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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

XE Market Analysis: UK Economy Feel Brexit "Speed Bump"

By: xemarketanalysis

OVERVIEW Sterling slides as economic data is unveiled to report a sharp slowdown in the economy especially in the service sector. The Japanese Yen strengthens as Kuroda fends off rumors of 'helicopter money'. Weaker stock markets weigh on the commodity currencies. The US Dollar remains resilient as Donald Trump accepts the US Republican Presidential nomination. With the ECB leaving rates on hold, the Euro remains unchanged. Read more

XE Market Analysis: North America - Jul 22, 2016

By: XE Market Analysis

The pound came under pressure following the release of flash July PMI data for the UK, the first major survey to fully encapsulate post-Brexit vote conditions, which showed a sharper than expected dive in activity that is consistent with a Q3 GDP contraction of -0.4% q/q. Read more

XE Market Analysis: Europe - Jul 22, 2016

By: XE Market Analysis

The main forex pairings saw narrow ranges in pre-Europe trade in Asia, EUR-USD holding in the low 1.10s and USD-JPY near 106.00, the latter settling well off the six-week peak seen yesterday at 107.49. There was some weakness in commodity currencies, which was a consequence of global equity markets turning lower, which in the case of Wall Street follows a run of nine-straight higher highs. Read more

XE Market Analysis: Asia - Jul 21, 2016

By: XE Market Analysis

FX trade was on the quiet side through the N.Y. session on Thursday, though modestly higher against the euro and CAD, while fairly flat against the yen and the pound. Incoming U.S. data was on the perkier side, as initial jobless claims, and existing home sales were better than consensus forecasts. Read more

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