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Weekly Indicators: the wobbles turn more neutral edition

By: New_Deal_democrat

September data included an increase in the index of Leading Indicators, driven in part by an increase in housing permits. Existing home sales also increased. In contrast, housing starts declined sharply. Industrial production rose slightly, while capacity utilization fell. Read more

XE Market Analysis: Asia - Oct 21, 2016

By: XE Market Analysis

The dollar advanced further in N.Y. trade on Friday, taking EUR-USD to seven-month lows of 1.0860. USD-CAD also made a seven-month high of 1.3350 on the back of soft Canadian data, and wobbly oil prices. Cable recovered from lows near 1.2170, topping at 1.2242 into the Friday close. Read more

XE Market Analysis: Chinese Yuan Hits 6-Year Low

By: xemarketanalysis

OVERVIEW The ECB left its QE program on hold, unveiling that there were no discussions for any further loosening in policy. In the UK, the release of the public finances reported a widening in the public finances deficit. The Euro drops to its lowest levels since June against the US dollar as investors feel underwhelmed by the ECB. Despite a decrease in the number of jobs in Australia, the unemployment rate dipped to 5.6% HIGHLIGHT The Chinese Yuan hit a new six-year low, above 6.76 against the US dollar. Read more

XE Market Analysis: North America - Oct 21, 2016

By: XE Market Analysis

The dollar continued to traded firmly, driving, with the help of a generally soft euro, EUR-USD to a seven-month low. The dollar logged an eight-day peak versus the Canadian dollar and a four-day high against sterling, though the greenback remained below the four-day high it saw against the yen yesterday. Read more

XE Market Analysis: Europe - Oct 21, 2016

By: XE Market Analysis

The dollar majors have plied narrow ranges. Hong Kong markets were closed by a "storm signal no. 8" warning as typhoon Haima hit town. The dollar settled to a consolidation of recent gains. USD-JPY has ebbed back under 104.00 after logging a four-day peak at 104.20 yesterday. Read more

XE Market Analysis: Asia - Oct 20, 2016

By: XE Market Analysis

The DXY rallied to seven-month highs of 98.40, largely lead by EUR-USD's drop to 1.0915, four-month lows. Key for the euro will be the June 24 (Brexit Day) lows of 1.0912. USD-JPY and USD-CAD meanwhile, rallied to their respective intra day highs, while cable continued to bump along under the 1.2300 level. Read more

September housing starts and permits: clear as mud!

By: New_Deal_democrat

Last Saturday in my Weekly Indicators column I noted that there was a little darkening of the data. I elaborated on that Monday in this post: http://bonddad.blogspot.com/2016/10/the-darkening-skies.html In view of the ambiguous signals from other long leading indicators, I said that housing data this month would take on an added importance. Read more

XE Market Analysis: Sharp Slowdown in U.S. Housing Starts

By: xemarketanalysis

OVERVIEW The Bank of Canada kept rates on hold as expected but surprised the market when Governor Poloz said they had discussed easing monetary policy. National Australia Bank's quarterly survey of more than 920 firms showed its index of business conditions fell 4 points to +7 in the last quarter. Brazil's central bank cut interest rates by 0.25%, the first cut in rates in four years. UK retail sales were flat in September compared with August and rose at a slower pace of 4.1% year-on-year. HIGHLIGHT Housing starts fell for a second straight month in September, dropping 9% to just over a million, the lowest number for two years. US DOLLAR The Dollar is broadly flat as the economic data continues to raise questions over whether the Fed will raise rates this year. Read more

XE Market Analysis: North America - Oct 20, 2016

By: XE Market Analysis

The dollar traded moderately firmer. USD-JPY recouped to the upper 103s versus yesterday's 10-day low at 103.16. EUR-JPY and other yen crosses have seen a similar price action, though USD-JPY's rebound was bigger in magnitude as broader dollar firmness was a factor following the Fed's latest Beige Book report, which was sufficiently upbeat to maintain expectations for a December Fed rate hike. Read more


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