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XE Market Analysis: Asia - Jun 01, 2018

By: XE Market Analysis

The dollar rallied following the jobs report, where NFP rose more than forecast, and earnings were better than expected. The jobless rate unexpectedly fell to a new low of 3.8%. The buck had been on the rise ahead of the report following a Trump Tweet implying a better than expected outcome. Read more

XE Market Analysis: Trade Wars à la Carte Again

By: xemarketanalysis

OVERVIEW Investors digest strong US payrolls data. Euro jumps into June despite fresh political concerns. WTI slides lower, down 55 cents to trade at $66.50 a barrel. HIGHLIGHT The MXN will be the talk of the town as we head into a crucial month ahead of the July 1st election. Read more

XE Market Analysis: North America - Jun 01, 2018

By: XE Market Analysis

The dollar has traded mostly softer, losing ground to the euro, sterling and the Australian dollar, though has held near net unchanged versus the Canadian dollar while gaining ground against the yen. EUR-USD rallied to a four-day high of 1.1730 as markets digested political development in Italy, where Five Star and the League are forming a coalition government. Read more

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

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