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XE Market Analysis: Europe - Sep 11, 2017

By: XE Market Analysis

The dollar gained while safe haven currencies weakened in early week trade, concomitantly with stock market rallies amid relief that North Korea refrained from conducting a further missile test over the weekend (which had been widely feared heading into the weekend). Read more

International Economic Week in Review: The Bank of Canada Raises Rates; The ECB and RBA Stand Pat

By: HaleStewart

     This was a busy week for central banks: the Bank of Canada raised rates while the ECB and RBA maintained their current respective interest rates.  Other news was largely positive with statistics continuing to show a broadly advancing global environment. Read more

US Equity and Economic Week in Review -- Is the Market Topping Out?

By: HaleStewart

This week, the Institute of Supply Management released their latest manufacturing and service sector surveys. Both indicate broad swaths of the economy are on solid ground. The only bearish news this week were a continued weakness in auto sales, as the annual sales pace once again declined. Read more

US Bond Market Week in Review: Bullard and Brainard Challenge Conventional Inflation Thinking

By: HaleStewart

The Fed has publicly stated it has a 2% inflation target. Yet inflation has been stubbornly uncooperative in reaching this level. Although the PCE price deflator moved above 2% earlier this year, it has since decreased; both the overall and core rates are now 1.4%: The latest Fed meeting minutes show the Fed is concerned about weak price pressures; they discussed this topic at the latest meeting, offering the following explanations: These included a diminished responsiveness of prices to resource pressures, a lower natural rate of unemployment, the possibility that slack may be better measured by labor market indicators other than unemployment, lags in the reaction of nominal wage growth and inflation to labor market tightening, and restraints on pricing power from global developments and from innovations to business models spurred by advances in technology. Read more

Weekly Indicators: brace for hurricane impacts edition

By: New_Deal_democrat

August data consisted of a positive ISM services index. July data included a decline in factory orders, but a rise in both sales and inventories at the wholesale level. The ratio of inventory to sales was flat. 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: US Dollar Slide Continues

By: xemarketanalysis

OVERVIEW Euro hit a 2.5 year high against a weaker US Dollar as Hurricane Irma storms towards Florida. UK factory output increased at the fastest pace this year in July, but the trade deficit remained large at £11.58 billion. German trade surplus narrowed in August with exports growing less than expected. Read more

XE Market Analysis: Asia - Sep 08, 2017

By: XE Market Analysis

The dollar managed a dead cat bounce from overnight trend lows, which saw the DXY print 91.02, the weakest since the beginning of 2015. EUR-USD retreated to 1.2015 lows from 1.2092, as USD-JPY recovered briefly to 108.07 highs, from 107.32. USD-CAD bounced from 28-month lows of 1.2062 to 1.2165 following a mixed Canada jobs report. Read more

XE Market Analysis: North America - Sep 08, 2017

By: XE Market Analysis

USD-JPY continued to lead broader dollar declines amid a mix of bearish drivers, including year lows in U.S. Treasury yields, risks for a further ratcheting up in North Korea tensions as the rogue nation nears nuclear ICBM capability, and the dollar-bearish narrative being generated by Hurricane Irma's track toward the south east U.S. Read more

XE Market Analysis: Europe - Sep 08, 2017

By: XE Market Analysis

USD-JPY has led broader dollar declines amid a mix of bearish drivers, including year lows in U.S. Treasury yields, risks for a further ratcheting up in North Korea tensions as the rogue nation nears nuclear ICBM capability, and the dollar-bearish narrative being generated by Hurricane Irma's track to Florida and the south east U.S., and the fallout form Hurricane Harvey. Read more

XE Market Analysis: Asia - Sep 07, 2017

By: XE Market Analysis

The dollar was weaker again in N.Y. trade on Thursday, largely prompted by a hawkish tilting ECB press concerence. Improved Q2 U.S. prductivity, and a hurricane related spike in jobless claims had little impact on the FX market. At his press concerence, Draghi revealed concern over euro strength, as he downplayed any tightening timing, and as the bank downgraded inflation expectaions. Read more

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