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US Bond Market Week in Review: Yellen Can Expect Support From Cleveland President Mester

By: HaleStewart

This week, Fed President Yellen stated we could expect at least one rate hike soon. Yellen can expect support for that policy prescription from Cleveland Fed President Loretta Mester who is one of the more hawkish Fed members. Mester made her opinions clear in a speech on July 13, given in Australia where Mester made the following observations about the economy: In my view, the underlying fundamentals supporting the U.S. Read more

Weekly Indicators: volatile regional Fed indexes more sour edition

By: New_Deal_democrat

July data included new home sales, up to a new post-recession high, existing home sales, which declined, and durable goods orders, which increased. In the rear view mirror, Q2 corporate profits increased or decreased depending on whether or not inventory adjustments were included (but in either case were higher than Q4 2015). 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 - Aug 26, 2016

By: XE Market Analysis

Markets were jerked around following Fed chief Yellen's Jackson Hole Speech, and subsequent comments from Fed VC Fischer. Yellen indicated the case for a rate hike had strengthened, while at the same time said inflation targets wouldn't be met for "the next few years". Read more

XE Market Analysis: Markets Pause for Fed Chair Speech

By: xemarketanalysis

OVERVIEW Typical quiet August trade has been amplified as market participants sit on their hands, waiting to hear what FED Chair Yellen has to say this afternoon. UK GDP reported a solid 2.2% growth year-over-year, more evidence of a strong economic data post Brexit vote. Japanese CPI falls to 0.5% against the expected 0.7% figure. Read more

XE Market Analysis: North America - Aug 26, 2016

By: XE Market Analysis

Languid summertime trading, exacerbated by the closing proximity of Fed Chair's Yellen speech today, continued. USD-JPY has remained in a tight orbit of 100.50, largely unmoved by Japanese inflation data which showed the BoJ-targeted core CPI reading fall to 0.5% y/y, below the median for an unchanged reading of -0.4% and the lowest rate in three years. Read more

XE Market Analysis: Europe - Aug 26, 2016

By: XE Market Analysis

Lackadaisical trade continued in the forex majors, with summertime conditions exacerbated by the wait for Fed Chair Yellen's keynote address later today. USD-JPY has remained in a tight orbit of 100.50, largely unmoved by Japanese inflation data which showed the BoJ-targeted core CPI reading fall to 0.5% y/y, below the median for an unchanged reading of -0.4% and the lowest rate in three years. Read more

XE Market Analysis: Asia - Aug 25, 2016

By: XE Market Analysis

FX trade was sluggish in N.Y. on Thursday, as the market girded for Fed Chief Yellen's Jackson Hole speech on Friday morning. A sharp rebound in durable goods orders, along with an in-line weekly jobless claims outcome gave the greenback a modest boost, though ranges overall were very narrow. Read more

XE Market Analysis: Brexit Hits German Business Morale

By: xemarketanalysis

OVERVIEW Germany's ifo business climate index fell unexpectedly to 106.2 in August from 108.3 in July, the steepest monthly decline since the Eurozone debt crisis in 2012. U.S. existing home sales fell 3.2% in July to 5.39 million units which was more than forecast however, prices continued to increase, rising 5.6% year-on-year. The Confederation of British Industry said its retail sales volume index rose to +9 in August, its highest since February. HIGHLIGHT The closely watched ifo economic institute's index fell to its lowest since February against expectations for a slight increase to 108.5. Read more

XE Market Analysis: Asia - Aug 24, 2016

By: XE Market Analysis

FX trade remained relatively quiet in N.Y. on Wednesday, as a combination of the Summer doldrums, and Friday's Yellen speech kept traders near the sidelines. The greenback perked up some in morning dealings, allowing EUR-USD to dip under 1.1250 before reversing to 1.1270. Read more

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