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XE Market Analysis: U.S. Consumer Spending Boosts Economy

By: xemarketanalysis

OVERVIEW The British Pound is stable today as a soft Brexit looks likely. Swiss Franc ends the week lower as central banker says the currency is still overvalued. The U.S. economy grew at it's fastest pace in two years. HIGHLIGHT The U.S. Read more

XE Market Analysis: U.S. Consumer Spending Boosts Economy

By: xemarketanalysis

OVERVIEW The British Pound is stable today as a soft Brexit looks likely. Swiss Franc ends the week lower as central banker says the currency is still overvalued. The U.S. economy grew at it's fastest pace in two years. HIGHLIGHT The U.S. Read more

XE Market Analysis: North America - Jul 28, 2017

By: XE Market Analysis

The Swiss franc, in its sudden new-found role of fund currency of choice, continued to march lower, while the euro found fresh demand after correcting yesterday on the back of strong data leads out of the Eurozone. EUR-CHF rallied nearly 1%, gaining for a fourth consecutive day and logging a fresh 18-month high at 1.1380. Read more

XE Market Analysis: Europe - Jul 28, 2017

By: XE Market Analysis

The Swiss franc tumbled for a four straight session, driving EUR-CHF to a 1.1363 high, a level not seen since the SNB abandoned its former 1.2000 floor in January 2015. USD-CHF, meanwhile, rallied to a one-month peak, at 0.9721. The price action affirms the sentiment sea-change that's been afoot this week, underpinned by a combo of a more confident euro outlook coupled with a -0.75% deposit rate in Switzerland. Read more

XE Market Analysis: Asia - Jul 27, 2017

By: XE Market Analysis

The dollar picked up some recently lost ground in N.Y. trade on Thursday, aided by outsized durable orders gains, and advance trade and inventory figures, which bumped up our Q2 GDP estimate to 3.0%. EUR-USD faded from overnight trend highs of 1.1776, dropping to 1.1650 lows. Read more

XE Market Analysis: North America - Jul 27, 2017

By: XE Market Analysis

The dollar rebounded during the European AM session after posting fresh lows versus the euro, yen, Canadian dollar, and many other currencies during the Asian session, where markets digested Fed's statement of yesterday, which showed a higher degree of low-inflation angst than in the previous statement. Read more

XE Market Analysis: Europe - Jul 27, 2017

By: XE Market Analysis

The Fed's statement has put the dollar under the cosh, pushing the narrow trade-weighted USD index to a 14-month low of 93.0 while EUR-USD scaled to a 30-month high of 1.1776 and USD-JPY fell towards the six-week low at 110.62 that was seen earlier in the week. Read more

XE Market Analysis: Asia - Jul 26, 2017

By: XE Market Analysis

The dollar was rangebound ahead of the FOMC in N.Y. on Wednesday. The greenback initially bounced, then eased back after the Fed announcement, where rates were left unchanged, as expected. EUR-USD fell to 1.1629 from near 1.1650 before bouncing to 1.1706. Read more

XE Market Analysis: UK Economy Remains in Low Gear

By: xemarketanalysis

OVERVIEW FX relatively quiet as the market awaits the FOMC decision. U.S. new home sales rose 610k in June, a similar pace to May that is in line with market forecasts. Australian CPI slowed unexpectedly in the second quarter, dampening rate hike bets. Australia's central bank governor Philip Lowe said he is "very comfortable" with interest rates at record lows. Swiss investor sentiment surged to its highest level since January 2014 in July. New Zealand posted a fourth consecutive trade surplus in June. HIGHLIGHT The UK economy remained in low gear in the second quarter after almost stalling at the start of the year. Read more

Do daily corporate tax receipts forecast quarterly profits?

By: New_Deal_democrat

Sometimes it's worthwhile to show you something that doesn't pan out, just to show you that I don't cherry-pick data. It has to be worthwhile and reasonably consistent for me to include it in my surveys. Such is the case with corporate federal income tax payments. Read more

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