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XE Market Analysis: US Dollar Quiet After Biggest Weekly Rise in 2017

By: xemarketanalysis

OVERVIEW Friday's mixed employment report and caution over US tax reforms leave the US Dollar marginally weaker. GBP is steady on hopes for progress in Brexit negotiations this week. Read more

Rising producer prices are flashing a caution signal

By: New_Deal_democrat

In addition to my long leading/ short leading/ coincident paradigm for forecasting expansions and recessions, I have a couple of fundamentals based alternative approaches that tell me how confident I should be. One alternative method is to look at the health of consumers: are real wages increasing? If not, are interest rates on mortgages and other loans falling in a way that allows refinancing? If not, are widely held asset classes like housing and stock prices rising? Nothing has changed on that front recently: real wages are treading water and interest rates have not fallen to new lows. Read more

XE Market Analysis: North America - Nov 06, 2017

By: XE Market Analysis

EUR-USD came under moderate pressure amid a mixed bag of leads out of the Eurozone, with the final October composite PMI reading being revised higher (to 56.0 from 55.9) being offset by dovish tilting remarks by ECB member Praet, who said that a "substantial amount of monetary accommodation continues to be necessary." The euro clocked a low of 1.1588, which is the lowest traded since October 27, building on the decline seen on Friday following the U.S. Read more

XE Market Analysis: Europe - Nov 06, 2017

By: XE Market Analysis

Most dollar majors have been seeing narrow ranges. EUR-USD, for instance, has been plying a narrow range around the 1.1600 level, consolidating after dropping from levels near 1.1700 on Friday following the U.S. October jobs report, which although disappointing in the headline (at 216k), showed the jobless rate dipping and back revisions adding a further 90k in jobs. Read more

US Economic Week in Review: The Economy is Operating Solidly

By: HaleStewart

This week’s news pointed to a solidly expanding US economy. Personal consumption expenditures continued growing at an impressive pace. The ISM surveys also showed continued growth. While the jobs report was strong, it’s best to look at the averages, which show the economy is continuing to grow at a moderate pace. On Monday, the BEA released the latest monthly personal income and spending data. Read more

International Economic Week in Review: The BOJ and BOE Release Their Latest Statements

By: HaleStewart

This week, the BOJ issued their latest policy statement, which was a continuation of their low interest rate policy. Other data indicated that Abenomics is working. EU news continued to impress. The BOE raised rates. However, their policy announcement contained contradictory statements about future growth prospects. This week, the BOJ released their latest policy announcement, which was a continuation of negative interest rates and “yield curve control” – where the BOJ targets the 10-year JGB yield at 0%. Read more

US Bond Market Week in Review: Powell Is Remarkably Mainstream

By: HaleStewart

Because he was more of a regulator than an economist, Governor Powell flew below my radar screen. So when Trump nominated Powell to be the new head of the Federal Reserve, I had to do my homework, reading speeches he has given over the last year or to become acquainted with his macroeconomic outlook. Read more

Weekly Indicators: corporate bonds break out positively edition

By: New_Deal_democrat

October data started out almost entirely positive, with very strong ISM manufacturing and services readings, a strong rebound in vehicle sales for the second month in a row, strongly positive consumer confidence, an underemployment rate equal to the lowest since 2000, and an unemployment rate lower than any since then. Read more

XE Market Analysis: US Dollar Sinks on Slow Employment Growth

By: xemarketanalysis

OVERVIEW The Sterling has managed to claw back some of yesterday's losses. US Dollar hits one week low after a weaker jobs report was released. The Loonie is stronger today after the strengthened employment numbers were released. HIGHLIGHT The US Dollar fell to a one week low after the US nonfarm payrolls number was disappointing for October. Read more

XE Market Analysis: North America - Nov 03, 2017

By: XE Market Analysis

The dollar majors have hunkered down into the release of the U.S. October payrolls, which is up later today and will fine-tune Fed policy expectations for the period ahead, including the December FOMC where there Fed is widely expected to resume its gradualist tightening policy with a 25bp hike in the funds rate. Read more


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