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XE Market Analysis: North America - Sep 12, 2017

By: XE Market Analysis

The dollar carved out new rebound highs versus the yen and euro, among some other currencies, though traded lower in some cases, most notably the pound, which rallied strongly following perkier than expected UK inflation data. USD-JPY continued to gain as markets react to a sense of reduced risks stemming from North Korea and Hurricane Irma, with the former having refrained (for now) from further missile testing and the latter now having weakened to a tropical storm rating while tentatively proving to be less damaging than feared to the U.S. Read more

XE Market Analysis: Europe - Sep 12, 2017

By: XE Market Analysis

The dollar carved out new rebound highs during the Asia session. USD-JPY continued to lead the way as markets react to a sense of reduced risks stemming from North Korea and Hurricane Irma, with the former having refrained from further missile testing and the latter now having weakened to a tropical storm rating while tentatively proving to be less damaging than feared to the U.S. Read more

XE Market Analysis: Dollar Recovers as Irma Loses Strength

By: xemarketanalysis

OVERVIEW Market risk sentiment improves after no new missile launches from North Korea. ECB board member, Benoit Coeure, warned that persistent Euro gains might weigh on inflation. Britain's Brexit minister David Davis warns MP's over voting against great repeal bill. Canadian housing starts unexpectedly rise in August. HIGHLIGHT The US Dollar is recovering today, after having its worst week in months last week as market skepticism over US rate hikes increased, and Hurricane Irma headed towards Florida after devastating the Caribbean islands. Read more

XE Market Analysis: Asia - Sep 11, 2017

By: XE Market Analysis

The dollar was broadly higher in N.Y. on Monday, as risk-on conditions returned. No missile/nuclear activity from N. Korea over the weekend, along with a less dmaging that feared outcome from Hurricane Irma combined to lift the greenback, stocks and Treasury yields. Read more

XE Market Analysis: North America - Sep 11, 2017

By: XE Market Analysis

The dollar was bid and safe haven currencies have been offered, reportedly on relief that North Korea didn't conduct another missile test over the weekend (which had been widely feared on Friday). USD-JPY rallied over 0.5% in recouping about a half of the losses seen on Thursday and Friday last week. Read more

XE Market Analysis: Europe - Sep 11, 2017

By: XE Market Analysis

The dollar gained while safe haven currencies weakened in early week trade, concomitantly with stock market rallies amid relief that North Korea refrained from conducting a further missile test over the weekend (which had been widely feared heading into the weekend). Read more

International Economic Week in Review: The Bank of Canada Raises Rates; The ECB and RBA Stand Pat

By: HaleStewart

     This was a busy week for central banks: the Bank of Canada raised rates while the ECB and RBA maintained their current respective interest rates.  Other news was largely positive with statistics continuing to show a broadly advancing global environment. Read more

US Equity and Economic Week in Review -- Is the Market Topping Out?

By: HaleStewart

This week, the Institute of Supply Management released their latest manufacturing and service sector surveys. Both indicate broad swaths of the economy are on solid ground. The only bearish news this week were a continued weakness in auto sales, as the annual sales pace once again declined. Read more

US Bond Market Week in Review: Bullard and Brainard Challenge Conventional Inflation Thinking

By: HaleStewart

The Fed has publicly stated it has a 2% inflation target. Yet inflation has been stubbornly uncooperative in reaching this level. Although the PCE price deflator moved above 2% earlier this year, it has since decreased; both the overall and core rates are now 1.4%: The latest Fed meeting minutes show the Fed is concerned about weak price pressures; they discussed this topic at the latest meeting, offering the following explanations: These included a diminished responsiveness of prices to resource pressures, a lower natural rate of unemployment, the possibility that slack may be better measured by labor market indicators other than unemployment, lags in the reaction of nominal wage growth and inflation to labor market tightening, and restraints on pricing power from global developments and from innovations to business models spurred by advances in technology. Read more

Weekly Indicators: brace for hurricane impacts edition

By: New_Deal_democrat

August data consisted of a positive ISM services index. July data included a decline in factory orders, but a rise in both sales and inventories at the wholesale level. The ratio of inventory to sales was flat. 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

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