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Real retail sales in depth: positive for 2018

By: New_Deal_democrat

January retail sales were reported on Wednesday. This is a good time for me to update my look at real retail sales, which I find to be one of the most useful metrics to gauge the economy in several ways. November and December's surge was revised downward, and January's nominal decline of -0.3%, coupled together with the CPI increase of +0.5%, means that real retail sales declined -0.8%: This nevertheless means that real retail sales are significantly better than any reading before last September. Read more

XE Market Analysis: North America - Feb 16, 2018

By: XE Market Analysis

The dollar has lifted out of new lows were seen in Tokyo. The USD index (DXY) is now showing a fractional 0.1% gain after showing a 0.3% decline at the lows. The index left a 37-month low at 88.26, and is presently trading at 88.70. EUR-USD tipped nearly 80 pips from the the 38-month high the pair saw in Asia in making its intraday low at 1.2474. Read more

XE Market Analysis: Europe - Feb 16, 2018

By: XE Market Analysis

Another day, another decline in the dollar, which logged a new 38-month low versus the euro, at 1.2554, and a 15-month low against the yen, at 105.54. The USD index (DXY) is down by 0.3%, 88.37, earlier clocking a 37-month low at 88.33. The greenback has also seen fresh lows against most newly developed and developing world currencies. Read more

XE Market Analysis: Asia - Feb 15, 2018

By: XE Market Analysis

The dollar was mostly steady through the N.Y. session on Thursday, with the dollar initially supported by warmer PPI data. Softer industrial production later weighed slightly. The DXY traded a relatively narrow range on either side of 88.80. EUR-USD ranged between 1.2505 and 1.2458, while USD-JPY recovered from 106.20 lows, to peak at 106.85. Read more

XE Market Analysis: US Dollar Slides as Risk Appetite Returns

By: xemarketanalysis

OVERVIEW USD under broad-based pressure despite 10-year treasury yields rising to highest in 4 years. US industrial production falls unexpectedly in January. Japanese Yen rises to multi-year high, BoJ board member Aso plays down intervention talk. French unemployment falls to its lowest since 2009. Canadian home sales drop as new mortgage rules kick in. Read more

XE Market Analysis: North America - Feb 15, 2018

By: XE Market Analysis

The dollar recouped some lost ground after posted fresh losses in Asia and in the early European AM session. The USD index (DXY) was off its lows but showing a 0.3% decline as of the early London PM session. EUR-USD settled back toward the mid 1.24s after logging a two-week high of 1.2510, and USD-JPY recouped above 106.70 after making a 15-month low of 106.30 during the Tokyo session. Read more

XE Market Analysis: Europe - Feb 15, 2018

By: XE Market Analysis

The dollar has declined for a fourth-straight session versus the euro and other currencies. The narrow trade-weighted USD index (DXY) is presently at a two-week low of 88.80, showing a 0.3% decline on the day and now racking up a 1.8% loss on the week so far. Read more

XE Market Analysis: Faster US Inflation Supports Rate Hike Concerns

By: xemarketanalysis

OVERVIEW US CPI above forecast in January as yields rise. USD rises on inflation data but then fell on Russia memo concerns. SA Rand rises as ANC put pressure on President Zuma. Japan's economy grew 0.1% in Q4, posting it as the longest continuous expansion since the 1980s. Read more

XE Market Analysis: Asia - Feb 14, 2018

By: XE Market Analysis

Hot U.S. CPI data, and a surge in Treasury yields dod little to help the dollar on N.Y. on Wednesday. While the greenback popped briefly after the data, sellers quicjly stepped in, taking the DXY to eight session lows of 89.07. The U.S. deficit outlook may be behind some of the USD's struggles this week, with massive shortfalls expected following tax and budget legislation. Read more

XE Market Analysis: North America - Feb 14, 2018

By: XE Market Analysis

The dollar rebounded during the London AM session after declining in Asia. Position squaring was reported with market participants eyeing the release of the U.S. CPI data for January, which may have a potentially large bearing on Fed tightening expectations. Read more

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