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US economy continues to overcome forces of global slowdown

By: New_Deal_democrat

The ISM manufacturing and services releases this week show that the US economy is resilient in the face of international weakness. ISM manufacturing, while showing continued expansion, came in the weakest since May 2013: A comparison of the ISM manufacturing indexes for imports (blue) vs. Read more

XE Market Analysis: North America - Sep 03, 2015

By: XE Market Analysis

The dollar continued to trade firmly, especially against sterling after an unexpected drop in UK service PMI data. Cable clocked a fresh three-month low at 1.5237 on news that the PMI dove to a 27-month low of 55.6 in the August survey from Markit, down from July's 57.4. Read more

XE Market Analysis: Europe - Sep 03, 2015

By: XE Market Analysis

The dollar continued to hold firm against most other currencies. EUR-USD logged a four-day low of 1.1205, while USD-JPY nudged out a two-day high at 120.70. AUD-USD remained heavy, dipping back to the 0.7000 area after an early Sydney run to 0.7062. Stock market volatility remained relatively muted for a second day with Chinese markets today having commenced their four-day hiatus for a national holiday, removing a recent source of bearish contagion from the global scene. Read more

XE Market Analysis: Asia - Sep 02, 2015

By: XE Market Analysis

FX trade was relatively quiet in N.Y. trade on Wednesday, leaving the dollar flat to higher overall, though inside of narrow trading ranges. A nearly in-line ADP jobs report, a better than expected productivity revision, along with a factory orders miss, that was largely offset by upward back revisions, all combined to keep the dollar supported overall. Read more

XE Market Analysis: North America - Sep 02, 2015

By: XE Market Analysis

The dollar gained against most currencies today, most notably logging a six-year high versus the Aussie. Stock market sentiment improved but still remained wobbly. Japan's Nikkei closed 0.4% for the worse, and China's Shanghai Composite finished with a fractional 0.2% decline, though the tech-heavy Shenzhen Composite fared worse, ending 2% in the red. Read more

XE Market Analysis: Europe - Sep 02, 2015

By: XE Market Analysis

The dollar has traded firmer, logging a new six-year low below 0.7000 against the Aussie, and firming against euro and yen. Stock market sentiment improved, though Japan's Nikkei still closed 0.4% for the worse, and China's Shanghai Composite was volatile, rebound from a 4.7% intraday loss to a 0.3% before settling lower again, showing about a 1% net decline in late session. Read more

XE Market Analysis: Asia - Sep 01, 2015

By: XE Market Analysis

The dollar was relatively steady through the N.Y. session on Tuesday, though ultimately lost some ground to most major currencies. China, and indeed globally soft PMI's took Asian equities lower overnight, which quickly spilled over the European bourses and Wall Street. Read more

Canada Enters Technical Recession

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

XE Market Analysis: North America - Sep 01, 2015

By: XE Market Analysis

The dollar declined against the euro and yen, but firmed against the underperforming commodity currencies as stock markets took a tumble in Asia and Europe amid disappointing manufacturing data out of China, the Eurozone and UK, and elsewhere. The yen gained across-the-board on the back of its haven appeal. Read more

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