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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

Weekly Indicators: it's all about bond yields edition

By: New_Deal_democrat

The sparse October data in this short week included a big jump in leading indicators (heavily influenced by a bounce back in hurricane-related data, an increase in existing home sales, a decline in total durable goods, but an increase in core durable goods, and a decline in both the present and future outlook in the University of Michigan sentiment index. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Asia - Nov 24, 2017

By: XE Market Analysis

FX trade was relatively quiet in N.Y. on Fridahy, with many traders remaining on holiday following Thursday's Thanksgiving Day. The greenback was mostly lower however, pushing the DXY to a two-month base of 92.68. EUR-USD vaulted to 1.1944 highs, while cable touched seven-week highs of 1.2259. Read more

XE Market Analysis: US Dollar Under Pressure as Euro Gains

By: xemarketanalysis

OVERVIEW Quiet holiday-thinned trade has caused the US Dollar to hit 5-week lows. GBP supported by positive Brexit noises. CAD is quiet but oil prices are higher. HIGHLIGHT The Euro has risen to a 2-month high versus the Dollar as recent economic data continues to show growing momentum across the single currency bloc. Read more

XE Market Analysis: North America - Nov 24, 2017

By: XE Market Analysis

The dollar traded mixed today, losing ground to the euro and, to a lesser extent, the pound, while grinding higher versus the yen and Canadian dollar, amongst other currencies. Strong data out of the Eurozone, today and yesterday, fed a bid for the euro, while the dollar settled against other currencies today after underperforming yesterday as markets continued to digest the Fed minutes to the recent Fed policy meeting, which had highlighted policymaker concerns about the persistence of benign inflationary readings. Read more

XE Market Analysis: Europe - Nov 24, 2017

By: XE Market Analysis

The dollar has managed to find a footing, with USD-JPY recouping above 111.50, putting in a little distance from the two-month low seen at 111.06 during early trading yesterday. EUR-USD dipped under 1.1840 after earlier edging out a nine-day high of 1.1859. Read more

XE Market Analysis: North America - Nov 23, 2017

By: XE Market Analysis

The dollar has remained on a weakening track following soft data out of the U.S. yesterday, which was followed up by the minutes to the recent Fed policy meeting highlighting policymaker concern about the persistence of benign inflationary readings. EUR-USD rallied to an eight-day high of 1.1847 while the USD index (DXY) concomitantly fell to a one-month low. Read more

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