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XE Market Analysis: Europe - Jun 02, 2017

By: XE Market Analysis

Yen weakness has been the main show in town so far today. USD-JPY rallied to an eight-day peak at 111.71. EUR-JPY also gained, as did other yen crosses, with the Japanese currency underperforming as a risk-on vibe coursed through global markets following a round of solid PMI reports and a stronger than expected U.S. Read more

XE Market Analysis: Asia - Jun 01, 2017

By: XE Market Analysis

The dollar rallied after the better ADP jobs report, taking EUR-USD to session lows of 1.1202 and USD-JPY to highs of 111.48. Mixed data later weighed some on the rally, though risk on conditions returned, taking Wall Street higher, and largely supporting the greenback as well. Read more

Corporate profits may have peaked for this cycle

By: New_Deal_democrat

The first revisions our Q1 GDP got little attention last week's, but at least one number deserves taking note of: corporate profits, particularly as deflated by unit labor costs,failed to make a new high, and actually turned down a little: Why is this. Read more

XE Market Analysis: U.S. Private Sector Job Growth Accelerates

By: xemarketanalysis

OVERVIEW Manufacturing across the Eurozone grew at the fastest rate in more than six years during May, with the PMI reading of 57.0. UK manufacturing sector managed its second fastest growth in nearly three years last month, and firms hired more workers to handle new orders. UK lender, Nationwide, reported house prices fell for a third straight month in May, the first time since 2009. Read more

XE Market Analysis: North America - Jun 01, 2017

By: XE Market Analysis

The dollar has traded modestly firmer, on net, against most currencies. EUR-USD ebbed during the European AM to the 1.1220-30 area after logging a 1.1256 one-week high in Asia. USD-JPY floated back above 111.00 after making a two-week low yesterday at 110.48 and closing in New York at 110.76. Read more

XE Market Analysis: Europe - Jun 01, 2017

By: XE Market Analysis

Weakness in the Aussie dollar drove AUD-USD to a three-week low at 0.7384. Disappointing capex data out of Australia was the catalyst of Aussie selling, as it undershot expectations with 0.3% growth in the headline figure. The median forecast had been for a 0.8% rise. Read more

XE Market Analysis: Asia - May 31, 2017

By: XE Market Analysis

The dollar gave back modest overnight gains in N.Y. on Wednesday, taking the DXY to seven session lows of 96.86. EUR-USD topped at 1.1252, coming from session lows of 1.1212 at the open. A softer risk backdrop kept USD-JPY under pressure, with that pairing falling to two-week lows of 110.49, and down from over 110.90. Read more

XE Market Analysis: British Pound Recovers on Latest Election Polls

By: xemarketanalysis

OVERVIEW The flash estimate of Eurozone CPI for May showed the rise in consumer prices slowed more than expected to 1.4% year-on-year, from 1.9% in April. German retail sales are disappointing, declining unexpectedly on both a monthly and an annual basis in April, raising concerns that a recent pickup in consumption may be starting to fade. Read more

XE Market Analysis: North America - May 31, 2017

By: XE Market Analysis

The dollar came under broad pressure during the latter part of the European AM session. The narrow USD index gave up intraday gains and was showing a net 0.2% decline, as of the early European PM, and logged a three-day low at 97.04. EUR-USD lifted, despite sub-forecast Eurozone inflation data, out of a 1.1164 low to log a three-day peak at 1.1218, and USD-JPY ebbed some 40 pips from Tokyo-session highs to levels under 110.80. Read more

XE Market Analysis: Europe - May 31, 2017

By: XE Market Analysis

Sterling took a 0.5% clobber on a UK election poll form YouGov suggesting that the support for the Tory party had fallen again, to the point that the governing party would loose its majority at the June-8 election and leave Britain with a hung parliament (with the Tories at 310 seats, down from the 330 seats it presently has and below the 326 level needed for a majority, and versus 257 seats for Labour). Read more

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