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XE Market Analysis: Europe - May 08, 2017

By: XE Market Analysis

The euro saw only a brief rally in the opening phases of trading in Asia Pacific following the well-anticipated victory of Macron in the runoff presidential election in France on Sunday. EUR-USD logged a peak of 1.1023, the first time the pairing has traded above the 1.10 level since last November. Read more

International Economic Week in Review: Australia Remains Solid

By: HaleStewart

The French election is still the most important international economic story. Macron is projected to win, but a now all too familiar last minute document hack occurring right before the final media blackout threw a potential wild card into the equation. Read more

US Equity and Economic Week in Review: 1Q Earnings Are Looking Good

By: HaleStewart

     For the first times in recent memory, personal spending data is slightly concerning.  In the latest BEA report, personal consumption expenditures were flat for the second consecutive month and rose .3% in 2009 dollars:  Read more

US Bond Market Week in Review: Are Weaker Auto Sales Forecasting a Slower 2Q GDP and Employment Number?

By: HaleStewart

To no one’s surprise, on Wednesday the Federal Reserve maintained their current interest rate policy. In the statement’s opening paragraph, they observe that the employment situation is strong and inflation is near their 2% target. They also argue that, “… the slowing in growth during the first quarter as likely to be transitory and [the Fed] continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, labor market conditions will strengthen somewhat further, and inflation will stabilize around 2 percent over the medium term.” On one hand, most economists and analysts took the first quarter’s low GDP growth rate in stride. Read more

Weekly Indicators: negatives all but disappear edition

By: New_Deal_democrat

April data started out with a very positive employment report. Auto sales were neutral. ISM measures of both manufacturing and services were quite positive, although less so than March. March factory orders and personal income were positive. Nominal personal spending was flat, but adjusted for deflation was positive. Read more

XE Market Analysis: Asia - May 05, 2017

By: XE Market Analysis

A solid April U.S. jobs report left the dollar mostly lower in N.Y. trade on Friday. Despite the data upping the odds for a June Fed rate hike, EUR-USD rallied to fresh six-month highs just shy of 1.1000. Pre-France election buying appeared to be the driver. Read more

XE Market Analysis: U.S. Unemployment Lowest in a Decade

By: xemarketanalysis

OVERVIEW Markets were boosted by a strong US jobs number and oil prices have rebounded slightly from a 6-month low. BoJ governor Kuroda said he was confident inflation will accelerate "significantly" with massive monetary stimulus and fiscal support as the economy recovers. The Canadian economy created fewer jobs than expected last month, while the unemployment rate fell to 6.5%. HIGHLIGHT The US jobs market rebounded in April with 211,000 jobs added and the unemployment rate now stands at just 4.4%, its lowest in a decade. US DOLLAR The US Dollar is weaker against the majority of its G10 counterparts despite the strong employment report. Read more

XE Market Analysis: North America - May 05, 2017

By: XE Market Analysis

The euro has corrected somewhat after logging fresh highs during the Asia session, a six-month high at 1.0990 in the case of EUR-USD, and a four-month peak at 123.67 in the case of EUR-JPY. The risk event that is the release of the U.S. April jobs report, later today, along with the natural desire for some to square positions ahead of the weekend, have influenced the ebb in the euro after the common currency rallied strongly through the week as markets anticipate a solid victory for pro-EU Macron in France's runoff presidential election on Sunday. Read more

XE Market Analysis: Europe - May 05, 2017

By: XE Market Analysis

The dollar has been trading mixed as today's release of the April U.S. jobs report looms, falling against the yen and euro while gaining versus commodity currencies. Risk appetite has soured with oil prices dropping below $45 (for the firs time since last November) and with China taking efforts to de-bubble its property market (with liquidity draining operations sending money market rates higher). Read more

XE Market Analysis: Asia - May 04, 2017

By: XE Market Analysis

Mixed incoming U.S. data weighed on the dollar in N.Y. on Thursday, while the euro found strength from a poll putting Macron further ahead of LePen for the French presidency. EUR-USD rallied to near 6-month highs of 1.0979. USD-JPY meanwhile topped at a 6-week peak of 113.04, before falling into 112.40 on softer risk taking conditions. Read more

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