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XE Market Analysis: Asia - May 02, 2016

By: XE Market Analysis

The dollar was mostly lower again in N.Y. trade on Monday, seeing EUR-USD rally to eight-month highs of 1.1535, and USD-JPY remain mostly under 106.50. Incoming U.S. data was mostly to the softer side, with manufacturing and construction spending ISM missing expectations. Read more

April ISM manufacturing: further potent evidence that industrial recession is ending

By: New_Deal_democrat

As anticipated by the regional Fed manufacturing reports, this morning's ISM manufacturing report for April showed another strong month for new orders, at 55.8, although not quite so strong as last month: This is a pretty good reading for this expansion. Read more

XE Market Analysis: North America - May 02, 2016

By: XE Market Analysis

The dollar started the new week with the same softening bias it finished last week with. This saw EUR-USD log a new six-month peat at 1.1492 and USD-JPY a fresh 18-month low at 106.16. Trading conditions have been thin with London and Chinese markets among those closed for May Day public holidays. Read more

XE Market Analysis: Europe - May 02, 2016

By: XE Market Analysis

The yen surge slackened to a grind higher, but still saw the currency make new highs for a third consecutive session. This put USD-JPY to a new 18-month low at 106.16 during the Tokyo AM session, extending Friday's low by 12 pips. The pair subsequently settled higher, to around the 106.50 mark. Read more

US Equity and Economic Review: Another Retreat, Edition

By: HaleStewart

Topline U.S. growth is lackluster: 4Q15 GDP grew 1.4% and the initial 1Q16 report was .5%. And the combination of a strong dollar and weak international economies have led to declining corporate profits in 4 of the last 5 quarters. The combination of weak economic and revenue growth is the primary reason equity markets have been unable to break through long-term resistance. Read more

US Bond Market Week in Review: In Which I Respectfully Disagree with Tim Duy, Edition

By: HaleStewart

This week the Fed released its latest assessment of the U.S. economy: Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed. Read more

International Economic Week in Review: Are Brazil and Russia Exporting Their Weakness?

By: HaleStewart

     Recently,  Fed President Brainard offered a fascinating insight into the reasons for slower U.S. growth.  Read more

Weekly Indicators: is an inventory liquidation underway? edition

By: New_Deal_democrat

The biggest news of the week was the slightly positive first Quarter GDP. First Quarter employment costs also increased. Monthly data for April started out with a barely positive Chicago PMI, and decreases in two measures of consumer sentiment. Read more

XE Market Analysis: Asia - Apr 29, 2016

By: XE Market Analysis

It was a risk-off session in N.Y. on Friday, as the dollar, yields, and equities all turned lower. Incoming data was mostly light of expectations, with income holding up, but consumption lagging, as Chicago PMI and Michigan sentiment numbers both faded. Read more


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