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XE Market Analysis: Europe - Jun 01, 2018

By: XE Market Analysis

USD-JPY crawled higher during the Tokyo session, as did EUR-JPY and other yen crosses. USD-JPY lifted back above 109.0, though remained shy of yesterday's peak at 109.24. A choppy but overall sanguine reaction in global markets, some would say surprisingly so, to the U.S. Read more

Corporate profits as a long leading indicator: Q1 2018 update

By: New_Deal_democrat

This is an update as to a relationship I have written about a number of times already. See, e.g., http://community.xe.com/blog/xe-market-analysis/corporate-profits-leadin... Q1 corporate profits were reported yesterday morning. That enables me to update several significant relationships. First of all, corporate profits deflated by unit labor costs are a long leading indicator, typically peaked more than a year before the onset of a recession. Read more

XE Market Analysis: North America - May 31, 2018

By: XE Market Analysis

The dollar has traded softer against most currencies while holding near net unchanged versus the yen. EUR-USD carved out a fresh rebound peak of 1.1724, extending the lift-out of the 10-month low that was seen at 1.1510 on Tuesday. A spike in Eurozone HICP to 1.9% y/y from 1.4% gave the euro some vim, while a continued rebound in Italian markets (the 10-year BTP yield has dropped some 18 bp today) has also been in the mix of euro buoyancy aides. Read more

XE Market Analysis: Europe - May 31, 2018

By: XE Market Analysis

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday's selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. Read more

XE Market Analysis: Asia - May 30, 2018

By: XE Market Analysis

The dollar traded broadly lower in N.Y. on Wednesday, taking the DXY to 94.04 after printing near seven-month highs of 95.03 on Tuesday. Calming of political tensions in Italy allowed the euro to rally, taking EUR-USD to 1.1676 highs. USD-JPY traded briefly over 109.00 on the surge on Wall Street, though later eased back to 108.83 lows. Read more

XE Market Analysis: North America - May 30, 2018

By: XE Market Analysis

The euro has firmed up on a combo of perky data out of the Eurozone and amid a calming in Italian markets today. The common currency rose by over an average 0.5% gain versus the dollar and yen, with EUR-USD printing a high so far of 1.1624, which is over a big figure up on yesterday's 10-month low at 1.1510. Read more

XE Market Analysis: Europe - May 30, 2018

By: XE Market Analysis

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday's selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. Read more

XE Market Analysis: Asia - May 29, 2018

By: XE Market Analysis

The DXY pulled back from its nearly seven-month high of 95.01 in N.Y. trade on Tuesday, easing into 94.65 lows before reclaiming the 94.80 level. Incoming U.S. data was dollar-neutral overall, and softness was attributed to a round of profit taking. EUR-USD recovered from opening lows of 1.1535, topping at 1.1389 at mid-morning. Read more

XE Market Analysis: Political Nightmares Pile on the Euro and Kronas

By: xemarketanalysis

OVERVIEW The Greenback moves to a 6-month high against G-10 currencies. The Euro drags the Swedish Krona down 1.40% as politics weigh on risk-sensitive currency. Euro records its lowest level since July last year. Barrel of oil futures continues to roll downwards, down 93 cents to $66.95. HIGHLIGHT The Swedish Krona tumbled to a 13-month low against the USD following political jitters in Italy and Spain. Read more

XE Market Analysis: North America - May 29, 2018

By: XE Market Analysis

The euro's slide stepped up to a vertiginous plummet as the Italian political situation went from bad to worse, posing a long-term existential threat to the Eurozone. As the common currency underperformed, the yen outperformed as market participants ran for safe havens. Read more

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