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XE Market Analysis: North America - Oct 09, 2017

By: XE Market Analysis

The narrow trade-weighted USD index logged a new low, at 93.50, with the greenback coming under steady pressure today. The index logged a 10-week high at 94.10 just after the U.S. jobs release on Friday, as the unexpectedly negative employment print was offset by strenght in component parts of the report, which maintained expectations for the Fed to hike in December -- a drop in jobless rate to a new cycle low of 4.2% and a spike in hourly earnings. Read more

XE Market Analysis: Europe - Oct 09, 2017

By: XE Market Analysis

The dollar has opened the week on a soft footing, with the greenback posting lows in a holiday-thinned market below respective Friday lows against the yen, euro, sterling and a good number of other currencies. This follows the unexpected contraction in U.S. Read more

US Economic Week in Review: Hurricane Skewed Results Continue

By: HaleStewart

Recent hurricanes continue to impact data. Auto sales increased strongly, initial claims remain high and the employment report printed a hurricane caused contraction. It will take a few months for the impact to shake out. In other news, both ISM readings were strong and durable goods increased. Read more

US Bond Market Week in Review: Bullard Gets it Right

By: HaleStewart

Bullard is one of the Fed’s most original thinkers. He recently proposed a new interest rate regime that, instead of focusing on models, uses a very intuitive decision tree to determine if raising rates is appropriate. He gave a speech at the end of last week that asked three questions: would the US see GDP growth greater than 2% in the coming year, would inflation hit the Fed’s 2% inflation target, and would wages increase as unemployment decreases. Read more

International Economic Week in Review: Global Growth Continues

By: HaleStewart

This week, the only central bank to make a policy decision was the RBA, which maintained rates at 1.5%. In other news, the EU continues expanding at a solid pace, but the sentiment readings from the UK are weakening thanks to Brexit concerns. Read more

Weekly Indicators: credit spread makes 10 year low edition

By: New_Deal_democrat

September data was hedlined by a mixed employment report, with a loss of jobs in the establishment survey, but a huge gain in jobs, decline in the unemployment and underemployment rates, and a big increase in the employment to population ratio and labor force participation rates from the household survey. Other data included strongly positive motor vehicle sales and ISM manufacturing, and positive ISM services and August 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

XE Market Analysis: Asia - Oct 06, 2017

By: XE Market Analysis

The dollar popped higher following the negative NFP print of the September jobs report, though hurricane disruptions were widely anticipated to impact. Upbeat details, such as a surge in hourly earnings, a bump up in the participation rate, and a drop in the unemployment rate to a trend low 4.2% came to the greenback's aid. Read more

XE Market Analysis: US Employment Falls but Wages Rise Faster

By: xemarketanalysis

OVERVIEW USD rises to two-month high as wage growth unexpectedly jumps. CAD also supported by faster wage growth and employment growth. GBP weak as former Conservative party chair goes public with a plan to oust PM May. AUD weakens as RBA member unexpectedly talks about rate cuts and weak retail sales. HIGHLIGHT The US economy unexpectedly shed 33,000 jobs last month as Hurricane Harvey and Irma distorted the monthly employment report, though unemployment fell to 4.2%. Read more

XE Market Analysis: North America - Oct 06, 2017

By: XE Market Analysis

The dollar posted new highs before pulling back some as the release of the U.S. jobs report for September looms. USD-JPY logged a three-session high at 113.07 before settling to around 112.85-90, and EUR-USD printed an eight-week low 1.1686. USD-CAD logged five-week highs, while Cable plumbed a one-month low. Read more

XE Market Analysis: Europe - Oct 06, 2017

By: XE Market Analysis

The dollar has been bid up again, after dipping mid week, gaining concomitantly with Treasury yields following a set of strong data out of the U.S. yesterday, along with relatively hawkish Fedspeack and with all three of the main U.S. equity indices setting record closing highs for a fourth straight session. Read more

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