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XE Market Analysis: Asia - Mar 08, 2017

By: XE Market Analysis

The dollar rallied broadly after the much stronger than forecast ADP jobs figures, which gave upside risk to Friday's BLS employment report. A strong NFP outcome on Friday will virtually guarantee a Fed rate hike next week. The greenback later pulled back marginally, largely on profit taking dynamics. Read more

XE Market Analysis: U.S. Private Sector Job Growth Surges

By: xemarketanalysis

OVERVIEW German industrial production rebounded more strongly than expected in January, rising 2.8%. China posted its first monthly trade deficit in 3 years in February, as imports surged almost 40% compared to a year previous. UK chancellor raised their forecast for growth in 2017 to 2% but reduced their forecasts slightly for 2018 and 2019. Swiss inflation rose 0.6% year-on-year in February, the fastest pace in over 5 years. HIGHLIGHT The ADP Employment Report posted its biggest reading years last month with 298,000 new jobs added. Read more

XE Market Analysis: North America - Mar 08, 2017

By: XE Market Analysis

The dollar traded firmer, logging a four-session high versus the euro, a fresh seven-week peak against the still-underperforming pound, a two-month peak against the Canadian dollar while more than recouping Tokyo session losses against the yen. The USD index posted a four-session high of 101.99, just 20 pips shy of last Wednesday's eight-week peak. Read more

XE Market Analysis: Europe - Mar 08, 2017

By: XE Market Analysis

The yen remained underpinned, the dollar mixed amid a backdrop of investor caution ahead of the Friday's U.S. jobs report and next week's policy announcement form the Fed. EUR-USD edged out a new four-session low at 1.0558, as did EUR-JPY. USD-JPY drifted lower during the Tokyo session. Read more

XE Market Analysis: Asia - Mar 07, 2017

By: XE Market Analysis

FX Land was largely in snooze mode in N.Y. on Tuesday, with narrowly traded ranges the rule. The dollar started out on a firmer footing, though the modest rally ran out of gas into the London close, and prices mostly turned sideways. EUR-USD treaded water inside a 1.0560 to 1.0588 band, while USD-JPY dipped briefly under 113.90 after topping at 114.15. Read more

Short leading indicators are lit up

By: New_Deal_democrat

I've been noting for several months that the short leading indicators available on a weekly basis have been very positive. In this post I want to take a more detailed look at the most prominent short leading indicators, including those reported monthly. Read more

XE Market Analysis: U.S. Dollar Supported by Higher Interest Rates

By: xemarketanalysis

OVERVIEW German factory orders fell 7.4% in January, their steepest drop in eight years. The U.S. trade deficit jumped almost 10% in January to $48.5 billion, the largest rise since March 2012. Global dairy prices fell 6.3% in the latest auction after falling 3% in February. Brazil's recession unexpectedly worsened at the end of last year as the economy contracted 0.9% from the third quarter. The OECD left its forecast for global growth this year at 3.3%, despite optimism for increased U.S. Read more

XE Market Analysis: North America - Mar 07, 2017

By: XE Market Analysis

The dollar has been mixed, posting a three-session high versus the euro, which was aided by a big miss in German manufacturing orders data, gaining on the still-underperforming pound, holding steady versus the yen, and losing ground to the Australian dollar, which was bid following an upbeat statement from the RBA as it delivered an expected unchanged policy decision.[EUR, USD]EUR-USD ebbed to a three-session low at 1.0558, extending the pullback from yesterday's peak at 1.0640 (which left the 50-day moving average at 1.0647 unchallenged). Read more

XE Market Analysis: Europe - Mar 07, 2017

By: XE Market Analysis

The dollar has settled along with other markets as the release of the February U.S. payrolls report on Friday and the Fed's policy decision next Wednesday are anticipated. USD-JPY is in the upper 113s after logging a four-session low yesterday at 113.55. Read more

XE Market Analysis: Asia - Mar 06, 2017

By: XE Market Analysis

FX trade was quiet in N.Y. on Monday, with major dollar pairings sticking inside relatively narrow trading ranged. The greenback was broadly higher however, likely on the back of nearly baked in the cake prospects for a Fed rate hike next week. EUR-USD struggled over the 1.06 mark, topping at 1.0608 before slipping back into 1.0575. Read more

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