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XE Market Analysis: North America - Mar 21, 2017

By: XE Market Analysis

The dollar came under a fresh bout of broad pressure during the European AM session. Cable led the way with an advance of nearly 1% following hotter than expected UK inflation data, which helped the pair on its way to a three-week peak at 1.2471. EUR-USD clocked a new six-week high at 1.0804, winding in the February-2 high at 1.0828, aided by Bundesbank president and ECB member Weidmann, who argued for a shift to neutral from dovish policy stance. Read more

XE Market Analysis: Europe - Mar 21, 2017

By: XE Market Analysis

The dollar has traded mixed after tumbling in the wake of last week's "dovish rate hike" by the Fed. EUR-USD has carved out a fresh six-week peak at 1.0788, breaching above Friday's high at 1.0782. EUR-JPY and other euro crosses have also remained bid, with investors still in process of discounting reduced political risk into the euro after last week's Dutch election. Read more

XE Market Analysis: Asia - Mar 20, 2017

By: XE Market Analysis

The FX market was quiet in N.Y. on Monday, with major dollar pairings largely trading inside of narrow ranges. There was no data to drive prices, while many were likely distracted by the near session-long congressional grilling of FBI director Comey on Russia. Read more

XE Market Analysis: Article 50 Triggers Date Set

By: xemarketanalysis

OVERVIEW The Pound is steady as a date has been set for triggering Article 50. US Dollar weakens as potential delays to President Trump's massive infrastructure plans occur. The Euro strengthens as geo-political concerns over the presidential election subside. Read more

XE Market Analysis: North America - Mar 20, 2017

By: XE Market Analysis

The USD index hit a fresh six-week low at 99.86, extending the run lower since last Wednesday's less hawkish than anticipated FOMC guidance. The index lifted off its lows, but at 100.01 was still down by over 1.6% since the Fed's announcement, as of the late London AM session. Read more

XE Market Analysis: Europe - Mar 20, 2017

By: XE Market Analysis

The dollar has remained under the cosh. USD-JPY edged out a three-week low at 112.47, making this the fourth straight day of lower lows this pairing has seen. EUR-USD is heading in to the London interbank open at intraday highs above 1.0750, with Friday's six-week peak t 1.0782 back into scope. Read more

International Economic Week in Review: the BOE and BOJ Hold

By: HaleStewart

Deflation has been one of the top economic stories of the last 4-5 years. Starting in 2014, declining energy prices were a primary reason for this development. But when OPEC agreed to cut production in 2015, oil prices rallied to ~$50 barrel. Across the globe, the energy price component of most CPI measures has been rising in response, helping to eliminate deflationary tendencies. Read more

US Bond Market Week in Review: We're Now at the Top End of the Natural Rate of Interest

By: HaleStewart

As predicted by, well, everybody, the Fed raised interest rates 25 basis points on Wednesday. Let’s parse their statement: Information received since the Federal Open Market Committee met in February indicates that the labor market has continued to strengthen and that economic activity has continued to expand at a moderate pace. Read more

US Equity and Economic Review: The Good News Continues

By: HaleStewart

This week's news was mostly bullish. The LEIs continued to increase and the housing market is still growing. Weak industrial production growth was the only negative. As for the markets, they continue to consolidate recent gains. Although they are expensive, the solid economic and earnings news provides ample support for their current rally. Read more

Weekly Indicators: positivity spreads among short leading and coincident indicators edition

By: New_Deal_democrat

February data was almost all positive, including housing starts and single family permits, which led to another big positive jump in the index of leading indicators. Industrial production was flat, but only because utilities set off continued positive readings in manufacturing and mining. Read more

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