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XE Market Analysis: North America - Nov 16, 2017

By: XE Market Analysis

EUR-USD carved out a fresh low at 1.1767, breaching yesterday's low by 1 pip and marking a 94 pip decline from yesterday's one-month peak. The move largely reflected a bid for the dollar, a rebound following a several-day phase of underperformance, while the euro is trading mixed versus other currencies, firmer against the yen and Swiss franc, but weaker against the pound. Read more

XE Market Analysis: Europe - Nov 16, 2017

By: XE Market Analysis

The dollar has rebounded today after several days of losses against its main peers. USD-JPY led the way, tracking a rebound in risk appetite in Asian equity markets, aided by encouraging corporate earnings reports and a stabilization in oil and other commodity prices. Read more

XE Market Analysis: Tax Reform Doubts Weigh on Sentiment

By: xemarketanalysis

OVERVIEW The US Dollar is broadly lower despite CPI tick up and retail sales beat. The Pound struggles to hold gains as the domestic political situation remains fragile. Euro adds to recent gains and fully recovers its fall since the ECB meeting. The Canadian Dollar is weaker alongside oil prices, and home prices fell sharply last month. Australian Dollar slides after unexpectedly weak wage growth data. Oil prices extended losses after the IEA cut its forecast for global oil demand. HIGHLIGHT The volatility index, or 'fear index', has jumped from a multi-decade low to a 2.5-month high signaling that investors are becoming more nervous about the outlook for financial markets. Read more

XE Market Analysis: North America - Nov 15, 2017

By: XE Market Analysis

The yen has continued to outperform amid a sharpening risk-off theme in global markets. USD-JPY dove to a four-week low at 112.64, driven by safe haven demand for the Japanese currency. AUD-JPY, which can be seen as a forex market proxy on risk appetite, is showing the day's biggest movement out of the currencies we track, presently trading at three-month lows with a 1.1% loss. Read more

XE Market Analysis: Europe - Nov 15, 2017

By: XE Market Analysis

The yen has been outperforming amid a sharpening risk off theme in global markets. USD-JPY has declined to a two-week low at 113.03, and EUR-JPY corrected recent gains in falling under 113.50. AUD-JPY, which can be seen as a forex market proxy on global investor risk appetite, has fallen by 0.9% in making three-month lows. Read more

XE Market Analysis: Asia - Nov 14, 2017

By: XE Market Analysis

The dollar was pressured again in N.Y. on Tuesday, leaving the DXY at nearly three-week lows of 93.75. EUR-USD led the charge, rallying to 1.1805, a three-week high, while USD-JPY bottomed at 113.32, weighed down by risk-off conditions. USD-CAD printed one-week highs of 1.2773, as WTI crude fell over $1/bbl. Read more

XE Market Analysis: Euro Rises as Economy Sets for Best Growth in a Decade

By: xemarketanalysis

OVERVIEW The Pound is under pressure on an inflation undershoot. USD has mixed performance but is generally weaker with a little boost from stronger PPI. Read more

Banks loosen lending, but firms are diffident about borrowing

By: New_Deal_democrat

The Fed released the Senior Loan Officer Survey last Monday, which is of particular interest because in its nearly 30 year history, it has been a good long leading indicator, and so has been added to my stable of same. And the news was puzzlingly mixed. First, the positive news: banks continued to loosen lending standards to commercial firms, exactly as forecast by the Chicago National Financial Conditions Index: In recognition of this, I recently added the Financial Conditions Index to my list of "Weekly Indicators." It is always nice to get confirmation that data is performing as expected. Read more

XE Market Analysis: North America - Nov 14, 2017

By: XE Market Analysis

The euro has rallied by 0.5% versus the dollar and yen, and by over 0.6% versus the pound. Eurozone data releases today that include above-forecast German GDP and a rise, albeit sub-forecast, in the November ZEW survey out of Germany, have helped underpin the shared currency. Read more

XE Market Analysis: Europe - Nov 14, 2017

By: XE Market Analysis

The dollar majors have been trading mixed, with EUR-USD opening in the London interbank market on a bid following above-forecast German GDP data, pushing to early-November highs near 1.1690, while USD-JPY has continued to flat-line around 113.60-65 -- a directionless pattern that has been concomitant with relative stability in global stock markets. Read more

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