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XE Market Analysis: Asia - Dec 07, 2017

By: XE Market Analysis

The dollar was firmer in N.Y. trade on Thursday, taking the DXY to 12-session highs of 93.80 in the process. EUR-USD printed 1.1778 lows into the close, marking four days of lower lows. USD-JPY broke above its 50-day moving average topping at 113.04, as risk-off conditions abated. Read more

XE Market Analysis: Brazilian Real Slumps on Reform Doubts

By: xemarketanalysis

OVERVIEW GBP continues to react to Brexit headlines. German industrial output falls more than expected. UK house prices rise more than expected. Canadian Dollar is extending Wednesday’s decline in fading rate hike expectations. The Australian Dollar falls after poor trade data. HIGHLIGHT The Brazilian Real is down almost 2%, its biggest one-day decline in a month since President Michel Temer's administration failed to gather enough support from lawmakers to put a pension overhaul plan to a vote. Read more

Year end 2017 look at the short leading indicators

By: New_Deal_democrat

In his seminal work, in addition to his long leading indicators, Prof. Geoffrey Moore also proposed a series of 11 short leading indicators. These are more variable but typically turn a few months before the economy as a whole. Moore identified them as: S&P 500 stock price index* Average workweek in manufacturing Layoff rate under 5 weeks Initial claims for unemployment insurance* ISM manufacturing vendor performance ISM manufacturing inventory change Journal of Commerce change in commodity prices Change in deflated nonfinancial debt New orders for consumer goods and materials Dun and Bradstreet change in business population Contracts and orders for plant and equipment While a few of these are covered in my "Weekly Indicators" column, many are monthly. Read more

XE Market Analysis: North America - Dec 07, 2017

By: XE Market Analysis

EUR-USD tipped to a low of 1.1776, breaching yesterday's low by 3 pips and making this the fifth consecutive session the pair has carved out a fresh low, a correction from last Friday's peak at 1.1940. Supply ahead of the 1.2000 level put a cap on the pairing. Read more

XE Market Analysis: Europe - Dec 07, 2017

By: XE Market Analysis

Both the yen and the Australian dollar came under pressure today, the former as its safe haven premium unwound some amid a steadying in global stock markets, which were aided upward by a rebound in tech stocks, while the latter was pressured on data showing a sharp drop in Australia's trade surplus. Read more

XE Market Analysis: Asia - Dec 06, 2017

By: XE Market Analysis

A lower than expected productivity revision weighed on the dollar early on, folowing an in-line ADP jobs report. From there, the greenback caught a mild bid, takiung EUR-USD from 1.1824 higsh to 1.1780 lows. USD-JPY bottomed at 112.11 before later topping at 112.37. Read more

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

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