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Expect the BOJ To Stay on the Sidelines For Now

By: HaleStewart

Before analyzing the Bank of Japan’s latest interest rate decision, let’s analyze the current condition of the Japanese economy by looking at it from the same perspective as the BOJ. They often talk about “virtuous cycles,” which begins with consumer or business activity and ends with spending. Read more

Weekly Indicators: more slight deterioration edition

By: New_Deal_democrat

March data was again all positive, including both new and existing home sales, the FHFA and Case-Shiller house price indexes, and durable goods orders. First quarter GDP rose, although at a lower rate than Q4 2017, and the most leading components of GDP were mixed. Read more

XE Market Analysis: Asia - Apr 27, 2018

By: XE Market Analysis

The DXY retreated from three-plus month highs of 91.98, pulling back to 91.58 lows on pre-weekend profit taking. The index had put together a string of eight consecutive higher daily highs before Friday's pullback. The dollar perked up briefly following the slightly better than expected U.S. Read more

XE Market Analysis: North America - Apr 27, 2018

By: XE Market Analysis

The dollar ramped higher, driving the USD index (DXY) to a 16-week high at 91.90 and EUR-USD to a 16-week low at 1.2064. This is the biggest weekly loss EUR-USD has seen since the week of November 13th-17th last year. Cable concurrently logged a six-week low, and AUD-USD a four-month low. Read more

XE Market Analysis: Europe - Apr 27, 2018

By: XE Market Analysis

The dollar majors were sitting at near net unchanged levels heading into the London interbank open today. EUR-USD late yesterday traded below 1.2100 for the first time in early January, extending the latest phase of losses which were seen in the wake of the dovish-tilting guidance of ECB President Draghi yesterday, following the central bank's April policy review. Read more

XE Market Analysis: Asia - Apr 26, 2018

By: XE Market Analysis

The DXY shot up to three-plus month highs of 91.61 highs in N.Y. on Thursday, as euro weakness was the major driver following an ECB press conference which was decidedly more cautious on the growth outlook than the policy statement suggested. EUR-USD fell from 1.2180 t o1.2198 lows. Read more

XE Market Analysis: Euro Weakens as Mario Draghi Says ECB is Assessing Softer Data

By: xemarketanalysis

OVERVIEW US government yield falls back below 3%. US durable goods orders rise, business spending on equipment falls. Swedish central bank keeps rates on hold, postpones rate hike. BoC Governor says the economy is finally positive. HIGHLIGHT The Euro is trading at a 3-month low versus the US Dollar following the ECB meeting where Mario Draghi maintained a cautious tone on the central bank's policy. Read more

XE Market Analysis: North America - Apr 26, 2018

By: XE Market Analysis

The dollar was showing modest net declines on the day as of the early European PM session, giving back gains seen during the pre-London session in Asia, when the greenback posted fresh trend highs versus the euro and yen, among other currencies. The Swedish krone was a notable mover after the Riksbank pushed back the timing of its expected first tightening of the cycle. Read more

XE Market Analysis: Europe - Apr 26, 2018

By: XE Market Analysis

The dollar has dipped after posting fresh highs versus the euro and yen, among other currencies. EUR-USD posted an eight-week low at 1.2159 while USD-JPY rose of an eighth consecutive day, making an 11-week high at 109.46. The move reflected ongoing dollar strength, although the yen has been among the leaders of the underperforming currencies over the last week, too. Read more

XE Market Analysis: Asia - Apr 25, 2018

By: XE Market Analysis

The DXY posted three-plus month highs of 91.24 in N.Y. trade on Wednesday, largely driven by higher Treasury yields. There was no data to move the markets, though Wall Street was lower once again, despite mostly solid incoming earnings reports. EUR-USD touched trend lows of 1.2168, while USD-JPY topped at two-plus month highs of109.38. Read more

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