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XE Market Analysis: Europe - Sep 06, 2017

By: XE Market Analysis

Narrow ranges have prevailed during Asian trading in to the London interbank opening. The USD index is net unchanged, and both EUR-USD and USD-JPY are near their respective New York closing levels of yesterday. AUD-USD provided some colour, taking a 40-plus pip dip after Australian Q2 GDP came in slightly below expectations, albeit at a robust growth pace of 0.8% y/y, up from 0.3% q/q in Q1, and marking the 26th consecutive month of expansion. Read more

XE Market Analysis: Asia - Sep 05, 2017

By: XE Market Analysis

The dollar remained under pressure through the N.Y. session on Tuesday, with risk-off firmly in place following the weekend N. Korea nuke test. In addition, U.S. politics, and hurricane concerns remain, with immigration, the debt ceiling, budget, and tax reform all up in the air, as the dysfunctional U.S. Read more

XE Market Analysis: Oz and NZ Dollars Surge After Dovish Fed Comments

By: xemarketanalysis

OVERVIEW US equity markets open lower as investors react to Sunday's North Korean bomb test. Markets still nervous as the focus remains on NK and concerns of another missile launch. Read more

XE Market Analysis: North America - Sep 05, 2017

By: XE Market Analysis

The yen and franc retained a safe haven bid, although the degree of risk aversion was somewhat less than a run to the hills, and more of a weary expression of concern with regard to the North Korea's ratcheting up of the geopolitical ante with nuclear testing. Read more

XE Market Analysis: Europe - Sep 05, 2017

By: XE Market Analysis

The yen and franc retained a safe haven bid, although the degree of risk aversion was somewhat less than a run to the hills, and more of a weary expression of concern with regard to the North Korea's ratcheting up of the geopolitical ante with nuclear testing. Read more

XE Market Analysis: Asia - Sep 04, 2017

By: XE Market Analysis

The USD index closed out in London with a 0.4% loss after a bout of selling during the opening volleys of Asia-Pacific trade and again during the London AM session. North Korea's weekend nuclear antics set a risk-off tone in global markets, which saw the dollar extend losses seen after Friday's sub-forecast U.S. Read more

International Economic Week in Review: Solid News Continues

By: HaleStewart

This week’s news continues in a very positive vein. The EU and Japan are growing at strong rates while Canada has clearly emerged from its recent oil-induced shallow recession. The OECD has noted this uptick in economic activity: Quarterly growth of real gross domestic product (GDP) in the OECD area accelerated to 0.7% in the second quarter of 2017, compared with 0.5% in the previous quarter, according to provisional estimates. Read more

US Bond Market Week in Review: Something Each For the Hawks and Doves

By: HaleStewart

         Friday’s employment report contained figures that would support any Fed governor’s rate raising arguments.  The three, six and twelve month moving average of job growth are holding steady between 150,000 and 200,000/month: Read more

US Equity and Economic Week in Review: Solid Numbers and a Potential Short-Term Rally

By: HaleStewart

This week, the BEA released their second estimate of 2Q17 GDP, which increased 3% Q/Q and 2.2% Y/Y. Internal numbers were solid. Personal consumption expenditures (PCEs) were up 2.7% Y/Y. Durable goods spending rose 6.8% Y/Y, thanks to contributions from spending on furnishings and recreational goods. Read more

XE Market Analysis: Europe - Sep 04, 2017

By: XE Market Analysis

USD-JPY dove back under 110.00 on geopolitical concerns and Friday's underwhelming U.S. August jobs report. North Korea tested a nuclear bomb on Sunday, ratcheting up market anxieties and seeing stock markets dove in Asia today. The yen met a burst of safe haven demand, sending USD-JPY to a 109.53 low, which is the lowest since last Tuesday. Read more

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