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XE Market Analysis: Europe - Aug 30, 2017

By: XE Market Analysis

The dollar is trading firmer against most of its main peers, while the yen has underperformed. USD-JPY has led the way, with the pair having recouped above 110.00 from yesterday's low at 108.26. Yen crosses are also higher, with EUR-JPY rallying to a 19-month high today, for instance. Read more

XE Market Analysis: Asia - Aug 29, 2017

By: XE Market Analysis

It looked like the dollar was out for the count early in the Tuesday N.Y. session, though a bounce in home prices, and a much better than expected consumer confidence outcome rallied stocks, helping the greenback off the floor. EUR-USD fell from near 1.2040 to lows of 1.1982, while USD-JPY topped at 109.53, after printing four-month lows of 108.27 ahead of the open. Read more

XE Market Analysis: North Korea Missile Launch Rocks Markets, Euro Soars

By: xemarketanalysis

OVERVIEW North Korea’s missile launch overnight reignites fears that it has no intention of easing tensions with the US, and that military conflict remains a serious risk. Swiss Franc and Japanese Yen are in demand due to risk aversion global stocks being down sharply. Euro surges through 1.20 with the US Dollar under broad pressure. US consumer confidence rose more than expected in August. German consumer confidence improved further in August, supporting expectations for strong growth. UK house price growth slowed to a 3-month low in August as Brexit uncertainty weighs. HIGHLIGHT The Euro surged to the psychological 1.20 level early in the European session, adding to its impressive rally from last week and hitting its highest level since January 2015. Read more

A tale of two housing slowdowns

By: New_Deal_democrat

Last year after interest rates spiked in the wake of the Presidential election, I forecast a slowdown in the housing market, which duly arrived beginning this spring. We had a similar slowdown in early 2014 after the "taper tantrum:" That resolved positively. Read more

XE Market Analysis: North America - Aug 29, 2017

By: XE Market Analysis

The dollar came under broad pressure while the yen outperformed as a run-to-the-hills sentiment coursed through global markets, with North Korea escalating geopolitical tensions by launching a missile over Japan (ultimately landing in the sea to the east). Read more

XE Market Analysis: Europe - Aug 29, 2017

By: XE Market Analysis

The dollar has come under fresh pressure as the London interbank take to their desks. EUR-USD has punched out new 31-month highs, this time above 1.1990, while the narrow trade-weighted USD index hit a 16-month low at 92.06. USD-JPY dove to a four-month low at 108.33 in early Asia-Pacific dealings before settling in the upper 108.0s. Read more

XE Market Analysis: Asia - Aug 28, 2017

By: XE Market Analysis

The dollar lost ground through the N.Y. session, with fallout from Yellen's non-policy speech on Friday continuing to weigh down the greenback. Trade was relatively thin, as London was on holiday. EUR-USD printed 2.5 year highs of 1.1983, coming from near 1.1925 at the open, while USD-JPY fell back from 109.41 highs, easing into 109.00 at the close. Read more

XE Market Analysis: North America - Aug 28, 2017

By: XE Market Analysis

The dollar saw fresh lows versus the euro, yen and other currencies in early Asia-Pacific trade before currency pairings settled in narrow ranges, with liquidity lacking amid the absence of London markets today. EUR-USD has settled to a narrow range around 1.1920-40 after logging a new 31-month high at 1.1959 in early Asia, extending the dollar weakening theme seen on Friday, in the wake of Yellen's refrain from policy guidance on Friday, which tipped Treasury yields lower by leaving market participants with the view that the Fed is on hold for the year. Read more

International Economic Week in Review: A Hurricane Shortened Edition

By: HaleStewart

This is a hurricane shortened piece (we're fine). Markit released their latest survey numbers earlier in the week. Manufacturing rose .9 to 57.4; the services index was down slightly, moving from 55.4 to 54.9 and the composite increased .1 to 55.8. Read more

US Equity and Economic Week in Review: Real Estate and Equity Market Weakness

By: HaleStewart

This week was all about housing. On Wednesday, the Census Bureau released the latest new home sales figures, which were disappointing. They fell 9.4% M/M and 8.9% Y/Y. Large declines in the Northeast (-23%) and West (-21%) caused the weakness. Read more

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