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XE Market Analysis: Dollar Outlook Negative on Political Uncertainty

By: xemarketanalysis

OVERVIEW The Pound remains strong across the board on positive Brexit tone and strong economic data. The Euro is steady as Eurozone factories have had their busiest month in 17 years. The Dollar looks vulnerable as Trump's administration looks set to change again. HIGHLIGHT Manufacturing data has been the focus for this week. Read more

Extreme measures? An updated look at corporate profits vs. stock prices

By: New_Deal_democrat

This is an update of prior posts on this subject. One insight generated by making use of overall leading economic indicators is that, if corporate profits are a long leading indicator, and stock prices a short one, then it stands to reason that corporate profits actually lead, rather than follow, stocks, at least when measured as a quarterly average. Corporate profits have now been reported for Q3 2017. Read more

XE Market Analysis: Europe - Dec 01, 2017

By: XE Market Analysis

The euro, and EUR-JPY in particular, has remain buoyant. EUR-USD edged out a four-day high of 1.1933, while EUR-JPY rallied to a four-month high, at 134.29. The recent run of strong data out of the Eurozone, juxtaposed to uncertainties about the U.S. tax reform bill and Fed tightening projection in 2018, have been keeping EUR-USD underpinned. Read more

XE Market Analysis: Asia - Nov 30, 2017

By: XE Market Analysis

The dollar was pressured in morning trade in N.Y. on Thursday, despite solid incoming U.S. data, and a run to record highs on Wall Street, where better prospects for a Senate passage of the tax reform bill buoyed equity market sentiment. The greenback later recovered some ground, leaving EUR-USD near 1.190 from 1.1931 highs, and USD-JPY over 112.50 from a 111.74 base. Read more

XE Market Analysis: Brexit Deal Optimism Sends Sterling To 6-Month Highs

By: xemarketanalysis

OVERVIEW Month-end sees volatility kick up a notch. USD under pressure due to Rex Tillerson’s leave. The Euro shrugs off weak inflation data. Australia Dollar is supported by strong economic data. US equity markets hit fresh record highs. HIGHLIGHT The British Pound has rallied for a 3rd straight session today, hitting a 6-month high on a trade-weighted basis as hopes continue to rise over a deal between the UK and the EU. Read more

XE Market Analysis: North America - Nov 30, 2017

By: XE Market Analysis

The dollar has mostly gained ground today after picking up bids during the European AM session. The buck logged an 11-day versus the yen, and recoup lost ground versus the euro and sterling, after seeing a two-month low in the case against the latter during Asian trading. Read more

XE Market Analysis: Europe - Nov 30, 2017

By: XE Market Analysis

Sterling continued has extended its ascent into a third day, with Cable punching out a fresh two-month high of 1.3480 and EUR-GBP plumbing a three-week low. Reports continue to point to a deal-in-the-works between the EU and the UK on the final financial settlement, and there is also raised hopes that an agreement will be made on the Irish border issue (and so avoid the spectre of a Dublin veto). Read more

XE Market Analysis: Asia - Nov 29, 2017

By: XE Market Analysis

The dollar started the N.Y. session on a firmer footing in early N.Y. trade on Wednesday, though later faded, taking the DXY to a low of 93.13 from session highs of 93.43. EUR-USD bounced from 1.1818 lows to top later at 1.1865, while USD-JPY faded to 111.69 from highs near 112.15. Read more

XE Market Analysis: Sterling Stronger on Rumored Breakthrough in Brexit Negotiation

By: xemarketanalysis

OVERVIEW The Sterling leaped to a two-month high earlier today on renewed Brexit negotiation progress. The US Dollar slips on concerns of a shutdown in the US government after Democrats pull out of the meeting with the President. Cryptocurrency Bitcoin surges to another all-time high above $11,000. HIGHLIGHT The Pound has moved sharply higher against most of the currencies as renewed hope over Brexit negotiations help the currency grow stronger. Read more

XE Market Analysis: North America - Nov 29, 2017

By: XE Market Analysis

The dollar lifted moderately in cautious trading as key data releases from the major economies loom on the near-horizon and with uncertainties prevailing with regard to the scope of Fed tightening ahead and U.S. fiscal policy. USD-JPY recovered from the two-month low seen late yesterday at 110.83, which followed a bout of safe haven demand for the yen on reports that North Korea was prepping another test of a ICBM. Read more

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