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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

Weekly Indicators: interest rates improve, while rail carloads and vehicle sales disappoint edition

By: New_Deal_democrat

August data started out with positive ISM manufacturing and Chicago PMI, positive consumer confidence, but only a weakly positive employment report. Motor vehicle sales were a significant negative. July data included positive personal income and spending, but a decline in the savings rate. Read more

XE Market Analysis: Asia - Sep 01, 2017

By: XE Market Analysis

The dollar fell sharply in early N.Y. trade on Friday, driven down by the weaker than expected U.S. August employment report. EUR-USD spiked up to 1.1980 from under 1.1920, as USD-JPY tumbled to 109.57 from 110.10. USD-CAD initially dropped nearly 100 points to 26-month lows of 1.2340, as cable topped at 1.2995, a near three-week high. Read more

XE Market Analysis: Europe - Sep 01, 2017

By: XE Market Analysis

The dollar has steadied after extending declines during the early part of the Asia-Pacific session. The losses had been sparked yesterday by Treasury Secretary Mnunchi, who said that a weaker currency is better for trade (although adding that a stronger dollar in the longer run "inevitable" due to confidence in the U.S.). Read more

XE Market Analysis: Asia - Aug 31, 2017

By: XE Market Analysis

The dollar started out on a firmer footing, and was aided early on by decent incoming U.S. data. U.S. political uncertainty continued to make itself known however, while month-end conditions provided some chop, resulting in USD gains later to come unwound. Read more

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