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XE Market Analysis: Europe - Apr 30, 2018

By: XE Market Analysis

The dollar majors have posted narrow ranges so far today in what has been thin holiday-affected trading conditions in Asia. The USD index (DXY) is at net unchanged levels at 91.55, below Friday's near-four-month-high at 91.98. EUR-USD has made time in the lower 1.2100s. Read more

Recent Numbers Put the BOE in a Bind

By: HaleStewart

After the Brexit vote, a number of commentators (myself included) argued that the UK economy would fall into a recession. The reason for this conclusion is that recessions are usually caused by some type of economic shock that has broad negative ramifications for the economy at large. Read more

Recent Weakness May Give the ECB Pause to Raise Rates For Now

By: HaleStewart

EU economic news started turning more bullish at the end of 2016. Markit Economic’s PMI surveys frist reflected the more posirive tone, which continued improving through 2017. Industrial production growth – which stalled in 2016 – followed the PMIs higher in 2017. Read more

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

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