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XE Market Analysis: Europe - Feb 27, 2018

By: XE Market Analysis

The dollar majors have posted narrow ranges so far today as many market participants sit on their hands into the Congressional testimony of the new Fed chairman, Powell. USD-JPY has held a narrow range, logging a high of 107.10 before settling in the upper 106.00s, holding comfortably within yesterday's range. Read more

XE Market Analysis: Asia - Feb 26, 2018

By: XE Market Analysis

The dollar rallied broadly in N.Y. on Monday, though ended off its best levels. The DXY topped at 90.04 from 59.51 lows, before settling around 89.90. EUR-USD opened just over 1.2325, dipped to 1.2278, then steadied just over 1.2300. USD-JPY opened at 106.75, and later topped at 107.07. Read more

XE Market Analysis: Sterling Steady as Brexit Negotiations Continue

By: xemarketanalysis

OVERVIEW USD remains stable while the probability of a rate hike next month increases. GBP shrugs off Brexit news and remains stable. The Euro sidelines as we wait for the Italian elections and results from the SPD membership vote. The Russian Rouble outperforms as Russia's sovereign rating returns to investment grade. HIGHLIGHT Sterling is gradually firming as the UK cabinet has put on a rare showing of unity. Read more

XE Market Analysis: North America - Feb 26, 2018

By: XE Market Analysis

EUR-USD clocked a three-session high of 1.2355 on a continued dollar softness. The euro is trading more mixed versus other currencies, losing ground to sterling and Australian dollar, while gaining moderately versus the yen, suggesting that forex markets are not too perturbed by the next weekend's general election in Italy, where attention will be on how well EU-sceptic parties, such as the Northern League, fare. Read more

XE Market Analysis: Europe - Feb 26, 2018

By: XE Market Analysis

The dollar has traded softer in early week trading, once again correlating inversely with global stock market direction. The narrow trade-weighted USD index (DXY) logged a three-session low of 89.60 as EUR-USD clocked a two-session high of 1.2334. USD-JPY has ebbed for a fourth consecutive session, logging one-week lows under 106.50 after a rally in early Tokyo stalled at 107.21. Read more

US Economic Week in Review: All Signs Point Towards 12-18 Months of Growth

By: HaleStewart

This week’s US economic news flow was light. I’ll cover the Federal Reserve’s Minutes in the bond market column and, to give a complete picture of the housing market, I’ll wait for next week’s release of new home sales to talk about this week’s existing home sales numbers. Read more

International Economic Week in Review: Global Growth Continues

By: HaleStewart

The positive overall tone of international data continues. Despite predictions to the contrary, UK growth continues. All Canadian indicators point towards higher growth. Japan is finally seeing a modest upswing in prices while the EU's growth spurt continues. Read more

US Bond Market Week in Review: Slightly Faster Growth Brings the Hawks Out

By: HaleStewart

Perhaps it’s only fitting that a potentially new interest rate regime comes with a new head of the Federal Reserve. President Yellen oversaw her last meeting In January where policymakers saw slightly faster growth in the existing data while also projecting stonger growth in the next 12-24 months. Read more

Weekly Indicators: coincident rough patch continues edition

By: New_Deal_democrat

January data this week was sparse: existing home sales were negative, but the Index of Leading Indicators was strongly positive. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Canadian CPI Cools Less Than Forecast

By: xemarketanalysis

OVERVIEW USD closing the week marginally firmer. GBP higher on positive tone from government strategy meeting. EUR weaker as inflation remained soft last month. JPY rises despite still weak inflation. HIGHLIGHT Canadian annual inflation cooled less than expected last month with CPI rising 1.7%, down from 1.9% in December. Read more


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