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XE Market Analysis: Asia - May 29, 2018

By: XE Market Analysis

The DXY pulled back from its nearly seven-month high of 95.01 in N.Y. trade on Tuesday, easing into 94.65 lows before reclaiming the 94.80 level. Incoming U.S. data was dollar-neutral overall, and softness was attributed to a round of profit taking. EUR-USD recovered from opening lows of 1.1535, topping at 1.1389 at mid-morning. Read more

XE Market Analysis: Political Nightmares Pile on the Euro and Kronas

By: xemarketanalysis

OVERVIEW The Greenback moves to a 6-month high against G-10 currencies. The Euro drags the Swedish Krona down 1.40% as politics weigh on risk-sensitive currency. Euro records its lowest level since July last year. Barrel of oil futures continues to roll downwards, down 93 cents to $66.95. HIGHLIGHT The Swedish Krona tumbled to a 13-month low against the USD following political jitters in Italy and Spain. Read more

XE Market Analysis: North America - May 29, 2018

By: XE Market Analysis

The euro's slide stepped up to a vertiginous plummet as the Italian political situation went from bad to worse, posing a long-term existential threat to the Eurozone. As the common currency underperformed, the yen outperformed as market participants ran for safe havens. Read more

XE Market Analysis: Europe - May 29, 2018

By: XE Market Analysis

The euro has remained under the cosh, posting fresh lows six-and-a-half-month and 11-month lows versus the dollar and yen as the London interbank market joins the fray following a long weekend in the UK. The other main theme being seen is yen outperformance, which has enrichened the draw of the Japanese currency as a safe haven. Read more

XE Market Analysis: Italian Political Salsa Sours the Euro

By: xemarketanalysis

OVERVIEW The Euro trading near a fresh 6-month low as politics generates more uncertainty. Oil futures continue to slip lower. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT The UK and the US markets are closed today and with a thin market liquidity condition, currency moves can sometimes be exaggerated. Read more

XE Market Analysis: Italian Political Salsa Sours the Euro

By: xemarketanalysis

OVERVIEW The Euro trading near a fresh 6-month low as politics generates more uncertainty. Oil futures continue to slip lower. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT The UK and the US markets are closed today and with a thin market liquidity condition, currency moves can sometimes be exaggerated. Read more

XE Market Analysis: North America - May 28, 2018

By: XE Market Analysis

The dollar has traded mixed in thin markets, early week trading. Both U.S. and London markets are closed today. Oil prices continued to descend, while Italy remained in the spotlight. EUR-USD initially rallied, logging a high of 1.1728 before returning to near net unchanged levels near 1.1650. Read more

XE Market Analysis: Europe - May 28, 2018

By: XE Market Analysis

The euro has firmed up on news that Italian populist parties have dropped there bid to form a government due to the president's block on the nomination of a Eurosceptic finance minister. EUR-USD lifted to a high of 1.1728, recouping to near last Thursday's highs after subsequently posting a six-and-a-half-month low at 1.1645. Read more

Weekly Indicators: interest rates improve edition

By: New_Deal_democrat

April data included new and existing home sales, both down; durable goods, down; core durable goods up; and the University of Michigan consumer sentiment index, down. 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: Asia - May 25, 2018

By: XE Market Analysis

The dollar firmed up into the long U.S. weekend, with the narrow trade-weighted USD index (DXY) up by 0.5% heading into the London fix. The index logged a six-month peak at 94.25, which is the summit of a six-week run higher. EUR-USD posted a six-month low at 1.1646, and the dollar has seen new trend highs versus other currencies, although is near net flat in the case of the yen. Read more

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