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XE Market Analysis: North America - May 10, 2017

By: XE Market Analysis

EUR-USD has declined for a fourth straight session, this time logging a 12-day low at 1.0863. The euro has also traded softer against the yen and sterling, among other currencies, while the narrow USD index recovered from Asia-session weakness to log a fresh 19-day high. Read more

XE Market Analysis: Europe - May 10, 2017

By: XE Market Analysis

The dollar has traded modestly lower so far today, which some market narratives link with Trump's firing of FBI Director Comey. USD-JPY settled back under 114.00 after clocking a two-month peak at 114.33 yesterday. The high caps an impressive winning streak, with the pair having climbed in every session bar three over the last three weeks as it lifted out of the 108.12 six-month low posted on April 17. Read more

XE Market Analysis: Asia - May 09, 2017

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Tuesday, taking its cue from higher Treasury yields. There was little in the way of market moving U.S. data, though decent risk taking levels provided the greenback some support. EUR-USD topped at 1.0906 at mid-morning before slipping to an eight-session low of 1.0867 into the close. Read more

XE Market Analysis: Fall of Australian Dollar Continues

By: xemarketanalysis

OVERVIEW Markets are higher across Europe today as optimism over global growth drove investors towards equities and away from government bonds. German industrial output also pointed to robust economic activity as it rose 1.4% in the first quarter. The British Retail Consortium reported the strongest year-on-year growth in six years in April. Canadian building permits unexpectedly declined for a second month in March, falling 5.8%. HIGHLIGHT The Australian Dollar has fallen to fresh 4-month lows after disappointing retail sales data showed almost no growth for the first quarter. Read more

Senior Loan Officer Survey shows slight loosening, validating forecast of Chicago Fed indexes

By: New_Deal_democrat

Several weeks ago when I introduced coverage of the Chicago Fed's Financial Conditions Indexes, ( http://bonddad.blogspot.com/2017/04/a-high-frequency-indicator-for-credit.html ) I noted that they appeared to be a very good and much more timely proxy for the quarterly Senior Loan Officer Survey. Read more

XE Market Analysis: North America - May 09, 2017

By: XE Market Analysis

The dollar traded broadly firmer. The narrow USD index was showing a 0.3% gain as of the early European PM session, trading at three-session highs. EUR-USD ebbed to a new post-French election correction low, at 1.0892, while the euro fared better against other currencies, foraying into seven-month high terrain above 1.0900 versus the Swiss franc, and making two-day highs versus the yen. Read more

XE Market Analysis: Europe - May 09, 2017

By: XE Market Analysis

The dollar has been trading firmly so far today. USD-JPY edged out a fresh two-month peak at 113.39, with the pairing now racking up a fairly impressive winning streak, climbing in every session bar three over the last three weeks, lifting out of the six-month low that was posted at 108.12 in mid April. Read more

XE Market Analysis: Asia - May 08, 2017

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Monday, seeing EUR-USD pull back to 1.0924 lows, after topping at 1.1015 in early Asian dealings after the Macron win. Sell-the-news was in effect through to the London close. USD-JPY topped 113.05, a new six-week high, on improved risk appetite. Read more

XE Market Analysis: Macron Victory a Major Focus

By: xemarketanalysis

OVERVIEW Euro makes short-lived gains on the Macron victory in the French presidential election. The Sterling is set to have a run at the key 1.3000 resistance level against the US Dollar. Read more

XE Market Analysis: North America - May 08, 2017

By: XE Market Analysis

The euro retreated after seeing only a brief rally in the opening phases of trading in Asia Pacific following the well-anticipated victory of Macron in the runoff presidential election in France on Sunday. EUR-USD logged a peak of 1.1023, the first time the pairing has traded above the 1.10 level since last November, before an on-the-fact mood deflated the euro to the mid 1.09s. Read more

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