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XE Market Analysis: Europe - May 17, 2018

By: XE Market Analysis

The dollar and yen traded moderately lower during the Tokyo session, ahead of the London interbank open. USD-JPY has oscillated in the lower 110.0s, holding in a consolidation below the 13-week high that was posted yesterday at 110.45. The intraday low so far is 110.07. Read more

XE Market Analysis: Dollar Firm, Euro Falls on Italian Political Concerns

By: xemarketanalysis

OVERVIEW US Dollar made fresh highs before giving back some ground despite solid data. EUR slides below 1.18 as Italian political parties agree to form a government. GBP little changed, towards recent lows. CAD outperforming other G10 currencies after strong factory sales. Turkish Lira hits a fresh record low, central bank promises ‘necessary steps’ to calm Lira. Read more

XE Market Analysis: North America - May 16, 2018

By: XE Market Analysis

The dollar firmness theme mutated into a specific EUR-USD weakness theme, with the pairing trading under the 1.1800 level for the first time since December while the dollar concurrent gave back some of the gains it saw yesterday versus the yen, Canadian dollar and other currencies. Read more

XE Market Analysis: Europe - May 16, 2018

By: XE Market Analysis

The dollar has been buoyed by rising U.S. Treasury yields. The U.S. 10-year T-note hit a seven-year high above 3.03% while Fed funds futures were, as of the PM session on Wall Street yesterday, fully pricing in at 25 bp tightening at the June 12th-13th FOMC while discounting about 80% odds for another quarter point hike by September. Read more

XE Market Analysis: Asia - May 15, 2018

By: XE Market Analysis

The DXY surged to 2018 highs in N.Y. trade on Tuesday, with the dollar taking its cue from decent incoming U.S. data in the form of retail sales and Empire State index, and the resultant pop in Treasury yields to multi-year highs. The higher yields spooked Wall Street, which was sharply lower. Read more

XE Market Analysis: Mighty Dollar Buoyed by Higher US Treasury Yields

By: xemarketanalysis

OVERVIEW The Greenback is trading higher, up 0.4% against the basket of major currencies. Investors are optimistic on trade relations between China and the US. Turmoil in the Middle East sends WTI 0.85% higher to trade $71.55 a barrel. HIGHLIGHT West Texas Intermediate crude for June delivery is trading at a four-year high this morning. Read more

Long leading indicators: On the cusp

By: New_Deal_democrat

For the last 9 years, with periods of greater or lesser concern, I have remained resolutely positive about the economy. For the record, as of now, I still am. But one thing that is different now is just how many of the long leading indicators, while still positive, are on trajectories to turn neutral or even negative generally by next winter. Read more

XE Market Analysis: North America - May 15, 2018

By: XE Market Analysis

The dollar continued to rebound from the correction lows that were posted yesterday against many currencies. The narrow trade-weighted USD index (DXY) was showing a gain of 0.2%, as of the late London AM), at 92.71, earlier logging a two-session high at 92.81. Read more

XE Market Analysis: Europe - May 15, 2018

By: XE Market Analysis

The dollar has rebounded from correction lows that were seen against many currencies yesterday. EUR-USD has cleared yesterday's and posted a two-day low at 1.1910, extending declines from yesterday's high at 1.1996. USD-JPY has lifted toward 110.00, returning focus to recent trend highs at 110.01-03. Read more

XE Market Analysis: Asia - May 14, 2018

By: XE Market Analysis

The dollar lost some ground early in the session on Monday, though later perked up some, taking the DXY to 92.62 from lows of 92.25. There was no data to drive markets, and overall, FX trading conditions were quiet. EUR-USD fell from 1.1993 highs to 1.1926, while USD-JPY rallied from lows of 109.42 to 109.66 highs. Read more

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