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XE Market Analysis: North America - Jan 09, 2018

By: XE Market Analysis

The dollar and yen rallied against most other currencies, while USD-JPY itself posted moderate declines. The yen was lifted by the BoJ announcing a tapering in QE, which sent USD-JPY some 70 pips lower to a three-session low of 112.49. EUR-JPY and other yen crosses saw a similar price action. Read more

XE Market Analysis: Europe - Jan 09, 2018

By: XE Market Analysis

The yen spiked on the BoJ announcement of QE tapering, which sent USD-JPY some 70 pips lower to a 112.9 low. EUR-JPY and other yen crosses saw a similar price action. The BoJ announced that purchases of 10- to 25-year JGBs would be trimmed to Y190 bln from Y200 bln, with purchases of debt with maturities of over 25 years to Y80 bln from Y90 bln. Read more

Sterling Strengthens as PM May Reshuffles Her Cabinet

By: xemarketanalysis

OVERVIEW The Sterling shrugs off some reshuffling in the cabinet to strengthen on the day. The Euro remains under pressure as the latest economic data from Germany points to some rare weakness. The Canadian Dollar weakens as the Bank of Canada points to some moderation ahead in the economy. The US Dollar remains unchanged after Friday's jobs report, with another month wait for further insight. HIGHLIGHT Theresa May is reshuffling her cabinet with Brandon Lewis replacing Patrick Mcloughlin as Chairman of the Conservative Party. US DOLLAR The Dollar is steady after Friday's jobs report which gave us no further clues in terms of the interest rate outlook in the US, where no change is widely expected at the next meeting on the 31st of January. BRITISH POUND The Pound is marginally higher on the day as PM May reshuffles her cabinet. Read more

XE Market Analysis: Asia - Jan 08, 2018

By: XE Market Analysis

The dollar was marginally firmer in N.Y. trade on Monday, though major pairings remained inside of relatively tight ranges. EUR-USD touched lows of the year at 1.1960, while USD-JPY was a bit heavy on the back of modest Wall Street losses, bottoming at 112.89. Read more

XE Market Analysis: North America - Jan 08, 2018

By: XE Market Analysis

The dollar opened the week on a firm footing. has opened the new week on a firmer footing, with EUR-USD ebbing under 1.2000 for the first time this year and USD-JPY lifting back to within a few pips of Friday's 12-day high at 113.31 before backing off some. Read more

XE Market Analysis: Europe - Jan 08, 2018

By: XE Market Analysis

The dollar has opened the new week on a firmer footing, with EUR-USD ebbing to a three-session low of 1.2006 and USD-JPY lifting back to within a few pips of Friday's 12-day high at 113.31. The dollar has also made gains versus sterling and the Australian dollar, tumbling by 0.4% against the latter to a two-session low of 0.7835. Read more

Weekly indicators: a very positive new year edition

By: New_Deal_democrat

December data started out with an improvement in motor vehicle sales and the ISM manufacturing index. ISM services was positive but decelerated from last month. Jobs were positive but also showed deceleration. The unemployment rate held steady. The underemployment rate rose slightly, a negative. November data included positive construction spending in all categories, and positive factory orders. 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

US Economic Week in Review: The Labor Market is on Solid Footing

By: HaleStewart

Jobs data is one of the most important sets of economic information used by economists. A high rate of hiring is prima facia evidence of a growing economy and increasing demand. Strong jobs growth also supports higher consumer spending, which is responsible for 70% of US economic growth. Read more

US Bond Market Week in Review: Rate Hikes Are Still On for 2018

By: HaleStewart

On Wednesday, the Federal Reserve released the latest Meeting Minutes, which were taken during December’s meeting. The Fed believes that financing conditions are supportive and that the economy ended the year on a high-note. However, there are still a large number of conflicting views among the Fed governors regarding inflation, indicating there is no consensus about the cause of still low rates. The Minutes offered the following general assessment of the financial markets: Movements in domestic financial asset prices over the intermeeting period reflected slightly stronger-than-expected economic data releases, announcements related to Treasury debt issuance, and an increase in the perceived probability that the Congress would enact tax legislation. Read more

International Economic Week in Review: 2018 Starts With a Bang

By: HaleStewart

What this week lacked in volume, it made up for in weight. Markit released their monthly PMI numbers for all the advanced economies. If Europe’s numbers continue in this manner for the rest of the year, the continent can expect its best post-Recession growth totals om 2018. Read more

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