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XE Market Analysis: North America - Jul 17, 2017

By: XE Market Analysis

EUR-USD has settled in the mid 1.14s after edging out a three-session high at 1.1474 during thin Asian trade. While the pair logged 13-month highs last week, which was the culmination of a three-month rally phase, some momentum indicators are flagging, with the 14-day relative strength index, for instance, falling back despite the new highs. Read more

XE Market Analysis: Europe - Jul 17, 2017

By: XE Market Analysis

The dollar and other currencies consolidated. Trading has been thin with Japanese markets closed, and with northern hemisphere markets in summertime mode. USD-JPY, after posting its first down week since early June last week, settled in the mid 112.0s. Read more

US Equity and Economic Week in Review: Stronger Markets But Some Data Weakness

By: HaleStewart

This week’s news was mixed: retail sales were weak while industrial production rose. And on the bullish side, the markets rebounded. But as I noted in this week’s bond market column, there is an increasing breadth to the sluggish data. The weakness hasn’t filtered into the long-leading and leading data yet, but that doesn’t mean we’re not seeing it. Retail sales decreased .2% and have been weak or declined in 7 of the last 13 months: And the results of the sub-categories are concerning: Sales at food and beverage stores (top chart) have declined or grown slightly in 7 of the last 13 months. Read more

International Economic Week in Review: A Smattering of Data

By: HaleStewart

     With the exception of Canada’s interest rate decision, this week’s news was light.  From a personal perspective, this was fortunate as I was traveling most of the week. Read more

US Bond Market Week in Review: Is the Economy Weaker Than the Fed Thinks?

By: HaleStewart

       This week, in her statutorily mandated Congressional testimony, Janet Yellen gave a fairly upbeat assessment of the economy: Read more

Weekly Indicators: long term forecast remains neutral edition

By: New_Deal_democrat

June data included a flat CPI, and a very slight increase in PPI. Industrial production was positive, but retail sales were negative. Preliminary consumer sentiment by the University of Michigan declined. May data included a weakly positive Labor Market Conditions Index, and a mixed JOLTS report. Read more

XE Market Analysis: Dollar Slumps as U.S. Data Reduces Rate Hike Prospects

By: xemarketanalysis

OVERVIEW U.S. consumer price inflation slows more than expected in June. U.S. retail sales fell for a second straight month in June, and consumer sentiment also weakened. The Eurozone's trade surplus jumped to €21.4 billion in May. HIGHLIGHT The Dollar has fallen sharply against a number of its G10 counterparts after weaker than expected inflation and retail sales data was released. Read more

XE Market Analysis: Asia - Jul 14, 2017

By: XE Market Analysis

The dollar hit the skids in N.Y. on Friday, with cooler CPI and weak retail sales driving the greenback lower. The DXY hit nearly 10-month lows of 95.14, which left EUR-USD at 1.1468 highs, and USD-JPY at two-week lows of 112.26. USD-CAD printed near 14-month lows of 1.2627, while cable clocked 10-month highs of 1.3093.[EUR, USD]EUR-USD ramped up to intra day highs of 1.1468 after the damp early U.S. Read more

XE Market Analysis: North America - Jul 14, 2017

By: XE Market Analysis

EUR-USD settled near the 1.1400 level, up on yesterday's 1.1370 low but remaining comfortably off the 14-month peak logged earlier in the week at 1.1489. The yen weakened during the first half of the Tokyo session before clawing back losses. USD-JPY logged a peak of 113.56, up from yesterday's 112.86 low, before ebbing back to around 113.20. Read more

XE Market Analysis: Europe - Jul 14, 2017

By: XE Market Analysis

The yen came under general pressure during the pre-Europe part of the Asian session today. The Japanese currency gave back some of the gains it saw over the last couple of days. USD-JPY and EUR-JPY lifted out of yesterday's lows, the former logging a peak of 113.57, up from yesterday's low at 112.86. Read more

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