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XE Market Analysis: Europe - Nov 29, 2017

By: XE Market Analysis

Sterling has been the star performer, with markets responding to a story in the Telegraph newspaper reporting that the UK and the EU have agreed on a financial divorcing settlement, which could be up to GBP 55 bln, according to other sources. Despite a government source saying that "there is, as yet, no settlement" and "negotiations are ongoing," and despite the fact that the Irish border remains a sticking point with Dublin intransigent on its view that there can be no hard customs border between the north and the south, the pound rallied. Read more

XE Market Analysis: Asia - Nov 28, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, with some choppy price action noted in both USD-JPY and GBP-USD. The former fell to session lows of 111.06 from near 111.45 after a reported N. Korea missile test. Cable meanwhile, rocketed up to 1.3371 highs from 1.3235 after reports circulated that the EU and U.K. Read more

XE Market Analysis: North America - Nov 28, 2017

By: XE Market Analysis

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand for the yen on reports that North Korea was prepping another test of a ICBM. Read more

XE Market Analysis: Europe - Nov 28, 2017

By: XE Market Analysis

The dollar has lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy, and on the political front in Germany and Catalonia, along with the risk for the Irish border to become a major sticking point in the Brexit negotiation. Read more

XE Market Analysis: US Dollar Remains Soft

By: xemarketanalysis

OVERVIEW USD slipped to 2-month low, with recovers on new home sales. The Euro hits a 2-month high on hopes for a German 'grand coalition'. Read more

XE Market Analysis: Asia - Nov 27, 2017

By: XE Market Analysis

The dollar was mostly firmer in N.Y. trade on Monday, supported by better housing data, and hopes for a U.S. tax reform package, as the Sentate pushes to pass its version this week. EUR-USD eased back to 1.1898 lows after printing new 2-month highs of 1.1961 early in the session. Read more

International Economic Week in Review: Global Growth Continues

By: HaleStewart

Good news continues. The ECB’s latest analysis of the EU economy shows a region with an accelerating expansion. Australia is growing as well. Although the latest GDP revision pointed toward a solid expansion, the Treasury department issued a sharp downgrade for future growth. Read more

US Economic Week in Review: The Autopilot Economy Continues to Move Forward

By: HaleStewart

We continue to see healthy numbers from the economy. While the LEIs increased smartly this month, we’ll more than likely see a slower but positive number next month. The Census Bureau continues to report durable goods orders in the $220-$240 million/month range, indicating a steady demand. Read more

US Bond Market Week in Review: Is the Fed's Inflation Thinking Finally Changing?

By: HaleStewart

This expansion has been difficult for the Fed due to its dual mandate. The jobs market is near full employment, save for the weaker utilization numbers, which fulfills half of the Fed's dual mandate Prices are a different story. For the last few years, economic commentators have noted the dichotomy between the Fed’s rosy inflation predictions – which continually project PCE inflation at 2% in the intermediate term – and the underlying trend, which has been weaker than the central bank’s projections. Read more

US Bond Market Week in Review: Is the Fed's Inflation Thinking Finally Changing?

By: HaleStewart

This expansion has been difficult for the Fed due to its dual mandate. The jobs market is near full employment, save for the weaker utilization numbers, which fulfills half of the Fed's dual mandate Prices are a different story. For the last few years, economic commentators have noted the dichotomy between the Fed’s rosy inflation predictions – which continually project PCE inflation at 2% in the intermediate term – and the underlying trend, which has been weaker than the central bank’s projections. Read more

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