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Weekly Indicators: stocks and bonds take center stage edition

By: New_Deal_democrat

January data started out with a strong headline jobs number, and a much touted big increase in average wages for all workers.. But the unemployment rate stalled, and underemployment actually increased slightly. Meanwhile, workers who aren't in management didn't see that big increase in wages at all, as that YoY metric made no headway. Read more

XE Market Analysis: Asia - Feb 02, 2018

By: XE Market Analysis

The dollar rallied sharply on the back of the solid jobs report, and the jump in hourly earnings. Treasury yields soared to trend highs, after the jobs numbers, and the rebound in factory order and Michigan sentiment. Wall Street was not happy with the yield bounce, as stocks were hammered lower. Read more

XE Market Analysis: Dollar Strengthens as Wage Growth Accelerates

By: xemarketanalysis

OVERVIEW UK construction activity almost stalls in January. US consumer sentiment rises in January. Global equity markets are down as interest rates rise. Bitcoin and other cryptocurrencies are down 20%. HIGHLIGHT The US Dollar is higher against all its major counterparts after the US employment report showed another solid month of job creation last month, and wage growth accelerated more than expected. Read more

XE Market Analysis: North America - Feb 02, 2018

By: XE Market Analysis

The dollar has been directionally mixed since the FOMC earlier this week, gaining mostly notably versus the yen, and the Australian dollar, but losing ground to the main European currencies, including the euro, sterling and Swiss franc. The dollar has also been somewhat mixed against developing-world currencies. Read more

XE Market Analysis: Asia - Feb 01, 2018

By: XE Market Analysis

The dollar was dented by a weak productivity print, though did not recover in the aftermath of a good manufacturing ISM and solid construction spending. EUR-USD bottomed at 1.2343, before rallying to 1.2498 highs. USD-JPY trade to 109.24 lows, though found some support as Wall Street recovered. Read more

XE Market Analysis: North America - Feb 01, 2018

By: XE Market Analysis

The yen and Australian dollar came under pressure, while the dollar traded steady-to-softer versus most other currencies. USD-JPY has forayed to a one-week high of 109.75, extending the recovery from last week's four-month low at 108.28. Yen crosses also gain, with EUR-JPY, for instance, up by 0.7% in the early London PM session. Read more

XE Market Analysis: Europe - Feb 01, 2018

By: XE Market Analysis

The has dollar has traded firmer in the wake of yesterday's FOMC announcement, which brought the expected no-change decision in policy settings but was accompanied by upgrades in the Fed's growth and inflation projections. The narrow trade-weighted USD index (DXY) is up 0.6% from four-session yesterday's low at 88.78, logging a high of 89.31. Read more

XE Market Analysis: Asia - Jan 31, 2018

By: XE Market Analysis

Trade was quiet ahead of the FOMC, though the dollar did perk up some on pre-Fed short covering, helped by a stronger than expected ADP jobs report. The dollar chopped around inside a narrow range after the FOMC announcement, before steadying unchanged to a bit higher after the dust had settled. Read more

XE Market Analysis: Dollar on Course for Biggest Monthly Loss in 2 Years

By: xemarketanalysis

OVERVIEW GBP weakens as the EU says no to special financial services deal. EUR supported by stronger core inflation data. ADP reports 234k jobs were added in the private sector last month. UK consumer confidence rises unexpectedly, outlook still soft. AUD slips after inflation weaker than forecast. BoJ signals no immediate end to stimulus. HIGHLIGHT The struggling US Dollar is on track to post its biggest monthly decline in nearly two years as investors ramp up bets that a continued hawkish stance from the Federal Reserve won’t support the Greenback against the backdrop of a pickup in global growth. Read more

XE Market Analysis: North America - Jan 31, 2018

By: XE Market Analysis

The dollar rebounded during the London AM session after coming under pressure during in Asia, with the looming Fed announcement serving to inspire position trimming, quelling trend following. The USD index (DXY) recovered to 88.98 after logging a three-session low at 88.82. Read more

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