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XE Market Analysis: The VIX Index Surges as Risk Aversion Dominates the Financial Markets

By: xemarketanalysis

OVERVIEW The VIX index, which is commonly referred to as the ‘fear index’, has surged to a reading above 50, which is equal to levels we saw in June 2016 in reaction to Brexit. German industrial orders surge 3.8%, helped by strong demand from abroad. The Reserve Bank of Australia leaves rates on hold at 1.5%. HIGHLIGHT Following on from Friday’s robust employment report from the US where we saw average earnings rise by 2.9%, this has certainly increased the pressure of the FOMC to raise rates again. Read more

XE Market Analysis: North America - Feb 06, 2018

By: XE Market Analysis

The dollar has held firm, and the yen firmer amid a persisting global risk aversion theme. Japan's Nikkei closed with a 4.8% loss, and was showing intraday losses of over 6% at the lows, while the Shanghai Composite and Australia's ASX 200 racked up losses of over 3%, and the main European indexes declines of over 2%. Read more

XE Market Analysis: Europe - Feb 06, 2018

By: XE Market Analysis

The dollar has held firm, and the yen firmer amid a persisting global risk aversion theme. Japan's Nikkei closed with a 4.8% loss, and was showing intraday losses of over 6% at the lows, while the Shanghai Composite and Australia's ASX 200 racked up losses of over 3%. Read more

XE Market Analysis: Sterling Struggles at the Start of the Week

By: xemarketanalysis

OVERVIEW US Dollar consolidates from Friday's gains. Theresa May says no to customs union post-Brexit. HIGHLIGHT The US Dollar has consolidated its gains from Friday on the back of a stronger than expected employment number last month. Read more

XE Market Analysis: Asia - Feb 05, 2018

By: XE Market Analysis

The dollar was mixed in relatively light trade in N.Y. on Monday, posting modest gains against the CAD and GBP, while ending a bit higher versus the euro, and down against the yen. The services ISM bear expectations and gave the greenback a small boost, though overall FX trade remained nervous given the backdrop of volatile equity and bond markets. Read more

XE Market Analysis: North America - Feb 05, 2018

By: XE Market Analysis

The dollar mostly consolidated at higher levels versus those seen ahead of the U.S. jobs report on Friday, though USD-JPY was an exception, with the pair slipping to the 109.75-85 area as the yen picked up safe haven bids amid a backdrop of coursing risk aversion in global stock markets as investors factor in rising inflation expectations and tighter monetary policy. Read more

XE Market Analysis: Europe - Feb 05, 2018

By: XE Market Analysis

The dollar has been consolidating gains seen on Friday in the wake of the above-forecast U.S. jobs report, which fired up Fed tightening expectations with a strong wage increase component. EUR-USD has been settled around 1.2450, above Friday's post-data low at 1.2409 but holding some 40 pips below levels that were prevailing ahead of the employment data. Read more

International Economic Week in Review: The EU and Canada Continue Growing at a Solid Pace

By: HaleStewart

            News from the EU continued in its positive vein.  GDP was up .6% Q/Q and 2.7% Y/Y: Read more

US Bond Market Week in Review: The Yellen Era Ends With a Bang

By: HaleStewart

This week was the end of the Yellen era. She was one of the most accomplished economists to rise to the top the Fed and presided over a period of “moderate” adjustment to monetary policy. We now enter the Powell era, which, by all accounts, will be a continuation of the gradual increase of interest rates. On Wednesday, the Fed voted to keep rate hikes on hold at the latest meeting. Read more

US Economic Week in Review: Consumer Spending is Very Strong

By: HaleStewart

This week, the economic news centered on the US consumer’s spending habits. PCEs increased strongly, which is corroborated by recent retail sales figures. Spending on durable goods was remarkably resilient, which was confirmed by this week’s auto sales numbers. Read more

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