Category Archives: Forex

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Traders in Financial Futures – Options and Futures Combined Positions as of July 29, 2014

The EUR/USD inched lower last week, caught up in the broad-based USD rally, though rates did tick higher on after Friday’s NFP report. Looking to the daily chart, the pair is clearly oversold, with the Slow Stochastics flattening out under the 20 area. That said, any oversold bounces may be short…

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The Week Ahead: Week of August 4th, 2014

The 18-member single unit has its work cut out if there is any hope to gain sustainable traction. There are a plethora of negatives currently impeding the EUR’s rise in the short term despite the modest miss in Friday’s nonfarm payrolls (NFP) headline print that has the dollar closing out the week…

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Week in FX Europe – Euro Market Woes to Cap the EUR

A measure of manufacturing activity nationally accelerated in July to the highest point in more than three years, a sign of strength at the start of the third quarter. But some manufacturers reported that geopolitical tension was hurting their business. The Institute for Supply Management said Fr…

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July ISM factory index hits 3-year high

Consumer sentiment continues to experience its fair share of volatility. After climbing higher in June, the index declined in July as Americans are still having trouble believing in the current economy. According to Thomson Reuters/University of Michigan’s final reading, consumer sentiment fell to…

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Consumers: It’s Hard to Believe in This Economy

The Federal Reserve just got some more wiggle room. The July jobs report showed U.S. economy added 209,000 jobs in July, less than the 230,000 that was expected by economists, as the unemployment rate edged up to 6.2% from 6.1%. But wage growth was also flat month over month and came in below e…

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Janet Yellen Just Got Some Wiggle Room

U.S. nonfarm employers added 209,000 jobs in July, slightly below forecasts and slower than earlier gains, while the unemployment rate ticked up to 6.2% from June. But employers have now added 200,000 or more jobs in six consecutive months for the first time since 1997. Economists were mixed in how…

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Economists React to July’s Jobs Report: ‘Not Weak, But…’

The U.S. auto industry hasn’t appeared so healthy for years. Sales hit an eight-year high in June, there appears to be plenty of pent-up demand, and discounting is far from getting out of hand. New plants and production lines are being built, and many auto executives, dealers and securities analysts…

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U.S. auto sales party seen increasingly dependent on easy money

Am I the only one who thinks Hilsenrath has lost his edge since Yellen took charge? Anyway, he’s out with his post-NFP write up in the WSJ. He notes that the report fits with Yellen’s narrative of people coming into the market to restrain jobs growth and said the Fed is in no rush to hike: When la…

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Hilsenrath: Fed has “quietly encouraged” view of no hike until mid-2015

Manufacturing expanded in July at the fastest pace in more than three years, showing U.S. factories will help power the economy after a second-quarter rebound. The Institute for Supply Management’s index increased to 57.1, the highest since April 2011, from 55.3 a month earlier, the Tempe, Arizon…

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Manufacturing in U.S. Expands at Fastest Pace in Three Years

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U.S. June construction spending falls 1.8 pct

Economic activity in the manufacturing sector expanded in July for the 14th consecutive month, and the overall economy grew for the 62nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holcomb, C…

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July 2014 Manufacturing ISM® Report On Business

U.S. consumer sentiment edged down in July, while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed. The Thomson Reuters/University of Michigan’s final July reading on the overall index on consumer sentiment came in at 81.8, a touch below th…

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U.S. consumer sentiment dips in July

July data pointed to continued strong growth of production levels and incoming new business across the U.S. manufacturing sector, although the latest survey indicated some loss of momentum since the previous month. Employment growth also moderated …

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Strong rate of US manufacturing output growth sustained in July

Bank of Japan Governor Haruhiko Kuroda defended the bank’s positive assessment of the economy on Friday. Data release out of Japan have been weak and prompted an assurance from the BOJ that they will act if needed. They just don’t think its needed right now. Exports continue their decline and not…

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BOJ Defends Inaction Strong USD Provides Breathing Room

The economy has improved significantly this year, and inflation and unemployment have moved much closer to the FOMC’s longer-term goals. However, neither the pace of the reduction in asset purchases nor its end date has been modified, nor has the time-dependent language associated with the projected…

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President Plosser Comments on FOMC Dissent

Consumer spending in the U.S. rose in June by the most in three months, ending the quarter on a strong note and signaling that continued job growth will bolster the world’s largest economy. Household purchases, which account for about 70 percent of the economy, climbed 0.4 percent after a 0.3 pe…

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Consumer Spending in U.S. Rose in June by Most in Three Months

Employers in the U.S. added more than 200,000 jobs for a sixth straight month in July, the longest such period since 1997 and a sign of growing optimism about the economic outlook. The 209,000 advance followed a 298,000 gain in June that was stronger than previously reported, figures from the La…

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Payrolls in U.S. Rose 209,000 in July, Unemployment Rate at 6.2%

Personal income increased $56.7 billion, or 0.4 percent, and disposable personal income (DPI) increased $51.5 billion, or 0.4 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $51.7 billion, or 0.4 percent. In May, personal income i…

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US Personal Income and Outlays, June 2014

Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, retail trade, and construction. Household Sur…

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The US Employment Situation – July 2014