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XE Market Analysis: North America - May 16, 2017

By: XE Market Analysis

The euro has been in the ascendant today, while the pound turned abruptly lower following a brief post-data rally. EUR-JPY traded above 125.00 for the first time since late April last year, and EUR-USD broke higher, punching above 1.1000 and last week's former trend peak at 1.1023 on route to a fresh six-month high as been set at 1.1048. Read more

XE Market Analysis: Europe - May 16, 2017

By: XE Market Analysis

The euro has continued to drift upward, with EUR-USD logging a nine-day high at 1.0987 just ahead of the London interbank open and EUR-JPY clocking a fresh one-year peak just shy of the 125.00 level. A combo of a risk-on backdrop and a sizable reduction in existential political risks in the Eurozone, post French election, now that last week's "on-the-fact" profit taking phase has come and gone, have been both weighing on the yen and underpinning the euro. Read more

XE Market Analysis: Asia - May 15, 2017

By: XE Market Analysis

The dollar was mostly higher in N.Y. trade on Monday, rising against the yen, pound and CAD, while losing modest ground to the euro. A soft Empire State index dented the greenback early on, though a better than forecast NAHB housing market index later helped the USD recover. Read more

XE Market Analysis: Commodity Prices Jump

By: xemarketanalysis

OVERVIEW Chinese data pointed to a slowdown in growth last month as factory output, retail sales, and fixed-asset investment all slowed down more than expected. New Zealand retail sales grew at a much faster than expected pace in the first quarter, rising 1.5%. The Empire State survey showed activity unexpectedly shrank for the first time in seven months in May as new orders fell. Norway's central bank governor said the economy is recovering but the pace of growth is unlikely to return to levels prior to the fall in oil prices. HIGHLIGHT The price of a barrel of oil jumped more than 3% following an agreement between the world's top two producers to extend oil output cuts. Read more

XE Market Analysis: North America - May 15, 2017

By: XE Market Analysis

The dollar traded mostly softer, though gained versus the yen, as the Japanese currency underperformed. Risk appetite was given a shot in the arm by a strong oil price rally, though the mood flatted somewhat after both the Germany's DAX and the UK's FTSE clocked new record highs. Read more

XE Market Analysis: Europe - May 15, 2017

By: XE Market Analysis

The dollar saw an opening bout of weakness, which saw EUR-USD nudge higher and USD-JPY nudge lower, before a subsequent bout of EUR-JPY demand helped lift the latter pairing out its lows. EUR-JPY has rallied into the London interbank open, with the cross showing a 0.3% gain on the day and making a two-session peak at 124.18. Read more

US Equity and Economic Review: Housing Has Healed

By: HaleStewart

The housing crisis – or, more specifically, the huge increase in mortgage financing that provided the bubble’s fuel -- caused the recession. Reckless lending habits allowed consumers to take at excessive levels of debt, which increased housing demand and drove up housing prices to unsustainable levels. Read more

International Economic Week in Review: The Global Economy Is Still Moving in the Right Direction

By: HaleStewart

The world markets breathed a sigh of relief as the French decisively elected Macron over Le Pen. Had Le Pen won, an EU referendum would have been next and, had they French voted to leave the EU, that trade block would have crumbled. But that does not mean Macron has an easy job ahead of him. Read more

US Bond Market Week in Review: Rates Are Moving Higher

By: HaleStewart

     There is no doubt that the Federal Reserve is in the process of raising rates.  The only question now is “when” and “how much.”  The latest “dot plot” from the latest Federal Reserve provides some general projections: Read more

Weekly Indicators: steady as she goes edition

By: New_Deal_democrat

April data included positive nominal and real retail sales, a surge in producer inflation, but mild consumer inflation. The University of Michigan's initial May consumer confidence reading was generally unchanged. The March JOLTS report was basically neutral. Read more


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