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Weekly Indicators: coincident rough patch continues edition

By: New_Deal_democrat

January data this week was sparse: existing home sales were negative, but the Index of Leading Indicators was strongly positive. 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: Canadian CPI Cools Less Than Forecast

By: xemarketanalysis

OVERVIEW USD closing the week marginally firmer. GBP higher on positive tone from government strategy meeting. EUR weaker as inflation remained soft last month. JPY rises despite still weak inflation. HIGHLIGHT Canadian annual inflation cooled less than expected last month with CPI rising 1.7%, down from 1.9% in December. Read more

XE Market Analysis: Asia - Feb 23, 2018

By: XE Market Analysis

The dollar traded mostly sideways in N.Y. on Friday. There was no data to move markets, though Wall Street posted gains, and yields moved a bit lower relative to Thursday's close. EUR-USD meandered inside a 1.2318 to 1.2286 band, while USD-JPY managed a narrow 106.90 to 106.52 range. Read more

XE Market Analysis: Europe - Feb 23, 2018

By: XE Market Analysis

The dollar has traded moderately higher, heading into the London interbank open with a 0.3% advance versed the euro, Swiss franc and yen, and comparatively more modest gains against the Australian and Canadian dollars. The New Zealand dollar has stood out as the weakness currency of the units we track, with a 0.7% loss versus the U.S. Read more

XE Market Analysis: Asia - Feb 22, 2018

By: XE Market Analysis

The dollar moved off of its eight session hi in N.Y. trade on Thursday, leaving the DXY at 89.64 lows, down from 90.23 overnight highs. Incoming data was better than expected, as jobless claims fell, and leading indicators were better than forecast. There was little FX reaction however. Read more

XE Market Analysis: Japanese Yen Rises After Hawkish FOMC Minutes

By: xemarketanalysis

OVERVIEW USD struggles to hold onto overnight gains following FOMC minutes. EUR broadly higher despite weaker Ifo and slightly dovish ECB minutes. GBP is mixed with economic growth data revised down. CAD weaker after retail sales decline. MXN rises as CPI cools, easing pressure on incomes. Read more

XE Market Analysis: North America - Feb 22, 2018

By: XE Market Analysis

The dollar came off the boil during the London AM session after posting fresh gains in Asia. USD-JPY was an exception, having dipped quite sharply at the Tokyo fixing (on netted out corporate demand for yen), posting a low at 107.15, before recouping. Read more

XE Market Analysis: Europe - Feb 22, 2018

By: XE Market Analysis

The dollar has continued to mostly trade firmer, this time amid a backdrop of fresh equity market declines on Wall Street and in Asia (which the exception of Chinese markets, which have been playing catch-up following the prolonged Lunar New Year break). Read more

XE Market Analysis: Asia - Feb 21, 2018

By: XE Market Analysis

The dollar edged higher through the morning session in N.Y. on Wednesday, taking the DXY to six-session highs of 89.99. The greenback later moved lower on the FOMC minutes, as the Fed said a gradual approach to tightening remained appropriate, and as it sees few signs of broad wage growth increases (which got markets in a tizzy following the strong earnings outcome in the last jobs report). Read more

XE Market Analysis: Sterling Under Pressure as UK Jobless Rate Rises

By: xemarketanalysis

OVERVIEW GBP is trading at a disadvantage due to calls for gaining full regulatory autonomy after Brexit and the jobless rate rises. The Canadian Dollar continues to weaken as oil prices drop and the US Dollar resurges. The Euro is trading at a disadvantage against the US Dollar as the Purchasing Managers Indexes for both the service sector and manufacturing are disappointed. The Australian Dollar continues to fall as wage inflation remains muted. HIGHLIGHT The GB Pound is under pressure as the jobless rate rose unexpectedly for the first time in 2 years from 4.3% to 4.4%. US DOLLAR The Dollar continues to strengthen and reverse some of its losses that we have witnessed since November last year. BRITISH POUND The Pound remains sensitive to Brexit news as more than 60 lawmakers demand UK PM May to deliver Brexit with full autonomy. EURO The Euro is lower today as the PMI surveys for both manufacturing and services disappoint market expectations. Read more


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