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Weekly Indicators: what's going on with rail and steel? edition

By: New_Deal_democrat

The most noted data this week was that in the rear view mirror, Q4 GDP continued to increase at a rate approaching 3% annualized in the initial estimate. Capex and residential investment increased nicely, while inventories slackened. December data included a strong increase in the Index of Leading Indicators, and positive durable goods orders. Read more

XE Market Analysis: Asia - Jan 26, 2018

By: XE Market Analysis

The dollar was dented briefly by the early mix of data, where Q4 GDP came in a bit under expectations. From there, U.S. Treasury Secretary Mnuchin clarified his "weak dollar" comments from earlier in the week, which mostly put a floor under the greenback. Read more

XE Market Analysis: Dollar Volatility Continues Comments

By: xemarketanalysis

OVERVIEW Dollar all over the show has conflicting comments from US government officials. UK GDP surprises at 0.5% for the final quarter of 2017. ECB member says recent public noise on currency rates is proving unhelpful. HIGHLIGHT The US Dollar continues to be extremely volatile as conflicting comments are made by the US Treasury Secretary and the US President in Davos. Read more

XE Market Analysis: North America - Jan 26, 2018

By: XE Market Analysis

The dollar traded at softer levels after correcting a good chunk of the gains seen late yesterday after Trump said that he "ultimately" would prefer a strong dollar. EUR-USD settled in the mid 1.24s, up from the post-Trump low at 1.2364, but well off yesterday's 37-month peak at 1.2537. Read more

XE Market Analysis: Europe - Jan 26, 2018

By: XE Market Analysis

The dollar has ebbed back some after rallying after the London close yesterday at the prompt of Trump, who said from Davos that he favoured a strong dollar "ultimately." EUR-USD settled around 1.2250, up from the post-Trump low at 1.2364. USD-JPY retreated to around 109.00, down from 109.77. Read more

XE Market Analysis: Euro Soars After Draghi's Limited FX Comments

By: xemarketanalysis

OVERVIEW EUR hits fresh 3-year highs. The fallout from US Treasury Secretary’s comments on USD continues, despite attempts to clarify. British Pound trade-weighted index rises to 19-month high. New Zealand Dollar slips after inflation slowed unexpectedly. HIGHLIGHT The Euro has soared 1% to a 3-year high versus the Dollar today after the ECB left monetary policy unchanged as expected, reiterating that the economic expansion continued to strengthen but inflationary pressures remained subdued and warranted monetary accommodation. Read more

XE Market Analysis: Asia - Jan 25, 2018

By: XE Market Analysis

The dollar was smacked down again in N.Y. morning trade on Thursday, taking the DXY to trend lows of 88.45. An upbeat ECB press conference lifted EUR-USD to multi-year highs of 1.2537, while USD-JPY touched 108.50. USD-CAD touched four month lows of 1.2283, while cable hit 19-month highs of 1.4345. Read more

December housing summary: sales and prices accelerate

By: New_Deal_democrat

With this morning's release of new home sales for December, we have a good picture of the housing market through the end of 2017, with the caveat that the Census Bureau's report on median asking rent for the 4th Quarter will not be released until next Tuesday. A quick synopsis of last week's report on December housing permits and starts is: single family permits (the least volatile, most forward looking metric) made another new high total permits were just slightly below their October high the three month moving average of the more volatile housing starts made a new high save for the three month average from 10 months ago. I'll return to that shortly, but now let's take a look at the December new home sales report. Read more

XE Market Analysis: North America - Jan 25, 2018

By: XE Market Analysis

The logged fresh lows in Asia before settling during in London trading. EUR-USD logged a 37-month high of 1.2459, extending the rally seen this week from the low 1.2200s, before settling in the lower 1.2400s into the ECB announcement. ECB policy is in sharp focus with market participants looking for further confirmation that the central bank is on course for QE tapering, though what tempering impact on hawkish impulses may have been caused by the magnitude of recent euro gains could prove to be a key driver for forex markets today. Read more

XE Market Analysis: Europe - Jan 25, 2018

By: XE Market Analysis

Another day, another tumble in the dollar. The USD index (DXY) clocked a new low at 88.81, which is the lowest levels since January 2014. EUR-USD is up for a fourth straight day, logging a fresh 37-month high at 1.2459 before settling around 1.2425. USD-JPY is down for a third straight day, this time logging a four-month low of 108.73, subsequently settling in the low 109.0s. Read more


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