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XE Market Analysis: North America - Oct 17, 2017

By: XE Market Analysis

EUR-USD declined for a fourth consecutive session, this time logging a out a one-week low at 1.1754, while the common currency has remained heavy after posting lows versus the yen and other currencies yesterday. The prevailing disharmony in Spanish politics is weighing on the euro, particularly news that a Spanish judge has jailed without bail two key members of the Catalan independence movement, which raises concerns that this will only enflame ineradicable-willed Catalan nationalists. Read more

XE Market Analysis: Europe - Oct 17, 2017

By: XE Market Analysis

The dollar has continued to trade perkily. USD-JPY flipped back above 112.00 as major Asian stock indices hit 10-year highs after Wall Street hit fresh record highs on Monday. The pair has a well-established tendency to correlate with notable moves in global equity markets, though persisting concerns about political disharmony in Spain and North Korea (Pyongyang threatened nuclear war could "break out at any moment") may have been curtailing yen losses. Read more

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

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