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XE Market Analysis: British Pound Rallies as BoE Signals More Rate Hikes

By: xemarketanalysis

OVERVIEW US congressional leaders reach a budget deal that adds to the deficit. GBP higher after Bank of England meeting. The Euro is softer after ECB comments on inflation and stimulus. German trade surplus shrunk for the first time in 8 years in 2017. Stock markets back in the red mark as global interest rates rise. HIGHLIGHT The British Pound is outperforming today and is up over 1% versus the Dollar after the Bank of England signaled an earlier rate increase. Read more

XE Market Analysis: Asia - Feb 08, 2018

By: XE Market Analysis

The DXY settled near mid-range in N.Y. on Thursday, bottoming at 90.03, and peaking at 90.42. Wall Street's plunge resulted in some save-haven USD buying, with the risk-sensitive yen being an exception. USD-JPY fell to 108.59 lows from 10975 early in the session. Read more

Senior Loan Officer Survey confirms looser credit conditions

By: New_Deal_democrat

A few days ago the Fed put out its Senior Loan Officer Survey. This is a long leading indicator for the economy, as it generally takes a year or two for a loosening or tightening of credit, which is what it measures, to filter through into the wider economy. If it was a portent of DOOOM, it would have been trumpeted from the mountaintops in the econoblogosphere. Read more

XE Market Analysis: North America - Feb 08, 2018

By: XE Market Analysis

The dollar has extended gains in London AM trading. The narrow trade-weighted USD index (DXY) was showing a net gain of 0.3%, as of the late London AM session , at 90.54, which is 3 cents off the day's high, itself the loftiest level seen since January 24. Read more

XE Market Analysis: Europe - Feb 08, 2018

By: XE Market Analysis

The dollar has traded mixed today, gaining moderately versus the euro, sterling, Australian dollar, among other currencies, but holding steady versus the Canadian dollar while gaining for a third straight day versus the yen. The Japanese currency has been coming under pressure as market participants trim safe haven trades as global markets find a toehold, albeit a fragile looking one. Read more

XE Market Analysis: Asia - Feb 07, 2018

By: XE Market Analysis

The dollar rallied in N.Y. trade on Wednesday, taking the DXY to better than two-week highs of 90.40. EUR-USD fell from 1.2350 highs at the open, to 1.2245. USD-JPY meanwhile, rallied from 109.13 to 109.67, as USD-CAD printed one-month highs of 1.2577 on the back of oil price weakness. Read more

XE Market Analysis: US Dollar Firming, Stock Markets Recover

By: xemarketanalysis

OVERVIEW US Senate reportedly agrees on a 2-year government funding deal. Leaked document shows EU could restrict UK market access during the transition. German parties close to forming a coalition government. German industrial output fell 0.6% in December after surging 3.1% in November. UK house prices fell unexpectedly in January. European stock markets are up more than 2%. HIGHLIGHT The US Dollar is showing signs of strengthening, rising against all G10 currencies today, but in particular against the Euro which has come under pressure from news that SPD leader Martin Schulz won’t be appointed as Germany's finance minister. Read more

XE Market Analysis: North America - Feb 07, 2018

By: XE Market Analysis

The dollar traded mostly firmer as U.S. equity future declines, a shaky finish across Asian bourses and a tumble from intraday highs by the main European stock indexes suggest the risk-off phase may not be over yet. EUR-USD fell to a low of 1.2337, swinging yesterday's pre-Wall Street rebound low at 1.2313 back into scope. Read more

XE Market Analysis: Europe - Feb 07, 2018

By: XE Market Analysis

The dollar traded mixed versus its major peers and developing world currencies, losing ground to the yen, euro, and sterling, among others, while gaining versus the Australian dollar and some other currencies, including the New Zealand dollar after a short-lived rally the antipodean currency in the wake of an above-forecast Q4 employment report. Read more

XE Market Analysis: Asia - Feb 06, 2018

By: XE Market Analysis

The dollar started the session on a firmer footing, as it appeared Wall Street would melt down again at the open, which it did. Safe-haven dollar buying was noted before the opening bell, though after plunging initially, stocks turned-tail higher, resulting in dollar selling. Read more

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