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XE Market Analysis: Euro Falls After ECB Meeting

By: xemarketanalysis

OVERVIEW USD is gaining after the House passes the Senate budget and Fed Chair candidates were narrowed to two. GBP is weaker after CBI reports retail sales plummeted in October. The CAD continues to weaken on interest rate outlook. AUD is lower following yesterday's inflation data. HIGHLIGHT The Euro is today's worst performing currency after the ECB announced it will extend its QE program for a further nine months from the beginning of next year at a reduced monthly amount of €30 billion. Read more

September new home sales: the tail end of the hurricanes

By: New_Deal_democrat

Last month I started my note on August new home sales by saying: "Yesterday's new home sales report, on a nationwide basis anyway, can be thrown into the trash basket." This was due to the failure of about 30% of counties in Florida and Texas constituting 14% of the entire national market being unable to report. Read more

September new home sales: the tail end of the hurricanes

By: New_Deal_democrat

Last month I started my note on August new home sales by saying: "Yesterday's new home sales report, on a nationwide basis anyway, can be thrown into the trash basket." This was due to the failure of about 30% of counties in Florida and Texas constituting 14% of the entire national market being unable to report. Read more

XE Market Analysis: North America - Oct 26, 2017

By: XE Market Analysis

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. Read more

XE Market Analysis: Europe - Oct 26, 2017

By: XE Market Analysis

The euro has been trading buoyantly into the ECB announcement today. EUR-USD clocked a one-week high of 1.1837 earlier in the Asian session, and while EUR-JPY and EUR-CHF have remained below their respective 22- and 33-month highs of yesterday, they remain underpinned, with both crosses having picked up from shallow dips. Read more

XE Market Analysis: British Pound Jumps as Economy Improves

By: xemarketanalysis

OVERVIEW USD is slightly softer despite strong goods orders and new home sales. GBP is outperforming on November rate hike bets. CAD hits a 3-month low after cautious Bank of Canada statement. The AUD slides after inflation disappointment. EUR is steady with German business confidence at a record high. HIGHLIGHT The British Pound rose one percentage point versus the Dollar and its major counterparts after data showed GDP grew 0.4% in the previous quarter, beating expectations and cementing expectations for a rate hike from the Bank of England next week. US DOLLAR The US Dollar is broadly weaker despite upbeat data. Read more

XE Market Analysis: North America - Oct 25, 2017

By: XE Market Analysis

The dollar lost ground to the euro, and more especially the pound, which rallied strongly on unexpected strength in UK prelim Q3 GDP data, while gaining ground against the yen and Australian dollar, the latter of which took a hit following a miss in Australian CPI data.[EUR, USD]The euro lifted in the wake of a the solid Ifo report, with EUR-USD an intraday high at 1.1781 while EUR-JPY and EUR-CHF rallied to respective 23- and 33-month highs of 134.48 and 1.1698. Read more

XE Market Analysis: Europe - Oct 25, 2017

By: XE Market Analysis

The Aussie dollar came under pressure following sub-forecast inflation data out of Australian, which pushed back on any nascent ideas that the RBA may have been headed for a rate hike. AUD-USD lost 0.7% in making a 0.7716 low, which is the lowest level seen since mid July. Read more

XE Market Analysis: Asia - Oct 24, 2017

By: XE Market Analysis

The dollar edged higher in N.Y. trade on Tuesday, though ranges overall were relatively narrow. There was no data to move markets, though risk-on conditions helped support the greenback. EUR-USD was fairly steady through the session, with no one making waves ahead of Thursday's ECB meeting. Read more

XE Market Analysis: New Zealand Dollar Slumps To 5-Month Low

By: xemarketanalysis

OVERVIEW USD steady as markets focus on Fed and ECB policy decisions. GBP under pressure as Barnier warns no "bespoke" Brexit. EUR marginally higher, EZ data misses’ expectations. US stock markets hit fresh record highs. HIGHLIGHT The New Zealand Dollar is today's worst performing G10 currency, falling one percentage point versus the US Dollar after the incoming labor-led coalition revealed some of its policy plans. Read more

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