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XE Market Analysis: North America - Nov 10, 2015

By: XE Market Analysis

EUR-USD slumped back to the low 1.07s after a short-lived foray during the early London session to a peak of 1.0764. The low so far has been 1.0722, which is two pips above yesterday's low. ECB member Liikanen said that the central band stands ready and willing to act, firming speculation that a cut in the deposit rate is in the works for December. Read more

XE Market Analysis: Europe - Nov 10, 2015

By: XE Market Analysis

There has been little direction in currency markets, which were largely unaffected by the biggest drop on Wall Street in six weeks and mostly lower stock markets in Asia, nor by data showing a sub-forecast Japanese current account surplus, and a further slowdown in Chinese inflation. Read more

XE Market Analysis: Asia - Nov 09, 2015

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, perking up generally in early trade, before falling back into the London close. For the most part, it was a risk-off session, with Wall Street selling off sharply, seemingly in a delayed reaction to the prospects of a December Fed rate hike, which were ramped up following the strong U.S. Read more

XE Market Analysis: Europe - Nov 09, 2015

By: XE Market Analysis

Yen weakness has been a feature in early-week trade in Asia-Pacific, with the currency following its usual inverse correlation with stock markets. The combo of dollar strength and strong data out of the U.S. on Friday has been tonic for most equity markets in Asia (Australia a notable exception), leading to 11-week highs in both the Shanghai Composite and Nikkei 225. Read more

International Economic Week in Review: Secular Stagnation Gains Traction, Edition

By: HaleStewart

China’s surprise devaluation over the summer brought their slowdown into a very sharp focus. The slowdown is global. Recent analysis argues for a general economic malaise, which global bond markets corroborate: Ask any bond trader in Tokyo, London or New York what their view on the global economy is, and you’re likely to get a similar, decidedly downbeat answer. That’s not just because fixed-income types are a dour bunch at the best of times. Read more

US Equity and Economic Review: Bullish Moves On Weakening Revenue, Edition

By: HaleStewart

The ISM released their monthly manufacturing report this week. Although the headline number was a barely positive 50.1, new orders increased 2.8 and production advanced 1.1 (both increased to 52.9). These increases will hopefully keep next month’s number positive. Read more

US Bond Market Week in Review: It Looks Like They'll Hike, Edition

By: HaleStewart

Despite the persistence of low inflation, the Fed will probably raise rates in December. This begs the question, why? A Bloomberg article last week provides the answer: The Federal Reserve Board released an updated version of its large-scale model on the U.S. Read more

Weekly Indicators: dollar, commodity, and industrial trends all intensify edition

By: New_Deal_democrat

Monthly data for October began with a blowout jobs report, including declining unemployment rates and a nice increase in wage growth. Vehicle sales also had another blockbuster month. The ISM services index rose to very positive. Only ISM manufacturing was flat at a barely positive number. Read more

XE Market Analysis: Asia - Nov 06, 2015

By: XE Market Analysis

The dollar soared after the much better payroll headlines, taking EUR-USD to better than six-month lows of 1.0706 from 1.0840 ahead of the data. USD-JPY initially posted 2.5 month highs of 123.03, up from 121.90, then later touched a 123.26 peak. Yields snapped higher, as equity futures dropped on good news is bad news thinking. Read more

Employment report, plus houses and cars, supports no US downturn

By: New_Deal_democrat

This morning's jobs report was so good that it is a worthwhile counterweight to the increasing glee in the Doomer recession camp. I decided to take a look at how long it took for the economy to enter recession after a monthly increase of 271,000 (today's report) or more. Read more

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