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International Economic Week in Review: Good News From Canada, Australia and the EU

By: HaleStewart

            The Bank of Canada maintained their 1% interest rate policy this week.  Their policy announcement contained the following overview of the Canadian economy: Read more

US Economic Week in Review: The Manufacturing and Service Sectors Are Growing Solidly

By: HaleStewart

The US manufacturing sector is very good shape. The latest ISM reading was 58.2 – a modest decrease from the previous month, but still a very strong level. Last month’s reading was one of the strongest since the recession and continues this series’ recent uptrend: The internals were very strong: new orders rose .6 to 64 while production was up 2.9 to 63.9. Read more

US Bond Market Week in Review: Thanks to the Employment Report, Expect Another Rate Hike

By: HaleStewart

The employment report gave the Fed ample reason to raise rates at their next meeting. The headline number of 228,000 combined with a 4.1% unemployment rate are themselves ample reasons. But the internals are also strong enough for the Fed to hike. The 3, 6, and 12-month moving averages of total employment growth all above 170,000 and appear to have stabilized this year. Read more

Weekly Indicators: slight improvement in long term outlook edition

By: New_Deal_democrat

November data included another positive employment report, although underemployment measures weakened and wage growth continues to be relatively poor. Other data included a very positive but decelerated ISM services, increased productivity but a decline in unit labor costs, and an increase in sentiment as measured by the University of Michigan due to present conditions, while future expectations declined. Late October data included an increase in wholesale sales and a big decrease in inventories, leading to a decline in the inventory to sales ratio. Read more

XE Market Analysis: Asia - Dec 08, 2017

By: XE Market Analysis

The November jobs report was solid, though the dollar ended up lower than where it started. Some selling into strength was noted, as long USD positions were pared down into the weekend. Still the DY ended at 12-session highs near 94.00. EUR-USD bottomed at 1.1730 after the data, later making its way to 1.1771 highs. Read more

XE Market Analysis: North America - Dec 08, 2017

By: XE Market Analysis

The dollar has traded generally firmer, buoyed by expectations for corporate-friendly tax reform in the U.S. and into the November payrolls report, which is expected to show fresh signs of a tightening labour market. The buck has gained 0.3% versus the euro, logging two-week highs, and advanced by a similar magnitude against the yen, making a four-week high. Read more

XE Market Analysis: Europe - Dec 08, 2017

By: XE Market Analysis

Risk-on and news of a Brexit deal on divorce terms have provided the mains themes in the main forex markets so far today, a backdrop that has inspire yen underperformance on the one hand and sterling gains on the other. USD-JPY climbed for a third straight day, posting a 24-day high of 113.46. Read more

XE Market Analysis: Asia - Dec 07, 2017

By: XE Market Analysis

The dollar was firmer in N.Y. trade on Thursday, taking the DXY to 12-session highs of 93.80 in the process. EUR-USD printed 1.1778 lows into the close, marking four days of lower lows. USD-JPY broke above its 50-day moving average topping at 113.04, as risk-off conditions abated. Read more

XE Market Analysis: Brazilian Real Slumps on Reform Doubts

By: xemarketanalysis

OVERVIEW GBP continues to react to Brexit headlines. German industrial output falls more than expected. UK house prices rise more than expected. Canadian Dollar is extending Wednesday’s decline in fading rate hike expectations. The Australian Dollar falls after poor trade data. HIGHLIGHT The Brazilian Real is down almost 2%, its biggest one-day decline in a month since President Michel Temer's administration failed to gather enough support from lawmakers to put a pension overhaul plan to a vote. Read more

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