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XE Market Analysis: North America - Dec 29, 2017

By: XE Market Analysis

The narrow trade-weighted USD index (DXY) ebbed to a three-month low of 92.42. This is the culmination of a near 1% decline this week, and a 8.5% decline on the year-to-date, with the dollar ranking as the weakness of the main currencies we track. This is despite the Fed having hiked rates three times, and reflects in part the fact that the U.S. Read more

XE Market Analysis: Europe - Dec 29, 2017

By: XE Market Analysis

The dollar has maintained a soft bias so far on the last day of trading for 2017. EUR-USD remained buoyant after logging a one-month high at 1.1959 yesterday, while USD-JPY eked out a seven-session low of 112.63. The greenback also logged fresh two-month highs versus the Australian, New Zealand and Canadian dollars, and a three-week peak in the cast against the pound. Read more

XE Market Analysis: Asia - Dec 28, 2017

By: XE Market Analysis

The dollar was broadly weaker in N.Y. trade on Thursday, with year-end flows weighing. This said, trading ranges were narrow, and volumes light. A wider than expected advance goods trade deficit, higher than forecast jobless claims print and a better Chicago PMI outcome had little impact. Read more

Marking my 2017 forecast to market

By: New_Deal_democrat

It's the end of the year and so in this, my last post of the year (except for Weekly Indicators), let's take a look back at the forecast for 2017 I made one year ago, and mark it to market. My forecast, as usual, came in two parts: first, using the K.I.S.S. Read more

XE Market Analysis: North America - Dec 28, 2017

By: XE Market Analysis

The dollar posted fresh lows versus a number of currencies. The outperformers were commodity currencies. EUR-USD clocked a one-month high at 1.1946 before settling around 1.1930. USD-JPY saw a six-session low at 112.66 before recouping toward the 113.00 level. Read more

XE Market Analysis: Europe - Dec 28, 2017

By: XE Market Analysis

The dollar has continued on a softening track, concomitantly with the sharp drop in Treasury yields. This drove EUR-USD to a four-week high of 1.1935 and USD-JPY to a six-session low of 112.66. The dollar has also posted two-week lows versus the pound and two-month lows against both the Australian and Canadian dollars. Read more

XE Market Analysis: Asia - Dec 27, 2017

By: XE Market Analysis

FX trade was sleepy in N.Y. on Wednesday, with activity drying up into year-end. The dollar was mixed, losing marginal ground to the euro and pound, while making modest inroads against the yen and CAD. Slow trade can be expected to continue until 2018 kicks off next week.[EUR, USD]EUR-USD pulled back from near one-month highs of 1.1910, bottoming at 1.1886 into the London close. Read more

XE Market Analysis: North America - Dec 27, 2017

By: XE Market Analysis

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1889, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7773, with the Aussie buoyed by a strong rally in copper prices. Read more

XE Market Analysis: Europe - Dec 27, 2017

By: XE Market Analysis

The dollar has been trading with a soft tilt, with USD-JPY edging out a four-session low at 113.12, EUR-USD a four-session high at 1.1884, and USD-CAD making three-week low and AUD-USD a two-month high, at 0.7750. This has come despite robust producer sentient data yesterday out of the U.S., along with the expected fiscal stimulus to come after the passing of the U.S. Read more

US Economic Week in Review: The Economy Ends the Year on a Strong Note

By: HaleStewart

The BEA released their last GDP estimate of the US economy earlier this week. The report showed that the economy is doing very well. On a Y/Y basis, topline growth was 2.3%, which continues the quarterly increase in this number. Individual components were also very strong. Read more

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