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XE Market Analysis: British Pound Falls After Court Ruling

By: xemarketanalysis

OVERVIEW Donald Trump maintained his protectionist approach as he signed an executive order for the U.S. to formally pull out of the TPP. The U.K. Supreme Court ruled against the government as expected this morning, meaning it must seek parliamentary approval before triggering Article 50. The Eurozone economy maintained its recent solid growth as the purchasing manager’s indexes for January remained near five-year highs. The South African Reserve Bank kept rates on hold as expected, and said their rate hiking cycle has ended. HIGHLIGHT The Turkish Lira slumped almost 3% after the central bank left it’s main lending rate on hold, versus expectations that it would hike by 0.5% to contain a slide in the currency. Read more

XE Market Analysis: North America - Jan 24, 2017

By: XE Market Analysis

The dollar recouped as markets took on a wait-and-see stance with regard to Trump's protectionist bias, partly has the new president said that he favours renegotiating NAFTA rather do away with it, and that he wanted to talk with China before deciding on his position. Read more

XE Market Analysis: Europe - Jan 24, 2017

By: XE Market Analysis

The dollar found its feet after declining over the last day. USD-JPY traded back around the 113.00 level after logging an eight-week low at 112.52 during the early phase of the Asia-Pacific session. Investor worries over a more protectionist U.S. weighed on the dollar, with Trump pulling the nation out of TPP and warning U.S. Read more

XE Market Analysis: Asia - Jan 23, 2017

By: XE Market Analysis

The dollar stayed down through the N.Y. session, though didn't retreat much beyond its overnight lows. Pressure on the greenback came from uncertainty over the new U.S. administrations policy path, where initial signals appear to point to a more isolationist path going forward. Read more

XE Market Analysis: Donald Puts Dollar Under Pressure

By: xemarketanalysis

OVERVIEW Donald Trump’s protectionist inauguration speech on Friday, and signs that his battle with the media will continue as President, are putting the Dollar under pressure. UK Prime Minister, Theresa May, is due to be the first foreign leader to meet with Donald Trump, with the focus on a bilateral trade deal. Canadian wholesale trade rose 0.2% in November, below market forecasts as vehicle sales fell. HIGHLIGHT The Euro fell to a 14-year low at the end of last year as Trump's victory sent the Dollar higher. Read more

XE Market Analysis: North America - Jan 23, 2017

By: XE Market Analysis

The dollar came under pressure amid concerns about Trump's protectionist course. The buck was off its lows heading into the New York interbank open, but still showing a 0.9% loss versus the yen, a 0.5% decline against sterling, a 0.3% loss to the euro and Canadian dollar. Read more

XE Market Analysis: Europe - Jan 23, 2017

By: XE Market Analysis

USD-JPY led broader dollar declines following Trump's inauguration speech on Friday, which failed to reinvigorate the Trumpflation trade and instead fuelled concerns about protectionism. USD-JPY is showing a 1.1% decline as the London interbank market take their positions, trading at three-session lows under 113.20. Read more

Weekly Indicators: are gas prices beginning to affect consumer spending? edition

By: New_Deal_democrat

Monthly data for December included a slight decrease in building permits, but a new post-recession high in the less volatile single family permits, and an increase in housing starts. This factored into a flat Index of Leading Indicators. Industrial production and capacity utilization rebounded sharply, reversing November's sharp losses. Read more

Trump Inherits a Solid Economy; But Additional Stimulus Would Increase Inflation

By: HaleStewart

The new president inherits an economy in solid shape. Moreover, there are no recessionary signs on the horizon. However, because the economy is currently at or near full employment, an increase in stimulus spending may increase inflation, forcing the Fed to increase rates at a faster than desired pace, leading to a recession. Let’s start with the current situation by looking at the primary coincident indicators: The total number of employees (left) shows a consistent five-year increase. Read more


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