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XE Market Analysis: North America - Dec 06, 2017

By: XE Market Analysis

The yen rallied on a safe haven, while the Australian dollar and pound underperformed on the respective influences of sub-forecast Australian growth data and rekindling Brexit-related angst. Stock markets in Asia and Europe were a sea of red today. A miss in Australian Q3 GDP, softer oil prices, tech sector woes, Brexit-related anxieties, and concerns about the lofty valuations of stock markets, have collectively been weighing on global equity markets, in turn pushing up safe havens, such as the Japanese currency and gold (and some say Bitcoin's run above $1200 is safe-haven driven). Read more

XE Market Analysis: Europe - Dec 06, 2017

By: XE Market Analysis

The yen has rallied amid a risk-off mood in global markets. A miss in Australian Q3 GDP, soft oil prices, tech sector woes, Brexit-related anxieties, and concerns about the lofty valuations of stock markets, have collectively been weighing on global equity markets, in turn pushing up safe havens, such as the Japanese currency and gold (and some say Bitcoin's run above $1200 is safe-haven driven). Read more

XE Market Analysis: Pound Falls Further on Brexit Disappointment

By: xemarketanalysis

OVERVIEW USD steadies after the solid rise. UK service sector PMI falls more than expected. EU services PMI is at a 6-month high. Australian retail sales bounce, RBA stands on hold. South Africa's economy grew more than expected. HIGHLIGHT The Pound fell further in the European session as the fallout from yesterday's no Brexit deal continued to weigh on the currency. Read more

XE Market Analysis: Asia - Dec 05, 2017

By: XE Market Analysis

The dollar managed modest gains for the most part in N.Y. on Tuesday, allowing the DXY to top at four-session highs of 93.43. The gains came even as U.S. trade and services ISK data disappointed. We look for the dollar to perk up into next week's FOMC meeting, where a 25 basis point rate hike is in the cards. Read more

XE Market Analysis: North America - Dec 05, 2017

By: XE Market Analysis

The dollar has lacked direction so far today, while sterling remained under pressure and the dollar bloc units outperformed, led by the Australian dollar following an above-forecast retails sales report out of Australian, which was subsequently backed-up by a comparatively less-dovish statement from the RBA governor after the December policy meeting left the cash rate at 1.5% for a 16th consecutive month. Read more

XE Market Analysis: Europe - Dec 05, 2017

By: XE Market Analysis

The yen weakened while the dollar bloc units outperformed, led by the Australian dollar following an above-forecast retails sales report out of Australian, which was subsequently backed-up by a comparatively less-dovish statement from the RBA governor after the December policy meeting did the expected and left the cash rate at 1.5% for a 16th consecutive month. Read more

XE Market Analysis: Asia - Dec 04, 2017

By: XE Market Analysis

The dollar got a post-Senate tax bill passage bump higher during Asian hours on Monday, though was relatively steady through the N.Y. session. EUR-USD plied a narrow range, albeit near its overnight low, bottoming at 1.1830. USD-JPY pulled back from over two-week highs of 113.08, though found support into 112.70.USD-CAD edged a bit higher on the back of softer oil prices, topping over 1.2715, while cable pulled back 100 points to 1.3414 after it became clear there was no Brexit breakthrough during the meeting between May and Juncker.[EUR, USD]EUR-USD had a quiet session, managing just a 1.1830 to 1.1859 trading band from the N.Y. Read more

XE Market Analysis: Pound Retreats After No Brexit Deal, US Dollar Gains on Tax Reform

By: xemarketanalysis

OVERVIEW USD gains after the Senate approved the tax bill. The Euro is softer after investor sentiment fell more than expected. US stock markets jumped more than 1% on tax progress to fresh record highs. Swiss Franc weakens 1% as investors seek higher risk, higher return assets. HIGHLIGHT The Pound rallied almost one percentage point versus the US Dollar amid hopes that the UK/EU were on course to reach an 11th hour deal on key stumbling blocks. Read more

XE Market Analysis: North America - Dec 04, 2017

By: XE Market Analysis

The dollar rallied on the Senate's tax cut vote, with USD-JPY rising by over 0.7% in clocking a three-week high of 113.07 and EUR-USD ebbing by nearly 0.5% in making a two-session low of 1.1836, which is near the midway level of the range that's been seen over the last three months. Read more

US Economic Week in Review: Thank God the Economy is On Autopilot Right Now

By: HaleStewart

The autopilot economy continues growing. This week, the BEA released the second estimate for second quarter GDP, which showed solid, broad-based growth. Personal consumption expenditures also rose. Consumer confidence hit a 17-uyear high and new home sales rose to their highest level since the recession. The BEA released their latest estimate of 3Q GDP, which had a 2.3% Y/Y headline number percentage change. Read more

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