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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

XE Market Analysis: The Pound's Volatility - Now & Looking Forward

By: xemarketanalysis

The big story of the week has been the British Pound’s tumultuous rally against the mighty Greenback. After news that UK PM Theresa May had called for a snap election investors became more hopeful the PM would secure the UK’s exit from the EU while pushing back some of the trade related deadlines that had previously been of concern. Read more

XE Market Analysis: Eurozone Growth Accelerates

By: xemarketanalysis

OVERVIEW Markets are relatively stable heading into the first round of the French presidential election with the latest polls showing a slight dip in Marine Le Pen's popularity. UK data showed a jump in inflation due to the Pound's fall since Brexit is putting more pressure on consumers as retail sales fell 1.8% in March. Bank of England member Michael Saunders hinted that he could vote for a rate hike, saying he expected growth and inflation this year to be higher than the forecast in February. Canadian inflation cooled more than expected in March with annual CPI falling to 1.6% from the previous month's 2%. HIGHLIGHT The Eurozone economy appears to be building on the momentum of the first quarter with the flash estimate PMIs for April showing business activity rise to a fresh 6-year high. Read more

XE Market Analysis: North America - Apr 21, 2017

By: XE Market Analysis

The euro has come under moderate pressure, despite forecast-beating Eurozone PMI figures in preliminary April readings, and a rise in the Eurozone current account surplus. EUR-USD has dipped to the 1.0700 area, putting in some distance from yesterday's three-week high at 1.0737. Read more

XE Market Analysis: Europe - Apr 21, 2017

By: XE Market Analysis

The dollar majors have been plying narrow ranges with the risk-off trade taking a breather but positional commitment remaining low into France's election on Sunday. EUR-USD has settled in a narrow range just below yesterday's three-week high at 1.0737, and USD-JPY has settled in the upper 108s. Read more

XE Market Analysis: Asia - Apr 20, 2017

By: XE Market Analysis

The dollar was mostly firmer in N.Y. trade on Thursday, leaving EUR-USD at 1.0715 lows from a peak of 1.0776. USD-JPY meanwhile perked up on risk-on conditions, topping at 109.48, up from 108.98 lows. USD-CAD tested the 1.3500 level, printing new five-week highs, while cable slipped back toward 1.2800 from 1.2847. Read more

XE Market Analysis: Outlook for Global Growth Improving

By: xemarketanalysis

OVERVIEW Markets are trading cautiously prior to the first round of the French presidential elections and concerns over North Korea. The Fed's Beige Book reported modest-to-moderate growth across its 12 districts. Wages are rising but not necessarily increasing inflation. Fed Vice Chair Stanley Fischer said yesterday that foreign economies are in better shape to absorb tighter US monetary policy now. Dallas Fed President Robert Kaplan said that three interest rate increases remain possible this year depending on the economy’s development. Read more

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