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XE Market Analysis: Asia - Sep 08, 2017

By: XE Market Analysis

The dollar managed a dead cat bounce from overnight trend lows, which saw the DXY print 91.02, the weakest since the beginning of 2015. EUR-USD retreated to 1.2015 lows from 1.2092, as USD-JPY recovered briefly to 108.07 highs, from 107.32. USD-CAD bounced from 28-month lows of 1.2062 to 1.2165 following a mixed Canada jobs report. Read more

XE Market Analysis: North America - Sep 08, 2017

By: XE Market Analysis

USD-JPY continued to lead broader dollar declines amid a mix of bearish drivers, including year lows in U.S. Treasury yields, risks for a further ratcheting up in North Korea tensions as the rogue nation nears nuclear ICBM capability, and the dollar-bearish narrative being generated by Hurricane Irma's track toward the south east U.S. Read more

XE Market Analysis: Europe - Sep 08, 2017

By: XE Market Analysis

USD-JPY has led broader dollar declines amid a mix of bearish drivers, including year lows in U.S. Treasury yields, risks for a further ratcheting up in North Korea tensions as the rogue nation nears nuclear ICBM capability, and the dollar-bearish narrative being generated by Hurricane Irma's track to Florida and the south east U.S., and the fallout form Hurricane Harvey. Read more

XE Market Analysis: Asia - Sep 07, 2017

By: XE Market Analysis

The dollar was weaker again in N.Y. trade on Thursday, largely prompted by a hawkish tilting ECB press concerence. Improved Q2 U.S. prductivity, and a hurricane related spike in jobless claims had little impact on the FX market. At his press concerence, Draghi revealed concern over euro strength, as he downplayed any tightening timing, and as the bank downgraded inflation expectaions. Read more

Are consumer long leading indicators rolling over?

By: New_Deal_democrat

The various long leading indicators that I have been parsing for years can be divided up into three basic groups: 1. Financial indicators 2. Producer indicators 3. Consumer indicators The first group, financial indicators, generally have to do with the background "price of money." How easy or tight are the money supply, interest rates, and credit conditions? As of now, most are still positive, several are neutral, and only one (that mortgage rates have not made new lows in over three years) is negative. Read more

XE Market Analysis: North America - Sep 07, 2017

By: XE Market Analysis

The dollar came under pressure during the London AM session as Hurricane Irma tracks toward Florida, and as general euro gains contributed to EUR-USD demand, lifting the pair to a nine-day peak at 1.1994. USD-JPY, meanwhile, drifted back under 109.00, unwinding a good portion of the gains seen yesterday. Read more

XE Market Analysis: Europe - Sep 07, 2017

By: XE Market Analysis

The dollar consolidated during the pre-Europe session in Asia after seeing volatile price action during the NY afternoon. The main movement was a gain in USD-JPY as news of Trump's deal with the Democrats to extend the debt limit mollified market anxieties. Read more

XE Market Analysis: Asia - Sep 06, 2017

By: XE Market Analysis

The dollar perked up slightly in N.Y. trade on Wednesday, aided overall by an improved risk backdrop, and by news from Washington, where there may be agreement, at least tempoarily, to extend the debt limit, and providing hurricane relief funding. EUR-USD ran into sellers at 1.1950, later posting a 1.1912 low. Read more

XE Market Analysis: Canadian Dollar Surges After BoC Hike

By: xemarketanalysis

OVERVIEW Loonie sharply stronger as Bank of Canada hikes interest rates. The US Dollar remains stable as traders sit on their hands. Euro continues to outperform other major currencies. Pound settles after biggest spike since the last two months yesterday. Read more

XE Market Analysis: North America - Sep 06, 2017

By: XE Market Analysis

The euro rallied against the dollar and other currencies. EUR-USD traded at three-session highs in coming within a few pips of 1.1950. There wasn't a specific catalyst, and gains have come despite underwhelming German manufacturing orders data. Market narratives pointed to position jigging into tomorrow's ECB meeting, even though a move toward QE tapering appears to be remote, and continued de-pricing in Fed tightening possibilities before year-end. Read more

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