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Weekly Indicators: long leading forecast just barely above neutral edition

By: New_Deal_democrat

February data included a very strong jobs report, with the only weak spot remaining tepid wage growth. ISM services was also strongly positive. January factory orders declined, and wholesale sales declined, while inventories rose, meaning the inventory to sales ratio also rose, a negative. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Asia - Mar 09, 2018

By: XE Market Analysis

The dollar rallied marginally after the better than expected February employment report, though gains didn't last. The DXY briefly crossed above its 50-day moving average at 90.25, topping at seven-session highs of 90.35, though quickly gave the level back, later bottoming at 90.00. Read more

XE Market Analysis: US Job Growth Surges as Wage Growth Disappoints

By: xemarketanalysis

OVERVIEW Non-farm payrolls surge at its fastest pace in 1.5 years. UK industrial output rises at a solid pace in January. German industrial production falls for a second consecutive month. Canadian job growth missed expectations, and wage growth decelerated. HIGHLIGHT The US employment report showed the economy added 313,000 jobs last month, the largest gain in 1.5 years. Read more

XE Market Analysis: North America - Mar 09, 2018

By: XE Market Analysis

The euro drifted lower into the European PM session, trading at four-day lows versus the dollar and sterling, one-week lows against the Australian and Canadian dollars, and reversing some of the gains seen versus the yen the during the Tokyo session. EUR-USD clocked a low at 1.2290, extending losses that were seen late yesterday as markets digested Draghi's dovish twist of yesterday. Read more

XE Market Analysis: Europe - Mar 09, 2018

By: XE Market Analysis

Yen weakness has been the main show in town, with most other currency pairings holding narrow ranges. The Japanese currency was showing a 0.5% decline versus the dollar, euro and Australian dollar heading into the London interbank open. USD-JPY rallied to an eight-day high of 106.94, up over 60 pips from yesterday's New York closing level. Read more

XE Market Analysis: Euro Dips as Draghi Maintains a Cautious Outlook For Inflation

By: xemarketanalysis

OVERVIEW Investor sentiment improves as Trump signals tariffs are unlikely to be imposed on "real friends". CAD boosted by easing of trade fears and housing data. GBP weighed down by weak housing data and Brexit headlines. German industrial orders slump in January on weaker foreign demand. Read more

XE Market Analysis: Asia - Mar 08, 2018

By: XE Market Analysis

The dollar perked up some in N.Y. trade on Thursday, taking the DXY to four-session highs of 90.18. Gains were led by EUR-USD losses, which touched 1.2303 lows, down from 1.2446, which was seen after the ECB announcement, which changed guidance language, but remained dovish overall. Read more

XE Market Analysis: North America - Mar 08, 2018

By: XE Market Analysis

The dollar majors lacked direction into the ECB policy announcement. USD-JPY has remained within yesterday's range so far today, posting a range so far of 105.89-106.20. EUR-USD has settled to the upper 1.2380s, trading softer today after rallying in the five previous sessions, yesterday leaving a 19-day high at 1.2446. Read more

XE Market Analysis: Europe - Mar 08, 2018

By: XE Market Analysis

The dollar majors have settled to consolidation into the ECB announcement and as market participants continue to monitor the evolution of Trump's tariffs, which will reportedly be signed off on today, and become effective in two weeks time, but which will include temporary exceptions on Mexico and Canada (subject to how the Trump administration deems NAFTA negotiations go). Read more

XE Market Analysis: Asia - Mar 07, 2018

By: XE Market Analysis

The DXY bounced modestly from pre-open lows, aided early on by a better than expected ADP employment report. The dollar index topped at 89.77 from lows of 89.53. The departure of Trump advisor Cohn stirred markets up, reulting in lower stocks and lower yields. Read more


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