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XE Market Analysis: Asia - May 24, 2018

By: XE Market Analysis

Firmer jobless claims, and softer existing home sales, and the U.S. pullout of the summit with North Korea combined to dent USD sentiment in N.Y. trade on Thursday. USD-JPY was impacted the most on the NK story, falling back to lows of 108.96 from highs over 109.70. Read more

April 2018 housing summary

By: New_Deal_democrat

Let's take a look at the very leading housing market, now that we have all of the major reports for April. To recap, the single most leading and least volatile housing report is single family permits. This last made an expansion high two months ago in February: but there has been no break in the underlying rising trend. So this is very potent evidence just by itself that the economy should continue to progress over the next 12 months. That being said, interest rates tend to lead permits by 6 to 9 months. Read more

XE Market Analysis: North America - May 24, 2018

By: XE Market Analysis

The dollar has traded mostly softer, correcting a little after posting trend highs versus the euro and other currencies yesterday. Yesterday's FOMC minutes from the early May meeting took the upside fizz out of the dollar. The narrow trade-weighted USD index (DXY) is showing a 0.3% decline, at 93.75, down from yesterday's five-month high at 94.19. Read more

XE Market Analysis: Europe - May 24, 2018

By: XE Market Analysis

Yen outperformance has once again been seen, driving USD-JPY to a 10-day low of 109.33 and pushing EUR-JPY further into 10-month low territory. Belligerent rhetoric from North Korea and reports that the Trump administration is mulling a 25% levy on imported cars have provided some added fuel to risk aversion in global markets, which has maintained a safe haven bid for the Japanese currency. Read more

XE Market Analysis: Asia - May 23, 2018

By: XE Market Analysis

The DXY advanced to new trend highs in N.Y. morning trade on Wednesday, though pulled back a bit after the FOMC minutes release, even after the Fed indicated a June rate hike is in the cards, and revealed concerns that trade disputes could damage business sentiment. Read more

XE Market Analysis: US Dollar and Safe-Haven Rally on Risk Aversion

By: xemarketanalysis

OVERVIEW US Dollar strengthens across the board, Yen and Swiss Franc also strengthen. EUR falls to fresh lows for the year after survey shows growth slowed further in May. GBP weaker after inflation miss. Turkish Lira's pain continues, hits fresh record lows. HIGHLIGHT The Turkish Lira's recent selloff accelerated today, as market sentiment turned more negative following downbeat comments from Donald Trump on trade with China and his upcoming meeting with Kim Jung-Un. Read more

XE Market Analysis: North America - May 23, 2018

By: XE Market Analysis

A risk-off theme propelled the yen higher and, to a lesser extent, the dollar, which posted gains against most currencies outside the case versus the Japanese unit. The narrow trade-weighted USD index (DXY) has gained 0.4%, though has remained a little short of the five-month high that was seen on Monday at 94.06. Read more

US Bond Market Week in Review: A Look at Loretta Mester's Hawkish Reasoning

By: HaleStewart

Loretta Mester is the president of the Cleveland Federal Reserve. While her speeches are normally more general in nature, her May y14 presentation to the Global Interdependence Center contains more detail, allowing us to better understand her more hawkish analysis of the U.S. Read more

US Economic Week in Review

By: HaleStewart

This week, the markets received several key pieces of leading and coincidental data. Let’s start with 1-unit building permits, which has a bullish economic backdrop. The labor market is strong. While interest rates are increasing, the average 30-year mortgage is slightly below 4.6%; while high by recent standards, it’s low historically. Read more

Weekly Indicators: long term forecast deteriorates further edition

By: New_Deal_democrat

April data included an increase in industrial production, capacity utilization, and both nominal and real retail sales. Both housing permits and starts declined slightly from their previous record pace for this expansion. Nevertheless the Index of Leading Indicators was positive. March business sales were up, and inventories were flat, so the ratio of the two improved. 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


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