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Weekly Indicators: are coincident measures starting to turn? edition

By: New_Deal_democrat

Monthly June data included an increase in the Leading Economic Indicators, and positive housing permits, starts, and existing home sales. 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 - Jul 22, 2016

By: XE Market Analysis

The dollar was broadly higher in N.Y. trade on Friday, taking EUR-USD to one-month lows of 1.0956, and USD-JPY up to 106.40. Cable scraped along on either side of 1.3100, falling after a dismal flash U.K. PMI number. USD-CAD fell early on the back of warmer Canada CPI and firmer retail sales, bottoming at 1.3056, though ultimately rallied to near two-month highs in concert with WTI crude's drop to two-month lows. Read more

XE Market Analysis: UK Economy Feel Brexit "Speed Bump"

By: xemarketanalysis

OVERVIEW Sterling slides as economic data is unveiled to report a sharp slowdown in the economy especially in the service sector. The Japanese Yen strengthens as Kuroda fends off rumors of 'helicopter money'. Weaker stock markets weigh on the commodity currencies. The US Dollar remains resilient as Donald Trump accepts the US Republican Presidential nomination. With the ECB leaving rates on hold, the Euro remains unchanged. Read more

XE Market Analysis: North America - Jul 22, 2016

By: XE Market Analysis

The pound came under pressure following the release of flash July PMI data for the UK, the first major survey to fully encapsulate post-Brexit vote conditions, which showed a sharper than expected dive in activity that is consistent with a Q3 GDP contraction of -0.4% q/q. Read more

XE Market Analysis: Europe - Jul 22, 2016

By: XE Market Analysis

The main forex pairings saw narrow ranges in pre-Europe trade in Asia, EUR-USD holding in the low 1.10s and USD-JPY near 106.00, the latter settling well off the six-week peak seen yesterday at 107.49. There was some weakness in commodity currencies, which was a consequence of global equity markets turning lower, which in the case of Wall Street follows a run of nine-straight higher highs. Read more

XE Market Analysis: Asia - Jul 21, 2016

By: XE Market Analysis

FX trade was on the quiet side through the N.Y. session on Thursday, though modestly higher against the euro and CAD, while fairly flat against the yen and the pound. Incoming U.S. data was on the perkier side, as initial jobless claims, and existing home sales were better than consensus forecasts. Read more

XE Market Analysis: Turkey Announces State of Emergency

By: xemarketanalysis

OVERVIEW The Yen is higher across the board after a BBC interview with the Bank of Japan Governor who said there is no need for the central bank to print money and give it to individuals. UK government borrowing is at its lowest in nine years, boosted by higher tax income from business and individuals. The NZ Dollar is under pressure again after the Reserve Bank’s scheduled economic update. The ECB left rates on hold as expected and made no changes to its quantitative easing program as expected, with Draghi saying they will reassess economic conditions in the coming months. HIGHLIGHT The Turkish Lira fell to a fresh historic low of 3.0970 against the Dollar after President Tayyip Erdogan declared a three-month state of emergency following a failed military coup. Read more

XE Market Analysis: North America - Jul 21, 2016

By: XE Market Analysis

The yen rallied sharply on remarks by BoJ's Kuroda, who said that there is "no need and no possibility" for a policy of so-called helicopter money. Both USD-JPY and EUR-JPY tumbled over 1.3%, the former logging a low at 105.41, well off the six-week peak seen earlier at 107.49. Read more

XE Market Analysis: Europe - Jul 21, 2016

By: XE Market Analysis

Both the dollar and yen have traded softer against most other currencies as risk-on coursed through global markets. Strong corporate earnings, most notably from Microsoft, and another record high on Wall Street drove things along, weighing on safe haven currencies and assets while underpinning high-beta assets. Read more


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