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XE Market Analysis: Asia - Dec 11, 2017

By: XE Market Analysis

FX trade was relatively light in N.Y. to start the week, with little in the way of data to drive prices, and as traders remained largely sidelined into Wednesday's FOMC announcement. The dollar dipped in early trade, before managing a modest comeback after the London close. Read more

XE Market Analysis: GBP Remains Volatile as Brexit Negotiations Rumble On

By: xemarketanalysis

OVERVIEW The Pound claws back some of last week’s losses on Brexit negotiations. The US Dollar slumps ahead of the Fed interest rate decision. Angela Merkel assures markets that coalition talks will be done quickly. HIGHLIGHT Last week, the UK and the EU reached an agreement early on Friday on Brexit divorce terms after working through the night to end an impasse over the status of the Irish border that had prevented an earlier attempt to clinch a deal on Monday. US DOLLAR The Dollar is marginally weaker today as investors and traders alike position themselves before the interest rate announcement from the Federal Reserve. Read more

XE Market Analysis: Europe - Dec 11, 2017

By: XE Market Analysis

USD-JPY eked out a new four-week high of 113.69, and the New Zealand dollar rallied strongly following an announcement that a new RBNZ governor had been appointed, which was greeted as a something of a relief by Kiwi markets (the currency having been under pressure amid a cloud of policy uncertainty following elections in September). Read more

International Economic Week in Review: Good News From Canada, Australia and the EU

By: HaleStewart

            The Bank of Canada maintained their 1% interest rate policy this week.  Their policy announcement contained the following overview of the Canadian economy: Read more

US Economic Week in Review: The Manufacturing and Service Sectors Are Growing Solidly

By: HaleStewart

The US manufacturing sector is very good shape. The latest ISM reading was 58.2 – a modest decrease from the previous month, but still a very strong level. Last month’s reading was one of the strongest since the recession and continues this series’ recent uptrend: The internals were very strong: new orders rose .6 to 64 while production was up 2.9 to 63.9. Read more

US Bond Market Week in Review: Thanks to the Employment Report, Expect Another Rate Hike

By: HaleStewart

The employment report gave the Fed ample reason to raise rates at their next meeting. The headline number of 228,000 combined with a 4.1% unemployment rate are themselves ample reasons. But the internals are also strong enough for the Fed to hike. The 3, 6, and 12-month moving averages of total employment growth all above 170,000 and appear to have stabilized this year. Read more

Weekly Indicators: slight improvement in long term outlook edition

By: New_Deal_democrat

November data included another positive employment report, although underemployment measures weakened and wage growth continues to be relatively poor. Other data included a very positive but decelerated ISM services, increased productivity but a decline in unit labor costs, and an increase in sentiment as measured by the University of Michigan due to present conditions, while future expectations declined. Late October data included an increase in wholesale sales and a big decrease in inventories, leading to a decline in the inventory to sales ratio. Read more

XE Market Analysis: Asia - Dec 08, 2017

By: XE Market Analysis

The November jobs report was solid, though the dollar ended up lower than where it started. Some selling into strength was noted, as long USD positions were pared down into the weekend. Still the DY ended at 12-session highs near 94.00. EUR-USD bottomed at 1.1730 after the data, later making its way to 1.1771 highs. Read more

XE Market Analysis: North America - Dec 08, 2017

By: XE Market Analysis

The dollar has traded generally firmer, buoyed by expectations for corporate-friendly tax reform in the U.S. and into the November payrolls report, which is expected to show fresh signs of a tightening labour market. The buck has gained 0.3% versus the euro, logging two-week highs, and advanced by a similar magnitude against the yen, making a four-week high. Read more

XE Market Analysis: Europe - Dec 08, 2017

By: XE Market Analysis

Risk-on and news of a Brexit deal on divorce terms have provided the mains themes in the main forex markets so far today, a backdrop that has inspire yen underperformance on the one hand and sterling gains on the other. USD-JPY climbed for a third straight day, posting a 24-day high of 113.46. Read more


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