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Wil Canada's Employment Provide Insight into US Jobs?

November 04, 2010
Tomorrow will be the seventh time this year that Canada reports its monthly employment data 90 minutes before the US releases its report.
In the past six times this year, the deviation of Canada's actual report from consensus identified the direction of the US miss four times. In Jan, Canada and US data were weaker than expected. February was …
Wil Canada's Employment Provide Insight into US Jobs? Wil Canada's Employment Provide Insight into US Jobs? Reviewed by Marc Chandler on November 04, 2010 Rating: 5
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QEII QED

November 04, 2010
The US dollar chopped around in the immediate post-Fed markets. Although weaker the dollar did not break down in Asia (except against the New Zealand dollar on the back of a strong employment report), but it has been sold off hard in Asia.
Risk assets--equities, commodities are in demand and bonds, especially in Europe have been sold off. The Euro…
QEII QED QEII QED Reviewed by Marc Chandler on November 04, 2010 Rating: 5
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Fed's QEII Anti-Climactic

November 03, 2010
The dollar has sold off on the news that the Federal Reserve will buy $600 bln of Treasuries over the next 8 months. It will relax its 35% self-imposed limited per security. This is in additon to the $35 bln per month it anticipated form the mortgage securites maturing. Its economic assessment and inflation assessments appear little changed.
Fed's QEII Anti-Climactic Fed's QEII Anti-Climactic Reviewed by Marc Chandler on November 03, 2010 Rating: 5
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Euro-Dollar Update

November 03, 2010
I identified and continue to track key forces that offer insight into the euro dollar exchange rate.
To monitor the near-term trend, we have used the 5 and 20 day moving averages. They have done a fairly good job of capturing this year's big trend moves with minimal whipsaws. The 5-day average crossed below the 20-day last Thursday for the fir…
Euro-Dollar Update Euro-Dollar Update Reviewed by Marc Chandler on November 03, 2010 Rating: 5
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Will Focus Shift to Europe?

November 03, 2010
With the FOMC looming, the market essentially yawned at the US election results, which gave the Republicans control of the House of Representatives by margin that looks to be at the high end of expectations. The GOP appear to have stopped shy of taking the Senate. An extension of the 2001 and 2003 tax cuts look increasingly likely. The China bill …
Will Focus Shift to Europe? Will Focus Shift to Europe? Reviewed by Marc Chandler on November 03, 2010 Rating: 5
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