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XE Market Analysis: Canadian Dollar and British Pound Under Pressure

By: xemarketanalysis

OVERVIEW USD rises to intraday highs following a strong manufacturing survey and weekend comments from Yellen. CAD is under pressure as the 2-year Canadian government bond yield slipped below that of its US counterpart. GBP fell around 0.5 cent on reports of possible breakdown in Brexit negotiations. EUR recovering from its session lows after Austria elected a conservative/right-wing coalition. Oil prices rise as Iraqi army retake control of Kurdish controlled territory. Read more

XE Market Analysis: Asia - Oct 16, 2017

By: XE Market Analysis

The FX market was relatively quiet in N.Y. trade on Monday, with major dollar pairings largely sticking to narrow trading ranges. The greenback moved to session highs following a joint press conference between Trump and Senate leader McConnell, where the two appeared to be on the same page with regards to tax reform. Read more

XE Market Analysis: North America - Oct 16, 2017

By: XE Market Analysis

The dollar traded mixed, posting gains versus a generally softer euro, and against the Canadian and other dollar bloc currencies, but traded slightly lower versus the yen and sterling. The euro came under broader pressure, although managed to lift out of its lows. Read more

XE Market Analysis: Europe - Oct 16, 2017

By: XE Market Analysis

The dollar traded mostly firmer today, which follows losses on Friday in the wake of the sub-forecast U.S. data and, before that, about a week long period of declines. EUR-USD logged a four-session low at 1.1790, driven in part by dollar firmness and in part by euro weakness, as the common currency eked lower versus the yen, sterling and Swiss franc, among other currencies. Read more

International Economic Week in Review: A Very Light Week of News

By: HaleStewart

This week, the IMF published its updated World Economic Outlook, which noted that global growth accelerated in the 1H17. While the US’ 1Q GDP number was disappointing, growth rebounded in the second. Europe and Japan saw an increase in consumer spending, investment and exports. Read more

US Bond Market Week in Review: Reality is Not Complying With the Fed's Models

By: HaleStewart

The Phillips Curve is a single-equation empirical model, named after William Phillips, describing a historical inverse relationship between rates of unemployment and corresponding rates of inflation that result within an economy. Stated simply, decreased unemployment, (i.e., increased levels of employment) in an economy will correlate with higher rates of inflation. This relationship is central to most economic models. Read more

US Economic Week in Review: Most Coincidental Indicators Continue to Point to Modest Expansion

By: HaleStewart

This week, the Federal Reserve issued its latest Meeting Minutes, which, as is standard, contained a review of the coincident economic indicators. These provide an excellent “you are here moment,” allowing us to systematically review recent numbers to assess the US economy’s current situation. Read more

Weekly Indicators: Real M2 and long term outlook both downgraded to neutral edition

By: New_Deal_democrat

September data included a big jump in retail sales and inflation, both probably powered by the impact of the hurricanes. All of the measures contained in the JOLTS report declined.Sentiment as measured by the University of Michigan soared, with sentiment as to current conditions at a new record for the Millennium. 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 - Oct 13, 2017

By: XE Market Analysis

The dollar headed lower after a minor U.S. CPI miss, indicating markets are focused on the Fed, and its concerns over low inflation. EUR-USD spiked up to 1.1874 highs from under 1.1810, as USD-JPY slid to 111.69 from over 112.25. The dollar subsequently mounted a modest pre-weekend rally, though ended the session down across the board. Read more

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