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XE Market Analysis: Potential Rate Hikes Keeps Dollar Strong

By: xemarketanalysis

OVERVIEW The US Dollar is stronger across the board after Yellen’s speech on Friday. The Euro is weaker today after German consumer price inflation unexpectedly slowed to 0.4% in August. The Pound is stable as many across Europe start voicing opinions on when Article 50 should be triggered. HIGHLIGHT The US Dollar has bounced back strongly after the key note address by FED chair Janet Yellen at Jackson Hole on Friday. Read more

XE Market Analysis: North America - Aug 30, 2016

By: XE Market Analysis

The dollar edged out fresh highs against the yen and euro, amongst other currencies, but momentum was limited. The move was led by a 0.4% advance in USD-JPY, which clocked a 22-day peak at 102.44. EUR-USD logged a 15-day low of 1.1155 during the early London session. Read more

XE Market Analysis: Europe - Aug 30, 2016

By: XE Market Analysis

The dollar has remained settled, carrying on from where it left off on Monday, with the rally ignited by the net-hawkish tilt of Fedspeak on Friday have petered out. Yesterday's benign reading of U.S. PCE price data helped cool dollar buying just as market participants started turning their gaze to Friday's August U.S. Read more

XE Market Analysis: Asia - Aug 29, 2016

By: XE Market Analysis

The dollar started on a firmer footing in N.Y. trade on Monday, though gave back some gains through the session. Benign PCE price data may have reduced expectations for a September rate hike, which supported Wall Street, and weighed on Treasury yields. Read more

Updeated Q2 2016 look at corporate profits as a long leading indicator

By: New_Deal_democrat

Corporate profits are one of the long leading indicators, typically peaking more than a year before the start of a recession. Since these were reported for Q2 last Friday, let's take a look. The graph below shows corporate profits with and without inventory adjustment: Typically these move in tandem. Read more

XE Market Analysis: North America - Aug 29, 2016

By: XE Market Analysis

The dollar held firm in thin London-less trade, reflecting improved odds for Fed tightening in the wake of Friday's batch of Fed speakers. EUR-USD clocked a two-week low of 1.1177, while USD-JPY extended to a 20-day high of 102.39 after being given an added lift after BoJ Governor Kuroda, who said at the weekend that there was still plenty of space for further monetary easing in Japan. Read more

XE Market Analysis: Europe - Aug 29, 2016

By: XE Market Analysis

The dollar continued to trade firmer in early-week trade. EUR-USD clocked a two-week low of 1.1177, while USD-JPY extended Friday's post-Fedspeak gains, making to a 20-day peak of 102.35. Fed Chair Yellen said Friday, to recap, that the case for a rate hike "has strengthened," although there was still "data dependency," while Vice Chair Fischer indicated this Friday's jobs report could be crucial for the policy decision at the September 20th-21st FOMC. Read more

US Equity and Economic Review: We're Probably Going a Bit Lower From Here

By: HaleStewart

Housing news was mixed. New home sales increased 12.4% M/M and 31.3% Y/Y. This is one of the strongest gains for this series during this expansion. But existing home sales fell 3.2% M/M and 1.6% Y/Y. The following chart, which converts both figures to base 100, compares the 2 figures for the last 12 months: Both are still significantly off their post-recession lows. Read more

International Economic Week in Review: A Slow News Week

By: HaleStewart

     This was another light week of international news, most likely reflecting the “summer doldrums.”  The overall pace of activity begins to increase next week as traders return from summer vacations. Read more

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