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XE Market Analysis: Asia - Mar 19, 2018

By: XE Market Analysis

Stock markets on both sides of the Atlantic took a beating on Monday. Reports that Facebook users' data was used by a political advertising firm weighed heavily on the tech sector, taking FB stock down as much as 8%. Yields were lower on the risk-off backdrop, and the dollar fell broadly as well. Read more

XE Market Analysis: Brexit Transition Deal Agreed

By: xemarketanalysis

OVERVIEW The Brexit transition deal gives Sterling a welcome boost and is a welcomed relief for businesses. US Dollar focuses on the forthcoming FOMC rate decision where rates are expected to rise. The EU trade surplus disappoints as a stronger Euro starts to bite. Putin wins the election convincingly for another six-year term. HIGHLIGHT We have seen the Sterling rally as a status quo transition deal has been agreed upon. Read more

XE Market Analysis: North America - Mar 19, 2018

By: XE Market Analysis

EUR-USD wound back intraday losses that were seen in pre-Europe trading in Asia rising to the 1.2280-90 area. EUR-JPY, EUR-CHF and other euro crosses are also up, with the notable exception of EUR-GBP, which has descended further into three-month low terrain on pound outperformance, which has been bid on the expectation of positive news on a Brexit transition agreement will come from the meeting of respective UK and EU negotiators. Read more

XE Market Analysis: Europe - Mar 19, 2018

By: XE Market Analysis

Both the dollar and yen have traded firmly against most other currencies in early-week trading so far. EUR-USD has ebbed to a 17-day low at 1.2258, and EUR-JPY a two-week low, of 129.61, as a consequence. The biggest movers out of the main currencies have been AUD-JPY, NZD-JPY and CAD-JPY, which are down between 0.3% and 0.4% as the London interbank takes to its collective desk. Read more

International Economic Week in Review: Japan Is in Strong Shape

By: HaleStewart

The Bank of Japan released their latest Meeting Minutes, which contained a positive appraisal of the Japanese economy. The bank noted that several “virtuous cycles” were in play. They first noted that business profits had lifted sentiment, leading to rising investment. Read more

Central Bankers Are Starting to Push Back Against Protectionist Rhetoric

By: HaleStewart

Comparative advantage is central to the idea of international trade. It states that a country will produce more of product X if the country’s opportunity cost for the extra unit of production is lower than other choices. The easiest example is derived from the different standard of living between a developed and newly industrialized economy; in the latter, the opportunity cost of producing nearly any good is lower than the cost in a developed country. Read more

International Economic Week in Review: Both Canada and the EU Continue Growing

By: HaleStewart

On March 8, Deputy Bank of Canada governor Timothy Lane gave a speech titled, “Canada’s Economic Expansion: A Progress Report.” To provide the required background, Canada had a mild recession a few years ago, caused by OPEC’s opening the production spigot which drove down oil prices. Read more

Weekly Indicators: a more positive tone edition

By: New_Deal_democrat

February data included a decline in monthly housing permits and starts, and also retail sales. Industrial production and capacity utilization grew strongly. Consumer and producer prices increased at a rate slightly above normal. Consumer sentiment as measured by the University of Michigan rose sharply. The JOLTS report for January was mixed, with increased openings and hires, but a decline in quits, and increases in layoffs and total separations. 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 - Mar 16, 2018

By: XE Market Analysis

The dollar bounced into the weekend, taking the DXY to highs of 90.38, levels last seen on March 1. U.S. data was supportive, as U. of Michigan sentiment came in stronger, along with better industrial production figures. EUR-USD dipped to two-week lows of 1.2260 from 1.2330 highs, while USD-JPY recovered to 106.23 highs from 105.60. Read more


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