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Mixed Messages Ahead of the ECB and US Jobs

July 03, 2014
The US dollar is narrowly mixed ahead of two events today that are usually separated by a day, due to the US holiday tomorrow: ECB meeting and US monthly employment report. There have session has already had several developments.
Sweden's Riksbank was the most surprising. It delivered a rate cut twice the size that the market expected. It…
Mixed Messages Ahead of the ECB and US Jobs Mixed Messages Ahead of the ECB and US Jobs Reviewed by Marc Chandler on July 03, 2014 Rating: 5
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BLS Jobs Cut the Mustard, ADP Plays Catch-Up

July 02, 2014
The ADP estimate for private sector job growth came in at 281k, the strongest since November 2012.  It follows an unrevised 179k in May. Investors will be tempted to revise up their expectations for tomorrow's non-farm payrolls.  The Bloomberg consensus stood at 215k prior to the ADP report.  
On a month to month basis, there are notable discre…
BLS Jobs Cut the Mustard, ADP Plays Catch-Up BLS Jobs Cut the Mustard, ADP Plays Catch-Up Reviewed by Marc Chandler on July 02, 2014 Rating: 5
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ADP and Yellen On Tap Today

July 02, 2014
The foreign exchange participants are largely marking time ahead of tomorrow ECB meeting and US jobs report. Sweden's Riksbank expected to deliver a 25 bp rate cut then too.
Still, there is no keeping sterling down. The new high in the Nationwide house price index and a stronger than expected construction PMI have helped sterling extend its…
ADP and Yellen On Tap Today ADP and Yellen On Tap Today Reviewed by Marc Chandler on July 02, 2014 Rating: 5
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Great Graphic: Dollar Breaks Neckline of Head and Shoulders Against Mexican Peso Great Graphic: Dollar Breaks Neckline of Head and Shoulders Against Mexican Peso Reviewed by Marc Chandler on July 01, 2014 Rating: 5
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Plenty of News, Limited Price Action

July 01, 2014
The US dollar remains on its back foot against the euro and sterling, but is firmer against the yen and is little changed against the dollar-bloc currencies. The news stream is full, but in many ways confirms what has already known or appreciated.
Sterling's impressive gains off $1.70 yesterday have been extended with the help of the June ma…
Plenty of News, Limited Price Action Plenty of News, Limited Price Action Reviewed by Marc Chandler on July 01, 2014 Rating: 5
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