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XE Market Analysis: Asia - Apr 24, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, posting gains versus the euro, pound and CAD, while losing ground to the yen, despite the risk-on backdrop. EUR-USD topped at 1.0873 in morning dealings, before putting in a floor at 1.0835. USD-JPY meanwhile, held the 110 handle through most of the session, before dipping to 109.70 lows into the close. Read more

XE Market Analysis: Euro Hits a 2017 High

By: xemarketanalysis

OVERVIEW Equity markets are significantly higher and France's cost of borrowing has fallen sharply after the first round of France's presidential election turned out to be in line with opinion polls. The German central bank is expecting growth to have accelerated in the first quarter as strong industrial orders, increased private consumption, and a rebound in exports all supported growth. The German IFO business climate index rose to 112.9 for April, the highest level since July 2011. Canadian wholesale trade dipped just 0.2% in February, beating expectations for a 1% decline after surging 3% in January. The Confederation of British Industry reported that factories saw their strongest export orders in 6 years in early 2017 that was helped by the Sterling's fall. HIGHLIGHT The first round of the French elections saw the centrist Emmanuel Macron, and the far-right’s Marine Le Pen, go through in first and second place respectively. Read more

XE Market Analysis: North America - Apr 24, 2017

By: XE Market Analysis

The euro surged on news that pro-EU Macron won the biggest slice of the vote in the French presidential election on Sunday, and is now favourite to beat Le Pen by a wide margin in the runoff election on May 7. Although off the highs, EUR-USD was still showing a 1.2% gain on the day heading into the New York open, and EUR-JPY a 2.2% advance. Read more

XE Market Analysis: Europe - Apr 24, 2017

By: XE Market Analysis

The euro has surged on news that pro-EU Macron won the biggest slice of the vote in the French presidential election on Sunday, and is now favourite to beat Le Pen by a wide margin in the second-round runoff election on May 7. Although of the highs, EUR-USD is still showing a 1.2% gain on the day and EUR-JPY a 2.4% advance. Read more

US Bond Market Week in Review: A More Nuanced Understanding of the Declining Labor Force Participation Rate

By: HaleStewart

The Federal Reserve is subject to a dual mandate: price stability and maximum employment. Although the unemployment rate is the most commonly reported labor market statistic, since the end of the great recession analysts have correctly observed there are several other methods of measuring the labor market’s health. Read more

International Economic Week in Review: The Trend of Positive Global News Continues

By: HaleStewart

Starting in the 4Q16, survey data released by Markit saw a pronounced improvement in sentiment. This was accompanied by the UK’s surprising post-Brexit growth, Canada’s continued exit from its shallow recession, stronger 4Q16 Chinese numbers and nuanced but noticeable improvement in numbers from Japan. Read more

US Equity and Economic Review: The Trump Trade is Over

By: HaleStewart

On Thursday, the Conference Board released the latest leading and coincident economic indicators. There are 2 reasons there are some of my favorite statistics. First, they organize 14 economic indicators in an easy-to-understand format. Second, they have a long history of accurately predicting the overall pace of growth. Read more

Weekly Indicators: purchase mortgage applications turn negative edition

By: New_Deal_democrat

March data included an increase in building permits, which helped lift the Index of Leading Indicators to a strong positive reading. Starts, however, declined. Industrial production and capacity utilization were up, although the manufacturing element of production had its first decline in six months. Read more

XE Market Analysis: Asia - Apr 21, 2017

By: XE Market Analysis

FX trade was quite in N.Y. on Friday, though the dollar was generally higher, leaving the DXY trading on either side of 100, its best levels since Monday. EUR-USD bottomed at 1.0686 after topping at 1.0911 early in the session. USD-JPY meanwhile, perked up to 109.32 from lows of 108.89. Read more

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