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XE Market Analysis: Asia - Dec 04, 2017

By: XE Market Analysis

The dollar got a post-Senate tax bill passage bump higher during Asian hours on Monday, though was relatively steady through the N.Y. session. EUR-USD plied a narrow range, albeit near its overnight low, bottoming at 1.1830. USD-JPY pulled back from over two-week highs of 113.08, though found support into 112.70.USD-CAD edged a bit higher on the back of softer oil prices, topping over 1.2715, while cable pulled back 100 points to 1.3414 after it became clear there was no Brexit breakthrough during the meeting between May and Juncker.[EUR, USD]EUR-USD had a quiet session, managing just a 1.1830 to 1.1859 trading band from the N.Y. Read more

XE Market Analysis: Pound Retreats After No Brexit Deal, US Dollar Gains on Tax Reform

By: xemarketanalysis

OVERVIEW USD gains after the Senate approved the tax bill. The Euro is softer after investor sentiment fell more than expected. US stock markets jumped more than 1% on tax progress to fresh record highs. Swiss Franc weakens 1% as investors seek higher risk, higher return assets. HIGHLIGHT The Pound rallied almost one percentage point versus the US Dollar amid hopes that the UK/EU were on course to reach an 11th hour deal on key stumbling blocks. Read more

XE Market Analysis: North America - Dec 04, 2017

By: XE Market Analysis

The dollar rallied on the Senate's tax cut vote, with USD-JPY rising by over 0.7% in clocking a three-week high of 113.07 and EUR-USD ebbing by nearly 0.5% in making a two-session low of 1.1836, which is near the midway level of the range that's been seen over the last three months. Read more

US Economic Week in Review: Thank God the Economy is On Autopilot Right Now

By: HaleStewart

The autopilot economy continues growing. This week, the BEA released the second estimate for second quarter GDP, which showed solid, broad-based growth. Personal consumption expenditures also rose. Consumer confidence hit a 17-uyear high and new home sales rose to their highest level since the recession. The BEA released their latest estimate of 3Q GDP, which had a 2.3% Y/Y headline number percentage change. Read more

US Bond Market Week in Review: A Variety of Views on Inflation

By: HaleStewart

There is little debate among Fed policy makers about the jobs market; there exists a near-universal consensus that we’re at employment. Inflation, however, is a different story. Several Fed presidents made speeches that week perfectly exemplified the current state of debate. Read more

International Economic Week in Review: More and More Solid News

By: HaleStewart

The OCED released their latest World Economic Outlook, which was largely upbeat. The organization is projecting a 3.5% global growth rate for 2017. While this is below past expansions, it is the highest level in seven years. Low rates are helping to support developed countries while increased Chinese investment is boosting demand from commodity exporting emerging economies. Read more

Weekly Indicators: positive housing slightly outweighs real M2 downgrade to negative edition

By: New_Deal_democrat

November data started out with vehicle sales, the Chicago PMI, and ISM manufacturing indexes all cooling slightly, but still very positive. Consumer confidence improved, driven mainly by a jump in the future expectations component. October data included a new expansion high in new home sales. Read more

XE Market Analysis: Asia - Dec 01, 2017

By: XE Market Analysis

The dollar was on a slight upward trajectory in morning N.Y. trade on Friday, though hit the skids hard following the Flynn Russia plea deal, which certainly will keep the White House on its toes. EUR-USD popped to 1.1934 from near 1.1860, after basing at 1.1850 at mid morning, as USD-JPY tanked to 111.41 from 112.80. Read more

XE Market Analysis: Dollar Outlook Negative on Political Uncertainty

By: xemarketanalysis

OVERVIEW The Pound remains strong across the board on positive Brexit tone and strong economic data. The Euro is steady as Eurozone factories have had their busiest month in 17 years. The Dollar looks vulnerable as Trump's administration looks set to change again. HIGHLIGHT Manufacturing data has been the focus for this week. Read more

Extreme measures? An updated look at corporate profits vs. stock prices

By: New_Deal_democrat

This is an update of prior posts on this subject. One insight generated by making use of overall leading economic indicators is that, if corporate profits are a long leading indicator, and stock prices a short one, then it stands to reason that corporate profits actually lead, rather than follow, stocks, at least when measured as a quarterly average. Corporate profits have now been reported for Q3 2017. Read more

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