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XE Market Analysis: Pound Jumps to an 8-Month High

By: xemarketanalysis

OVERVIEW Risk aversion remains the main theme in markets which have reacted negatively to news of a special counsel investigation on Russian interference in the US presidential election. European stock markets are down around 1% after US stock markets suffered their biggest daily declines since Donald Trump's victory. Read more

XE Market Analysis: North America - May 18, 2017

By: XE Market Analysis

The yen continued to rally as the risk-off theme continued, while the dollar saw fresh lows against a range of currencies, though managed to subsequently lift somewhat against some. The pound, along with the Japanese currency, was another outperformer, led by a spike in Cable above recent trend highs and the 1.3000 level following strong UK retail sales data. Read more

XE Market Analysis: Europe - May 18, 2017

By: XE Market Analysis

The dollar steadied after posting fresh lows as the "Trump trade" unwind continued after the New York close. The main equity indicies in Asia fell, taking their cur from Wall Street amid concerns that the Trump growth agenda is in jeopardy. USD-JPY losses extended for a second day. Read more

XE Market Analysis: Asia - May 17, 2017

By: XE Market Analysis

The dollar took it on the chin in N.Y. trade on Wednesday, with U.S. political concerns keeping risk taking levels well-contained. Gold soared, yields fell, and Wall Street was hit hard following reports that Trump asked then FBI chief Comey to call off the investigation into former NSA head Flynn and his Russian dealings. Read more

XE Market Analysis: Trump Headlines Drive Risk Aversion

By: xemarketanalysis

OVERVIEW Markets have become increasingly risk averse as the Trump-Comey saga unfolds with revelations that the President urged the former FBI director to drop an investigation into former NSA director Flynn. Eurozone inflation for last month was unchanged from the flash estimate at 1.9% in line with the ECB’s target, while core inflation remains way off their target at 1.2%. South African retail sales grew unexpectedly in March, rising 0.8% year-on-year and should help the country avoid a technical recession. Australian annual wage growth held at 1.9% in the first quarter of the year, its lowest on record as consumer confidence also weakened. US stock markets are down heavily today, though oil prices have managed to strengthen marginally on lower inventory numbers. HIGHLIGHT UK unemployment fell unexpectedly in March and now stands at just 4.6%, its lowest level since 1975 after another strong rise in the number of people in work in the January-March period. Read more

XE Market Analysis: North America - May 17, 2017

By: XE Market Analysis

The dollar saw fresh lows in the early London session against the euro, yen and a number of other currencies, amid concerns about Trump's leadership. EUR-USD rose to a fresh six-month high of 1.1122, the pair's highest level since the U.S. presidential election last November, before settling just south of 111.00, still well up on last week's low at 1.0839. Read more

XE Market Analysis: Europe - May 17, 2017

By: XE Market Analysis

The dollar is trading softer against most currencies, particularly the yen with USD-JPY dropping quite sharply, from levels above 113.50 yesterday to a 12-day low today in Tokyo at 112.34. The narrow USD index has fallen for fourth consecutive session, making its lowest levels since last November's presidential election. Read more

XE Market Analysis: Asia - May 16, 2017

By: XE Market Analysis

The dollar sold off in N.Y. on Tuesday, taking the DXY to six-month lows of 98.11. Incoming U.S. data was mixed, with housing starts light of expectations, and industrial production beating consensus forecasts. EUR-USD rallied from opening lows of 1.1050 to six-month highs of 1.1097, while USD-JPY traded briefly under the 113.00 mark after starting out near 113.75. Read more

XE Market Analysis: Euro Jumps to Six-Month Highs

By: xemarketanalysis

OVERVIEW There are more negative Trump-related headlines that are the focus of FX markets today, driving a weaker US Dollar. The Pound is lower despite UK consumer price inflation rising at its fastest pace in over three years in April. Germany's ZEW survey rose to its highest since July 2015 as investor sentiment continued to improve. The Eurozone trade surplus jumped to €30.9bn in March as both exports and imports signaled rising global and domestic demand. US housing starts unexpectedly fell for a second month in April and building permits were also weaker. US industrial production rose at its fastest pace in three years. Read more

Housing permits and starts: is this the turn?

By: New_Deal_democrat

The housing permits and starts report this morning was of particular significance. I have been forecasting for months that there would be a downward turn sometime in the early part of this year due to the increase in mortgage rates that started last November. Read more


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