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Pause in US Dollar Rally

August 02, 2014
The US dollar had looked like it was finally finding traction.  The euro was at its lowest level since last November.  Sterling, which had been a market darling, was pushed through its 100-day moving average for the first time since last August, falling about 2.25% since mid-July.  The dollar pushed through JPY103 to trade at its best level since …
Pause in US Dollar Rally Pause in US Dollar Rally Reviewed by Marc Chandler on August 02, 2014 Rating: 5
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Cool Video: Playing a Musical Instrument is Good for Your Brain Cool Video:  Playing a Musical Instrument is Good for Your Brain Reviewed by Marc Chandler on August 02, 2014 Rating: 5
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Great Graphic: Asian PMIs

August 01, 2014
It is the beginning of the month and a new data cycle. It starts with manufacturing PMI reports. This Great Graphic was tweeted by Markit, but also draws on data from Japan's Materials Management Association and HSBC. 
Taiwan's activity has accelerated markedly.  India's manufacturing sector has improved as well, and it appears to be …
Great Graphic: Asian PMIs Great Graphic:  Asian PMIs Reviewed by Marc Chandler on August 01, 2014 Rating: 5
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Muted Market Reaction to Job Data Disappointment

August 01, 2014
The US employment data was disappointing. The short-term market had been leaning the wrong way. The recent data had fanned hopes that the labor market was accelerating, but today’s data suggest the pace of improvement has not changed.
 It is the sixth month that net new job creation was in excess of 200k, but private payrolls snapped that streak.…
Muted Market Reaction to Job Data Disappointment Muted Market Reaction to Job Data Disappointment Reviewed by Marc Chandler on August 01, 2014 Rating: 5
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PMI and Jobs as Stocks and Bonds Move Lower

August 01, 2014
The purchasing managers manufacturing surveys are the main economic news of the day thus far.  Attention now turns to the US employment data.  It is taking place amid an inflection point in the capital markets.  While European equity market has turned lower earlier, the US has joined, with S&P gap lower opening last Friday and the follow throu…
PMI and Jobs as Stocks and Bonds Move Lower PMI and Jobs as Stocks and Bonds Move Lower Reviewed by Marc Chandler on August 01, 2014 Rating: 5
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