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XE Market Analysis: Asia - Jul 25, 2016

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, Losing some ground to the euro after better German Ifo sentiment data, while fading against the yen and pound. USD-CAD rallied to four-month highs over 1.3240, as WTI crude traded under $43/bbl. EUR-USD maintained a tight range inside of 1.0990 and 1.0969, as USD-JPY stumbled under 106.00 on two occasions, both times quickly rallying back over the figure. Read more

XE Market Analysis: Japan's Exports Decline

By: xemarketanalysis

OVERVIEW The U.S. Dollar held near a 4-week high against the Euro as the market awaits the Federal Reserve's interest rate announcement on Wednesday. The Bank of Japan is focused this week on whether to expand their vast monetary stimulus program with inflation still non-existent. G20 finance chiefs vow to use "all policy tools" to lift global growth, supporting improved risk sentiment. Germany's IFO survey showed business morale fell less than expected and its economist said the German economy is proving resilient to concerns over Brexit. HIGHLIGHT Japan's exports declined for a ninth straight month in June compared to a year previous, though at a slower pace of 7.4%. Read more

XE Market Analysis: North America - Jul 25, 2016

By: XE Market Analysis

The euro has nudged higher on the Ifo number, which at 108.3 in the July headline beat expectations for a dip to 107.9. This strengthens the takeaway of last Friday's preliminary Eurozone PMI data in showing that Brexit fallout is mostly impacting the UK economic activity. Read more

XE Market Analysis: Europe - Jul 25, 2016

By: XE Market Analysis

The dollar rose during early-week trade in Asia. EUR-USD logged a fresh one-month low of 1.0952 before losing momentum, leaving the post-Brexit low at 1.0911 untroubled. USD-JPY popped through Friday's peak at 106.40 during the Tokyo session, logged a peak at 106.72 before about-turning and drifting back to the low 106s. Read more

US Equity and Economic Review: Finally, a Potentially Better Earnings Outlook

By: HaleStewart

Friday, the Conference Board released the latest batch of leading and coincident indicators. The LEIs had their second largest monthly increase in 7 months, rising .3%. 9 of 10 components rose. The coincident indicators rose the most in 7 months; all 4 components contributed. Read more

US Bond Market Week in Review: The Long End Signals Slow Growth

By: HaleStewart

Bond investors are typically believed to be more sophisticated, which largely explains the yield curves near perfect history of recession predictions. This explains why many analysts have commented on the narrowing of the yield curve over the first half of this year. Read more

International Economic Week in Review: The First Post-Brexit UK Numbers Point to Recession

By: HaleStewart

The IMF lowered their global growth forecast by .1% on Tuesday, citing increased political and economic risk due to Brexit. Obviously, Brexit negatively affects the UK and EU whose projections were .1% and .2% lower, respectively. The stronger yen, which will result from a flight to safety, will shave .2% off Japanese growth. Read more

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

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