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XE Market Analysis: Sterling Slides as Bank of England Lowers Growth and Inflation Forecasts

By: xemarketanalysis

OVERVIEW US Dollar is generally weaker as market sentiment remains positive. Emerging market currencies among top performers on the day after US yields dip from recent highs, many still close to record lows. GBP slide continues after dovish BoE and softer economic data. New Zealand Dollar slides after central bank mentions interest rates moving down. Read more

Gimme credit: the Senior Loan Officer Survey and Real M1

By: New_Deal_democrat

Today is a good opportunity to update two long leading indicators. First, one of the two most positive leading indicators for the economy is the provision of credit (the other is the record low rate of initial jobless claims. Credit as reported earlier this week the Fed's Senior Loan Officer Survey has almost always turned tighter at least one year before the onset of a recession. Read more

XE Market Analysis: North America - May 10, 2018

By: XE Market Analysis

The dollar came off the boil after logging new highs against the euro and some other currencies. Dollar supply from a 3% spike in oil prices (at the intraday highs), which was a consequence of the U.S. breaking from the Iran nuclear deal, was mooted in market narratives as driving the pullback in the greenback. Read more

XE Market Analysis: Europe - May 10, 2018

By: XE Market Analysis

USD-JPY edged out an eight-day high at 109.92 during the Tokyo session, but left the recent trend high at 110.03 unchallenged. The yen maintained a relatively soft tone amid a backdrop of stock market gains on Wall Street and in Asia. Oil prices, meanwhile, logged a new 42-month high. Read more

XE Market Analysis: Asia - May 09, 2018

By: XE Market Analysis

The dollar came off the boil on Wednesday, taking the DXY to lows of 92.84 early in the N.Y. session, down from overnight trend highs of 93.42. The greenback perked up some later in the session, seeing the dollar index recover to 93.15. Softer U.S. core PPI weighed on the USD initially, though buyers quickly returned. Read more

XE Market Analysis: US Dollar Dips from Highs, Canadian Dollar Supported by Oil Price Rise

By: xemarketanalysis

OVERVIEW Euro rebounds from lowest since December remain weak. British Pound stabilizes despite slump in retail sales. Japanese Yen softened as risk appetite recovers. Turkish Lira rebounds from record low versus US Dollar after central bank action. Swedish Krone gains over 1% after inflation remains close to central bank's target. HIGHLIGHT The Canadian Dollar is higher versus its US counterpart, rebounding from a 7-week low as oil prices surged to fresh multi-year highs following President Trump's announcement on the Iran nuclear deal yesterday. Read more

XE Market Analysis: North America - May 09, 2018

By: XE Market Analysis

The dollar came off the boil after logging new highs against the euro and some other currencies. Dollar supply from a 3% spike in oil prices (at the intraday highs), which was a consequence of the U.S. breaking from the Iran nuclear deal, was mooted in market narratives as driving the pullback in the greenback. Read more

XE Market Analysis: Europe - May 09, 2018

By: XE Market Analysis

The dollar has traded firmer, led by a 0.5% rise in USD-JPY after the Tokyo fixing today. The USD index (DXY) is showing a 0.2% gain, posting a new four-month high at 93.34, and EUR-USD logged a fresh 2018 low at 1.1830. USD-JPY lifted above 109.50 for the first time since last Thursday after breaking out of a narrow consolidation around the 109.00 level. Read more

XE Market Analysis: Asia - May 08, 2018

By: XE Market Analysis

The DXY rallied to fresh 2018 highs in N.Y. on Tuesday, supported early by reports the U.S. would pull out of the Iran nuclear deal (later confirmed by president Trump). The index topped at 93.28, levels last seen on December 27. EUR-USD fell to 1.1838 trend lows, before heading back to 1.175, while GBP-USD touched four-month lows of 1.3485 before recovering. Read more

XE Market Analysis: Market Remains “Covfefe” Ahead of Trump’s Iran Announcement

By: xemarketanalysis

OVERVIEW The Dollar Index zoomed to 2018 high as investors brace for the White House announcement. Powell connects the dots confirming that the Fed is on course for gradual hikes. Commodity currencies are under pressure. HIGHLIGHT The Iran deal is on everyone’s lips; the market is bracing for the 2 PM ET announcement. Read more

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