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XE Market Analysis: Asia - Jun 22, 2018

By: XE Market Analysis

The DXY printed lows of 94.51 in N.Y. on Friday, down from highs of 94.79, though above the seven-session bottom of 94.44 seen in London. Aside from softer flash manufacturing and services PMIs, there was no data on Friday. EUR-USD peaked at 1.1666, fell to 1.1618 lows, then re-tested the highs into the close. Read more

XE Market Analysis: Deal or No Deal: Markets Wait for OPEC

By: xemarketanalysis

OVERVIEW The Dollar Index slides for the second successive day, down 0.25%. Sterling sees light, bouncing back from 7-month lows amidst hawkish BoE. Poor data sends the Canadian Loonie plunging to new 2018 lows. WTI continues to gain, up $1.85 to trade near $67.42 a barrel. HIGHLIGHT The Turkish Lira continues to extend its gains against the Greenback as we head into the Sunday election. Read more

XE Market Analysis: North America - Jun 22, 2018

By: XE Market Analysis

The dollar came under pressure as stock markets enjoyed a rally, although the MSCI All-Country index still looks likely to close the week lower in a week that trade tensions went next level. The narrow trade-weighted USD index was showing a loss of 0.3%, as of the early PM session in Europe. Read more

XE Market Analysis: Europe - Jun 22, 2018

By: XE Market Analysis

The dollar has traded moderately softer so far today, extending a theme that has been seen since yesterday following the release of the Philly Fed index, which came in much weaker than expected. Amid this backdrop, the euro has corrected some of its recent losses against most other currencies, which has likely reflected short covering, although in a market still wary about the Italian government's Eurosceptic bias. Read more

XE Market Analysis: Asia - Jun 21, 2018

By: XE Market Analysis

The dollar faded lower in N.Y. on Thursday, dented by a softer Philly Fed index. The DXY has topped at 11-month highs of 95.53 ahead of the open, and the weaker data appeared to have prompted some long-dollar position squaring. EUR-USD opened at 1.1540, later rallying to 1.1633 highs. Read more

XE Market Analysis: Sterling Jumps on MPC Vote, with Haldane Now Voting to Hike

By: xemarketanalysis

OVERVIEW Sterling rebounds following MPC vote and renewed expectations of a rate hike. USD weakens after a sharp drop in Philly Fed Index. Euro recovered from weakest level since July 2017. HIGHLIGHT The Pound stabilizes against the USD as expectations of a rate hike this year from BOE come back into play. Read more

XE Market Analysis: Europe - Jun 21, 2018

By: XE Market Analysis

The dollar has traded firmer, with, for instance, USD-JPY edging out a four-session high of 110.75, Cable making a fresh seven-month low of 1.3141, AUD-USD a 13-month low at 0.7329, and USD-CAD posting a new one-year high of 1.3325. EUR-USD has been among the exceptions in so far remaining within its range from yesterday, near the 1.1550 level and above the three-week low seen on Tuesday at 1.1531. Read more

A last look at housing

By: New_Deal_democrat

For the last five years that I have been posting on XE, one of my main focuses has been on "long leading indicators," that is, economic data which usually turns a year or more before the economy as a whole turns. Perhaps the single one of those I have most often discussed is housing. Housing is somewhat unique among the long leading indicators. Read more

XE Market Analysis: Asia - Jun 20, 2018

By: XE Market Analysis

The DXY eased back slightly in N.Y. on Wednesday, as markets overall steadied as trade war fears subsided to a degree. The dollar did find some support from comments from Fed chair Powell, who said the case for gradual rate increases us "strong". EUR-USD topped at 1.1600 early, before touching 1.1566 lows. Read more

XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

By: xemarketanalysis

OVERVIEW Euro stable on Draghi comments. Sterling hits 7-month low ahead of parliament Brexit vote. Loonie hits the lowest rate in almost a year against the US Dollar on trade concerns. HIGHLIGHT The Pound remains under pressure as the House of Commons will be asked this evening to vote to pass Theresa May's Brexit blueprint. Read more


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