US Outlook Articles

October 11th, 2012 - Daily FX Market Roundup 10-11-12 FX Risk Rally Sustained Despite Distorted Jobless Claims EUR: Rock Solid Support at 1.28 GBP: BoE Weale Raises Concern About More QE CAD: Lifted by Hotter Economic Data AUD: Job Growth Beats Expectations NZD: Consumer Confidence Continues to Decline JPY: Japan Says It Can Intervene Without US Consent FX Risk Rally Sustain...

October 11th, 2012 - Weekly economic data such as jobless claims tends to only have a small impact on the U.S. dollar except when there is a big surprise. This week’s report shocked everyone from Wall Street to Canary Wharf because jobless claims fell to its lowest level in 4.5 years. Since economists were looking for claims to rise to 370k the drop from 369k down to 339k was jus...

October 9th, 2012 - Daily FX Market Roundup 10-09-12 FX Traders Take Cue from Equities EUR: Pressured by Rise in Spanish and Portuguese Yields GBP: Mixed Economic Data, Dovish Comments from King AUD: Rate Cuts Boost Business Confidence CAD: Oil Prices Up 3% NZD: Credit Card Spending Declines JPY: Risk Aversion Trumps Data FX Traders Take Cue from Equities With no major U...

October 8th, 2012 - With no major U.S. economic data on the calendar this week, the focus for currency and equity traders will be third quarter earnings. For the equity market, the significance of earnings is obvious but for currency traders, the number of positive and negative surprises affects risk appetite and with it demand for U.S. dollars. Over the past 2 weeks, we have seen coun...

October 5th, 2012 - The Federal Reserve can breathe a sigh of relief after seeing this morning’s non-farm payrolls report. While 114k jobs were created in the month of September, 46k more jobs were added to August payrolls (bumping it up from 96k to 142k) and more importantly, the unemployment rate dropped from 8.1 to 7.8%. This is the first time in more than 3.5 years (almost a ...

October 4th, 2012 - Daily FX Market Roundup 10-04-12 What USD Traders Can Expect from Non-Farm Payrolls ECB Draghi Comments Send EUR Sharply Higher GBP: Weaker Data Builds Case for BoE Easing CAD: Manufacturing Activity Slows for Second Straight Month AUD: Consumer Spending Continues to Weaken NZD: Oil Prices Up 3.5%, Gold Unchanged JPY: BoJ to Leave Policy Unchanged What USD...

October 3rd, 2012 - Daily FX Market Roundup 10-03-12 What FX Traders Can Expect from ECB & US Presidential Debate USD: ISM and ADP Signal Potential Miss in NFP GBP: Weaker Data Builds Case for BoE Easing NZD Collapses on Concerns from Finance Minister AUD: Trade Deficit Hits 4 Year High CAD: IVEY PMI on Tap JPY: New Japanese Officials Warn of Decisive Action on the Yen What F...

October 3rd, 2012 - The U.S. dollar is trading higher against all of the major currencies this morning on the heels of better than expected U.S. economic data. Service sector activity expanded by its strongest pace in 6 months according to the ISM non-manufacturing index which rose to 55.1 from 53.7. While we are encouraged by the increase in orders, business activity, and prices, the ...

October 2nd, 2012 - Refocusing on the U.S. Dollar EUR: Moody’s Officially Postpones Spanish Decision GBP: More Weakness in Housing AUD Collapses After RBA Rate Cut CAD: Consolidation Continues NZD: Chinese PMI Services On Tap JPY: New Japanese Officials Speak Refocusing on the U.S. Dollar With no U.S. economic data on the calendar, it has been another dull day for the...

October 2nd, 2012 - With no major U.S. or European economic reports on the calendar, currencies are finding support from the flood of liquidity provided by central banks. Last night, the Reserve Bank of Australia joined the party and cut interest rates by 25bp. In just under 30 days, four of the world’s largest central banks have eased monetary policy. While easing by central b...

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