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XE Market Analysis: North America - Mar 12, 2018

By: XE Market Analysis

The dollar has traded with a downside bias, posting losses versus the yen and Australian and New Zealand dollars, while managing to recoup modest intraday losses versus the euro. EUR-USD ebbed back toward the 1.2300 level after lifting to a two-session high of 1.2340. Read more

XE Market Analysis: Europe - Mar 12, 2018

By: XE Market Analysis

The dollar has traded steady-to-softer in early-week trading so far. USD-JPY dipped below Friday's low in making 106.35 before rebounding above 106.50. The market was rocked a little by demands for the resignation of Japan's finance minister, Aso, who subsequently said that he would stand his ground. Read more

US Economic Week in Review: The Economy is Hitting on All Cylinders

By: HaleStewart

US economic news continues to be very strong. The Fed observed as much in their latest Beige Book, which reported on an economy clearly in the middle of a broad-based expansion. The latest employment report was amazingly strong. And the latest ISM sentiment data paint a picture of an economy in the middle of an expansion. On Wednesday, the Federal Reserve released the latest beige book. Read more

International Economic Week in Review: The ECB and Bank of Canada Maintain Their Current Rate Policy

By: HaleStewart

At the political level, the “negotiations” between the UK and the EU over Brexit continue to show two parties talking past each other. A week ago Friday, British prime minister May give a speech where she attempted to argue that the UK should still be able to maintain favorable access to the common market. Read more

International Economic Week in Review: Australia and Japan Are Doing Fine

By: HaleStewart

            The RBA kept Australian rates at 1.5%.  The bank’s policy announcement contained a standard overview of the Australian economy.  Let’s start with any central banks first focus: inflation: Read more

Weekly Indicators: long leading forecast just barely above neutral edition

By: New_Deal_democrat

February data included a very strong jobs report, with the only weak spot remaining tepid wage growth. ISM services was also strongly positive. January factory orders declined, and wholesale sales declined, while inventories rose, meaning the inventory to sales ratio also rose, a negative. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Asia - Mar 09, 2018

By: XE Market Analysis

The dollar rallied marginally after the better than expected February employment report, though gains didn't last. The DXY briefly crossed above its 50-day moving average at 90.25, topping at seven-session highs of 90.35, though quickly gave the level back, later bottoming at 90.00. Read more

XE Market Analysis: US Job Growth Surges as Wage Growth Disappoints

By: xemarketanalysis

OVERVIEW Non-farm payrolls surge at its fastest pace in 1.5 years. UK industrial output rises at a solid pace in January. German industrial production falls for a second consecutive month. Canadian job growth missed expectations, and wage growth decelerated. HIGHLIGHT The US employment report showed the economy added 313,000 jobs last month, the largest gain in 1.5 years. Read more

XE Market Analysis: North America - Mar 09, 2018

By: XE Market Analysis

The euro drifted lower into the European PM session, trading at four-day lows versus the dollar and sterling, one-week lows against the Australian and Canadian dollars, and reversing some of the gains seen versus the yen the during the Tokyo session. EUR-USD clocked a low at 1.2290, extending losses that were seen late yesterday as markets digested Draghi's dovish twist of yesterday. Read more

XE Market Analysis: Europe - Mar 09, 2018

By: XE Market Analysis

Yen weakness has been the main show in town, with most other currency pairings holding narrow ranges. The Japanese currency was showing a 0.5% decline versus the dollar, euro and Australian dollar heading into the London interbank open. USD-JPY rallied to an eight-day high of 106.94, up over 60 pips from yesterday's New York closing level. Read more


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