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XE Market Analysis: Yellen Says Rate Hike Appropriate

By: xemarketanalysis

OVERVIEW Stock markets kicked off a down week. North Korea's missile test and Donald Trump's accusation monitored phone calls are weighing on investor sentiment. Eurozone investor morale improved more than expected in March, with Sentix research group's monthly index rising to 20.7 from 17.4. US factory orders rose 1.2% in January, slightly outpacing market forecasts for a 1% gain. Read more

XE Market Analysis: North America - Mar 06, 2017

By: XE Market Analysis

The dollar and yen gained versus most other currencies, while the euro took a knock on the latest political machinations in France as the first round of the Presidential election on April 23 draws nearer. EUR-USD dipped back under 1.0600 after earlier logging a 17-day high at 1.0640. Read more

XE Market Analysis: Europe - Mar 06, 2017

By: XE Market Analysis

The dollar majors have started the week mixed, with USD-JPY and yen crosses trading softer, with USD-JPY retreating below 114.00 after logging a 19-day peak on Friday at 114.75, while the dollar gained modest ground versus the euro and Australian dollar, despite above-forecast retail sales data out of Australia in the case of the latter. Read more

Weekly Indicators: lots of neutrality edition

By: New_Deal_democrat

February data started out with a strong ISM manufaturing report, and also a positive non-manufacturing report. The Chicago PMI was also very positive. Motor vehicle sales were stable. Consumer confidence made a new high. January data included positive overall durable goods orders, but a small decline in the core measure. Read more

XE Market Analysis: Sterling Falls as UK Economy Starts to Slow

By: xemarketanalysis

OVERVIEW Eurozone private sector business activity rose at its quickest pace in nearly six years in February, as the composite PMI rose sharply to 56.0. Retail sales fell for a third straight month in January, rising to 1.2% year-on-year despite unemployment being at its lowest level since 2009. The U.S. Read more

More on real M1 and M2

By: New_Deal_democrat

I crunched a little more information about M1 and M2 after yesterday's post. Basically both real M1 and M2 have gone sideways since early last August. That's what the first graph, monthly through January, normed to 100 as of last August, shows: We have three of four weeks of February reported now, so the below graph is nominal (since we don't have February inflation) through the last week: Nominal M1 is running flat m/m, and nominal M2 is up slightly, both with one week to go. Again, I am making no forecast of whether or not the trend since last August will continue. Read more

XE Market Analysis: North America - Mar 03, 2017

By: XE Market Analysis

The dollar's rally hit pause mode today, with USD-JPY nestling itself in the mid 114s, below yesterday's 15-day high, while EUR-USD found a footing, aided by general euro gains after encouraging PMI data out of the Eurozone. Cable and USD-CAD were exceptions as the pound took a knock following a UK services PMI miss, while the Canadian dollar, along with the other dollar bloc units, remained heavy. Read more

XE Market Analysis: Europe - Mar 03, 2017

By: XE Market Analysis

The dollar rally has come to a pause. EUR-USD has settled in the low1.05s and USD-JPY in the low 114s, below the respective nine-day low at 104.96 and a 15-day peak 114.59 of yesterday. The Aussie dollar and other dollar bloc currencies have also steadied after dropping sharply over the last day, which was concomitant with a fall in commodity prices as markets digest the increased prospects for the Fed to hike rates on March 15th. Read more

XE Market Analysis: Asia - Mar 02, 2017

By: XE Market Analysis

The dollar rallied in N.Y. on Thursday, taking the DXY to nearly two-month highs. Another round of hawkish Fedspeak upped the odds for a March Fed rate hike, which kept the greenback buoyant overall. The economic calendar was light, though 40-plus lows for weekly jobless claims helped the USD to an extent. Read more

XE Market Analysis: US Stocks Hit Record Highs

By: xemarketanalysis

OVERVIEW Eurozone inflation rose to 2% last month, slightly exceeding the ECB's target. The latest weekly US jobless claims fell to a 44-year low as the labor market continues to strengthen. Canada's economy grew at faster pace than expected in the final three months of last year, expanding at an annual pace of 2.6%. The Swiss economy grew just 0.1% in Q4, well below the 0.5% that was forecast and leaving growth for 2016 at just 1.3%. HIGHLIGHT US stock markets hit record highs yesterday following Donald Trump's speech to Congress on his plans to boost US economic growth. Read more

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