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A last look at housing

By: New_Deal_democrat

For the last five years that I have been posting on XE, one of my main focuses has been on "long leading indicators," that is, economic data which usually turns a year or more before the economy as a whole turns. Perhaps the single one of those I have most often discussed is housing. Housing is somewhat unique among the long leading indicators. Read more

XE Market Analysis: Asia - Jun 20, 2018

By: XE Market Analysis

The DXY eased back slightly in N.Y. on Wednesday, as markets overall steadied as trade war fears subsided to a degree. The dollar did find some support from comments from Fed chair Powell, who said the case for gradual rate increases us "strong". EUR-USD topped at 1.1600 early, before touching 1.1566 lows. Read more

XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

By: xemarketanalysis

OVERVIEW Euro stable on Draghi comments. Sterling hits 7-month low ahead of parliament Brexit vote. Loonie hits the lowest rate in almost a year against the US Dollar on trade concerns. HIGHLIGHT The Pound remains under pressure as the House of Commons will be asked this evening to vote to pass Theresa May's Brexit blueprint. Read more

XE Market Analysis: North America - Jun 20, 2018

By: XE Market Analysis

The dollar has traded firmer, for the most part, though directional commitment has been limited. USD-JPY lifted moderately amid steadying in stock markets in Europe and Asia, and rebound gains in U.S. equity index futures. The pair printed a high of 110.25, putting a little distance in from yesterday's 10-day low at 109.55. Read more

XE Market Analysis: Europe - Jun 20, 2018

By: XE Market Analysis

A pause in risk-off sentiment has seen stock markets recovery some lost ground in Asia and the yen weaken as markets unwound some of the Japanese currency's safe haven premium. Dollar bloc currencies have rebounded, with AUD-JPY, a cross that often correlates inversely with pronounced directional swings in global stock markets, has rallied by 0.5%. Read more

XE Market Analysis: Asia - Jun 19, 2018

By: XE Market Analysis

The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. Read more

XE Market Analysis: Brexit, A Shakespearean Tragedy, Sends the Pound to 7-month Low

By: xemarketanalysis

OVERVIEW The Dollar Index, up 0.4%, is near an 11-month high. The Euro continues to slide lower after dovish comments from Draghi. Canadian Loonie sees a new bottom, knocking on 1.33 post. WTI loses another Dollar, trading near $64.75 barrel. HIGHLIGHT Scandinavian currencies are under pressure this morning; the main driver being Sino-US trade tensions. Read more

XE Market Analysis: North America - Jun 19, 2018

By: XE Market Analysis

The yen outperformed and dollar bloc and emerging market currencies underperformed amid global stock market declines after President Trump threatened China with $200 bln of fresh tariffs. A concurrent theme was euro weakness following remarks by ECB policymakers. Read more

XE Market Analysis: Europe - Jun 19, 2018

By: XE Market Analysis

The yen has rallied amid a risk averse backdrop, with stock markets in Asia and U.S. equity index futures dropping sharply after President Trump threatened China with $200 bln of fresh tariffs. USD-JPY has so far dropped to a six-session low at 109.63, and the pair is very much amid a downward path just ahead of the London interbank open. Read more

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