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Weekly Indicators: forecast positive despite stock market gyrations edition

By: New_Deal_democrat

There was no January data this week. Wholesale inventories rose in December, but sales rose even more, driving the inventory to sales ratio down, also a positive. The JOLTS report for December was also positive. 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 - Feb 09, 2018

By: XE Market Analysis

The dollar firmed up some overall in N.Y. trade on Friday, support generally by safe-haven flows, the result of another Wall Street selloff. The DXY climbed to 90.56 highs from opening levels near 90.20. EUR-USD bottomed at 1.2206 from 1.2279 highs before bouncing to 1.2235, while USD-JPY remained correlated to equities, hitting 108.05, five-month lows. Read more

XE Market Analysis: North America - Feb 09, 2018

By: XE Market Analysis

The dollar traded steady-to-firmer today. EUR-USD drifted back under 1.2250 after a rebound capped out at 1.2287, shy of yesterday's 1.2295 high to maintain the run of lower highs that's been seen since the release of the January U.S. jobs report last Friday, which catalysed market expectations for the Fed to recommit to tightening monetary policy. Read more

XE Market Analysis: Europe - Feb 09, 2018

By: XE Market Analysis

The dollar has been trading mixed, losing ground to the euro, sterling, among other currencies, while gaining on the yen and Australian dollar . USD-JPY clocked a four-day low of 108.49 in the early Tokyo session before rebounding above 109.0, dropping amid a phase of yen buying after the Dow clocked a 4%-plus closing loss on Wall Street, before rebounding. Read more

XE Market Analysis: British Pound Rallies as BoE Signals More Rate Hikes

By: xemarketanalysis

OVERVIEW US congressional leaders reach a budget deal that adds to the deficit. GBP higher after Bank of England meeting. The Euro is softer after ECB comments on inflation and stimulus. German trade surplus shrunk for the first time in 8 years in 2017. Stock markets back in the red mark as global interest rates rise. HIGHLIGHT The British Pound is outperforming today and is up over 1% versus the Dollar after the Bank of England signaled an earlier rate increase. Read more

XE Market Analysis: Asia - Feb 08, 2018

By: XE Market Analysis

The DXY settled near mid-range in N.Y. on Thursday, bottoming at 90.03, and peaking at 90.42. Wall Street's plunge resulted in some save-haven USD buying, with the risk-sensitive yen being an exception. USD-JPY fell to 108.59 lows from 10975 early in the session. Read more

Senior Loan Officer Survey confirms looser credit conditions

By: New_Deal_democrat

A few days ago the Fed put out its Senior Loan Officer Survey. This is a long leading indicator for the economy, as it generally takes a year or two for a loosening or tightening of credit, which is what it measures, to filter through into the wider economy. If it was a portent of DOOOM, it would have been trumpeted from the mountaintops in the econoblogosphere. Read more

XE Market Analysis: North America - Feb 08, 2018

By: XE Market Analysis

The dollar has extended gains in London AM trading. The narrow trade-weighted USD index (DXY) was showing a net gain of 0.3%, as of the late London AM session , at 90.54, which is 3 cents off the day's high, itself the loftiest level seen since January 24. Read more

XE Market Analysis: Europe - Feb 08, 2018

By: XE Market Analysis

The dollar has traded mixed today, gaining moderately versus the euro, sterling, Australian dollar, among other currencies, but holding steady versus the Canadian dollar while gaining for a third straight day versus the yen. The Japanese currency has been coming under pressure as market participants trim safe haven trades as global markets find a toehold, albeit a fragile looking one. Read more

XE Market Analysis: Asia - Feb 07, 2018

By: XE Market Analysis

The dollar rallied in N.Y. trade on Wednesday, taking the DXY to better than two-week highs of 90.40. EUR-USD fell from 1.2350 highs at the open, to 1.2245. USD-JPY meanwhile, rallied from 109.13 to 109.67, as USD-CAD printed one-month highs of 1.2577 on the back of oil price weakness. Read more

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