Archive for January 10th, 2014

Foreign Exchange Insights and Next Week

Next Week

January 10, 2014

Central bank interest rate policy meetings are scheduled next week in Serbia, Chile and Brazil.  The Fed Beige Book, ECB Bulletin, and Bank of Canada quarterly survey of business prospects get published.  Plosser, Evans and Williams are some of the Fed officials who will be speaking publicly. Japan closes on Monday for Coming of Age […] More

Deeper Analysis

Jobs Growth in the United States and Canada

January 10, 2014

Both North American jobs reports for December proved disappointing.  U.S. jobs rose only 74K last month, about three-eighths as much as the market consensus.  Even with an upward revision to November’s increase, the 4Q monthly average of 172K was little better than the 3Q mean of 167K and less than the 2Q average of 182K.  […] More

New Overnight Developments Abroad - Daily Update

Disappointing British and Chinese Data ahead of U.S. Jobs Report

January 10, 2014

British industrial production and factory output each stagnated in November, cutting the former’s 12-month rate of increase to 2.5% from 3.2%.  Construction output dropped 4.0% on month, and same-store British retail sales posted an on-year 0.4% increase last month, the smallest such gain in eight months. China’s trade surplus contracted 24% last month to $25.64 […] More