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XE Market Analysis: The Rand Hit By Weak Data

By: xemarketanalysis

OVERVIEW Trump's tough trade talk ahead of G7 keeps investors cautious as emerging market currencies are under pressure. EUR shrugs off weak German data as the focus remains on ECB and rate expectations. GBP weakens after the UK announces Irish border backstop plans. Turkish Lira jumps after central bank hike rates again. HIGHLIGHT The South African Rand is down almost 2% versus the Dollar today, sinking to a five-month low as sentiment toward the currency was soured by a combination of poor economic growth, with investors fleeing emerging market currencies due to concerns over US trade policy. US DOLLAR With no US data released, investors continued to focus on the headline risk emanating from the G7 leaders' summit tomorrow and Saturday. Read more

Gimme more credit: standards tighter for consumers

By: New_Deal_democrat

I wanted to write a little more about the Senior Loan Officers Survey that was released early last month. There are aspects of it that serve as long leading indicators, turning well before the economy as a whole does. As I pointed out last month, credit for large and medium size firms remains very loose (blue in the graph below). Read more

XE Market Analysis: North America - Jun 07, 2018

By: XE Market Analysis

The has dollar lost more ground to most currencies, though continued to hold steady against the yen while gaining a little ground on the Australian and Canadian dollars. EUR-USD has extended to a new three-week high of 1.1838, while EUR-JPY has forayed further into two-week terrain. Read more

XE Market Analysis: Europe - Jun 07, 2018

By: XE Market Analysis

The dollar has retained a mixed-to-softer bias, posting a fresh two-week low against the euro and remaining under pressure against sterling and the Swiss franc, though managing moderate gains versus the Australian dollar and holding steady versus the yen. Read more

XE Market Analysis: Asia - Jun 06, 2018

By: XE Market Analysis

A narrowed trade deficit and downward revised Q1 productivity report had little impact on the dollar in N.Y. trade on Wednesday, though after a brief mid-morning sip, the DXY rallied from 93.44 to 93.69 highs. Treasury yields provided some support to the dollar, as they were dragged higher by EGB rates, following hawkish ECB speak on the timing of ending QE. Read more

XE Market Analysis: Euro Rallies as ECB Officials Hint at Ending Their Bond-Buying Program

By: xemarketanalysis

OVERVIEW The US Dollar tests 110 in USD/JPY. The Euro bounces as ECB officials talk of ending their bond-buying program. The Australian economy goes from strength to strength posting 1% growth in Q1. HIGHLIGHT ECB officials said that they could end the bank's bond-buying program by the end of 2018, the first tightening signal in a long time. Read more

XE Market Analysis: North America - Jun 06, 2018

By: XE Market Analysis

The dollar has traded weaker against all but the yen out of the main currencies. The euro and Australian dollars have been the strongest, the former aided by relative hawkish ECB-speak and the latter boosted by above-forecast Australian GDP data, while the yen underperformed as safe haven premiums unwound some more amid gains in global stock markets. Read more

XE Market Analysis: Europe - Jun 06, 2018

By: XE Market Analysis

Both the dollar and yen have traded softer against most other currencies. EUR-USD has edged out a two-week high at 1.1734. EUR-JPY also posted a two-week peak, though the euro has traded more mixed (i.e. net neutral) versus other currencies, with euro crosses having flattened out for the most part out after rallying over the last week on the shifting Italian political situation. Read more

XE Market Analysis: Asia - Jun 05, 2018

By: XE Market Analysis

The dollar firmed early in the N.Y. session, helped by a stronger services ISM. The DXY made its way to 94.31 highs before later heading to 93.79 lows. EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. Read more

XE Market Analysis: Twiddling Thumbs After Trades and Tariffs

By: xemarketanalysis

OVERVIEW Second-tier data brings temporary calmness in the markets. Commodity currencies under pressure from bilateral NAFTA and sliding oil prices. WTI sheds 35 cents, moving to an 8-week low near $64.42 a barrel. HIGHLIGHT The USD/JPY pair failed to breach the technical 200-day moving average and is now slowly sliding below the key 110.00 psychological mark. Read more


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