger PMI AUD: Don’t Expect the RBA to Ease CAD: Oil Down 1.5 Percent NZD: Shrugs Off Weaker Chinese Manufacturing Data JPY: Political Upheaval USD: Weaker ISM Keeps QE3 Expectations Alive With near term risks i...

July 2nd, 2012 - It may be a quiet morning in the foreign exchange market but the lack of liquidity due to the July 4th holiday in the U.S. could mean an increase in volatility this week. With 3 central banks holding monetary policy announcements, 2 countries releasing employment reports and a number of Chinese economic data on the calendar, there’s certainly no shortage of ca...

July 2nd, 2012 - The third quarter has officially begun and the sweltering heat indicates that we are well into summer. Thanks to the long hours and hard efforts of European leaders last week, investors will finally be able to relax and enjoy their shorter workweeks and vacations. By announcing a banking union that was clearly enough to satisfy the low expectations of investors, EU ...

June 29th, 2012 - Daily FX Market Roundup 06-29-12 FX: Prepare for Short but Busy Week EUR: Making Sense of the EU Summit Announcements GBP: Close Call for BoE Next Week CAD: Stronger than Expected Rise in GDP AUD: RBA Expected to Keep Rates on Hold Next Week NZD: Sharp Gains in Oil and Gold JPY: Mostly Weaker Data Points to Need for More Stimulus FX: Prepare for Short but ...

June 26th, 2012 - Currencies are treading water this morning ahead of the EU Leaders Summit and while the latest U.S. economic reports were mixed, the outlook for Fed policy has not changed. According to S&P Case-Shiller, house prices continued to fall but at its slowest pace since 2010. This is good news for the housing market but a turnaround in the real estate sector is still in t...

June 25th, 2012 - One of the most common questions that foreign exchange traders ask is what matters more to the dollar – deleveraging or quantitative easing? Like many central banks around the world, the Federal Reserve is actively engaged in stimulating their economy. As recently as last week, Federal Reserve Chairman Ben Bernanke made it clear that the door is wide open for ...

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