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XE Market Analysis: North America - May 14, 2018

By: XE Market Analysis

The USD index (DXY) has slipped below last week's low on route to making an 11-day nadir at 92.31 in what is now the third straight session of declines and the most sustained down phase the dollar has seen since early April. The move has been concomitant with a softening in the outlook for an aggressive Fed stance later this year and next. Read more

XE Market Analysis: Europe - May 14, 2018

By: XE Market Analysis

The dollar and yen trade softer versus most other currencies in fairly quiet earl-y-week trading in Asia, ahead of the London interbank open. USD-JPY itself has posted a narrow range in early-week trading so far, holding in the low-to-mid 109.0s. EUR-USD edged out an eight-day high of 1.1974, while the likes of Cable and AUD-USD remained buoyant but a tad off highs seen last week. Read more

US Economic Week in Review: The Economy is Sound

By: HaleStewart

Periodically, it’s important to review the current status of the US economy by analyzing the leading and coincident economic indicators. That is the purpose of today’s column, which will show that the economy is currently in good shape. Let’s begin with two of the most important leading indicators: building permits and the 4-week moving average of initial unemployment claims: Building permits dropped last month, but inclement weather was the most likely reason for the decline. Read more

International Economic Week in Review: A Closer Look at the BOE's Interest Rate Decision

By: HaleStewart

              Currently, there are two conflicting trends potentially creating a problem for BOE policy makers.  While still positive, GDP growth is slowing: Read more

US Bond Market Week in Review: A Look As Bostic and Bullard's Recent Public Comments

By: HaleStewart

Atlanta Fed President Bostic – a voting member this year -- gave a speech earlier this week which contained his latest thinking on the US economy. Regarding the Fed’s “maximum employment” mandate, he offered the following analysis: The unemployment rate has fallen to its lowest level since December of 2000. Read more

Weekly Indicators: interest rates continue to deteriorate edition

By: New_Deal_democrat

April data included PPI and CPI, both up modestly m/m. University of Michigan's measure of consumer sentiment was unchanged. March wholesale sales and inventory were both up by the same percentage. The JOLTS report for March showed a spike in job openings, which are up roughly 20% YoY, but a decline in actual hires, which are virtually flat YoY. Read more

XE Market Analysis: Asia - May 11, 2018

By: XE Market Analysis

The dollar lost some ground in N.Y. trade on Friday, seeing the DXY slip to 92.37 lows versus Wednesday's 2018 high of 93.42. Softer import prices weighed on the dollar to a degree, as did comments from Fed's Bullard early on, as he said further rate increases are not needed. Read more

XE Market Analysis: Singapore Date Fails to Ignite the Dollar

By: xemarketanalysis

OVERVIEW The Greenback trading soft against the G-10 currencies. US Sanctions and tensions in the Middle East send the WTI trading at $ 71.45, the highest level since November 2014. SEK records the biggest advance on the day with less dovish Riksbank minutes. HIGHLIGHT Politics once again take the center stage in dictating the direction and pace in the currency market. Read more

XE Market Analysis: North America - May 11, 2018

By: XE Market Analysis

The dollar has traded softer for a second day. The USD index (DXY) edged out a four-day low at 92.63, which is nearly 1% off the five-month high that was seen on Wednesday. EUR-USD remained below the rebound high posted yesterday, but lifted back above 1.1900 after dipping to an intraday low at 1.1891, suggesting the pairing has underlying demand after posting its first back-to-back daily gain since mid April. Read more

XE Market Analysis: Europe - May 11, 2018

By: XE Market Analysis

The dollar has come off the boil over the last couple of days. Softer than expected CPI out of the U.S. has taken an edge out of Fed tightening expectations, which led to the dollar losing some of its traction. EUR-USD posted the first back-to-back daily since mid April, rising to a three-day peak of 1.1946 yesterday after extending the rebound from the four-month low that was seen on Wednesday at 1.1822. Read more

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