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International Economic Week in Review: A Very Light Week of News

By: HaleStewart

This was a light week of news. Markit released their latest services and composite indicators for the EU. While both dropped (the former by .8 to 55, the latter by .7 to 56), each remains at expansionary levels. More importantly, overall production was very strong: France’s number was 57.4; Germany’s was 56; Spain’s was 55.1 (especially impressive considering the country is in the middle of constitutional crisis); Italy’s was 53.9. Read more

US Economic Week in Review: The Economy is in Good Shape

By: HaleStewart

            There was little economic news this week for the U.S., which makes this an appropriate time to review some leading and coincident indicators to assess the current situation in the U.S. economy. Read more

US Bond Market Week in Review: The Fixed Income Market is Very Healthy

By: HaleStewart

This was a light week for U.S. bond market news. There were no speeches of consequence, nor economic releases that have an impact on Fed policy. But there were some interesting movements in the fixed income markets, especially in the high-yield area. Read more

Weekly Indicators: short term strength, long term crosscurrents edition

By: New_Deal_democrat

October data was limited to University of Michigan consumer sentiment, which declined but is still near peak levels for this expansion. The September JOLTS survey showed a decline in openings, hires, and layoffs, with an increase in quits. In the longer term the trend in openings and quits continues positive, while hires and quits are flat, and layoffs are increasing. Read more

XE Market Analysis: Asia - Nov 10, 2017

By: XE Market Analysis

The dollar remained under some pressure in N.Y. trade on Friday, alowing the DXY to print 12-session lows of 94.26, just above its 20-day moving average of 94.24. Wall Street was heavy as well, though yields held firm. Optimism over tax reform has faded this week, with House and Senate proposals still far away from each other, which have wieghed on U.S. Read more

XE Market Analysis: Dollar Weakens on Tax Reform Doubts

By: xemarketanalysis

OVERVIEW The Pound was boosted by better-than-expected data and Brexit comments. The Canadian Dollar is supported by a rise in oil prices and a weakening of the USD. South African Rand falls to a one-year low as fears mount over the country's debt. Mexican Peso firms after the central bank signaled it would not cut interest rates anytime soon. HIGHLIGHT The Dollar is under pressure as we head into the weekend on increased skepticism that the tax reform may not get passed before the new year. Read more

XE Market Analysis: North America - Nov 10, 2017

By: XE Market Analysis

EUR-USD edged out a fresh one-week high of 1.1662 after picking up bids following a dip under 1.1630. The market remains in sell-on-gains mode with regard to the dollar, following news that the Senate is delaying the implementation of its planned corporate tax cut. Read more

XE Market Analysis: Europe - Nov 10, 2017

By: XE Market Analysis

The dollar has found its feet after yesterday's tumble on new of a U.S. tax cut delay and more limited scope of some planned cuts. EUR-USD has settled below the one-week high seen at 1.1655 and USD-JPY has recouped to around 113.40 after clocking a low at 113.09, which is the lowest level seen since October 31. Read more

XE Market Analysis: Asia - Nov 09, 2017

By: XE Market Analysis

The dollar was broadly lower in N.Y. on Thursday, hit by risk-off conditions which saw Wall Street tumble. Differing versions of the U.S. House and Senate tax reform bills, with the latter delaying corporate tax cuts until 2019, were behind the sell-off, leaving market expectations for a bill passage anytime soon heavily reduced. Read more

XE Market Analysis: US Dollar at a Disadvantage Due to Tax-cut Sentiment

By: xemarketanalysis

OVERVIEW US Dollar slumps ahead of Senate Republicans tax-cut bill release. Bitcoin hits an all-time high of $7888. Sterling has managed to avoid any losses due to the political turmoil unfolding. HIGHLIGHT The Euro has capitalized on a weaker Dollar and moved back above 1.1600. Read more

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