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XE Market Analysis: Europe - Oct 30, 2017

By: XE Market Analysis

Narrow ranges prevailed for the most part in early week trading in currency markets. The biggest mover was, once again, the New Zealand dollar, which fell by over 0.5% as markets continue to adjust to the expected policy package of the new coalition government. Read more

US Bond Market Week in Review: No, the Yield Curve is Not Predicting Imminent Doom

By: HaleStewart

Who will be the next leader of the Federal Reserve? This week we had conflicting news stories about the potential frontrunner. But it seems we are now at the finalist stage, with Yellen and Taylor vying for the job. Each comes with methodological baggage. Read more

International Economic Week in Review: Two Banks Issue New Policy

By: HaleStewart

This week’s news was positive. The Bank of Canada maintained their current 1% interest rate policy. More importantly, the underlying data for the country is very strong. The ECB halved their bond buying program while maintaining rates at their current level. Read more

US Economic Week in Review: A Week of Good News

By: HaleStewart

This week’s news was positive. The BEA released their first estimate of 3Q GDP -- a healthy 3% annual rate. The Chicago Fed’s National Activity Index increased and durable goods orders were up. New home sales also increased. While a large, post-Harvey surge in the South was mostly responsible, there were also increases in the three other regions. Read more

Weekly Indicators: mortgage rates turn negative again edition

By: New_Deal_democrat

In the rear view mirror, the preliminary GDP report for Q3 came in at a strong +3.0%. As I pointed out yesterday, however, both long leading indicators in the report -- real private residential fixed spending and inflation adjusted proprietors' income -- were negative. September data included a big spike in new home sales, almost all driven by the hurricane-affected South, an increase in durable goods orders, and a small decline in consumer sentiment as measured by the University of Michigan. 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: Asia - Oct 27, 2017

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Friday, supported by a better than expected 3.0% Q3 U.S. GDP print. The dollar's move up was led by EUR-USD losses and USD-CAD gains. USD-JPY though, again gave back the 114 handle, after printing three-month highs post-data. Read more

XE Market Analysis: North America - Oct 27, 2017

By: XE Market Analysis

The dollar index rallied to three-month highs in European trade, topping at 94.92, as the U.S. House passed budget legislation that opens the door to a tax reform package in the coming weeks. Global equities rallied overnight, with U.S. futures indicating a higher Wall Street open. Read more

XE Market Analysis: Europe - Oct 27, 2017

By: XE Market Analysis

The euro has remained heavy in the wake of the ECB's dovish guidance yesterday. EUR-USD clocked a fresh three-month low at 1.1624 during pre-Europe trading in Asia, bringing the cumulative decline since the central bank's announcement to 1.6%. EUR-JPY posted an eight-day low at 132.59. Read more

XE Market Analysis: Asia - Oct 26, 2017

By: XE Market Analysis

The dollar got a boost from the ECB, which laid out plans to extend its QE program through the first nine-months of 2018, albeit at lowered purchasing levels. EUR-USD fell to 1.1665 lows, a two-plus month base, from 1.1815 ahead of the policy announcement. Read more

XE Market Analysis: Euro Falls After ECB Meeting

By: xemarketanalysis

OVERVIEW USD is gaining after the House passes the Senate budget and Fed Chair candidates were narrowed to two. GBP is weaker after CBI reports retail sales plummeted in October. The CAD continues to weaken on interest rate outlook. AUD is lower following yesterday's inflation data. HIGHLIGHT The Euro is today's worst performing currency after the ECB announced it will extend its QE program for a further nine months from the beginning of next year at a reduced monthly amount of €30 billion. Read more

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