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XE Market Analysis: Europe - Jan 31, 2018

By: XE Market Analysis

The dollar has been trading with a heavy bias amid a backdrop of mostly firming stock markets in Asia, though has remained well off recent trend lows. EUR-USD logged a three-session high at 1.2450, and USD-JPY ebbed to an intraday low of 108.62 after peaking at 109.09 in the Tokyo session. Read more

XE Market Analysis: Asia - Jan 30, 2018

By: XE Market Analysis

After opening under some pressure, the greenback made a bit of a comeback later in the session, rising against the yen and dollar after Bloomberg reported further comments from Treasury Secretary Mnuchin on the dollar. In congressional testimony, Mnuchin reportedly said he was not trying to jawbone the dollar lower, reiterating his CNBC comments from Friday, where he said he supports free FX markets, and that he supports a strong dollar for long term U.S. Read more

XE Market Analysis: EU GDP Keeping Up with US Growth Levels

By: xemarketanalysis

OVERVIEW US consumer confidence improves in January. The British economy is performing better than expected. ECB's caution warranted as German inflation remains lackluster. HIGHLIGHT Q4 GDP from the EU was in line with expectations at 0.6%, allowing year-over-year growth to reach 2.7%, demonstrating that the recent positive momentum in the EU economy is allowing them to keep up with the growth rates in the US. US DOLLAR The Dollar remains volatile as we head into the month end flows of the FX markets. Read more

Second half 2018 forecast: still positive

By: New_Deal_democrat

As promised, once the GDP report came out, I can now give the second part of my 2018 forecast. To forecast Q1 and Q2, I employ the the K.I.S.S. method of following the Index of Leading Indicators plus several other short term data points. For the period over 6 months out, I turn to long leading indicators. A "long leading indicator" is an economic metric that reliably turns a year or more before the onset of a recession. Read more

XE Market Analysis: North America - Jan 30, 2018

By: XE Market Analysis

The dollar has come back under pressure, and is presently vying with the Australian dollar for the biggest loser on the day spot. The narrow trade-weighted USD index (DXY) is presently showing a loss of 0.2%, having earlier been showing a 0.3% gain on the day, and a 0.7% gain from yesterday's low. Read more

XE Market Analysis: Europe - Jan 30, 2018

By: XE Market Analysis

The dollar has continued to hold steady-to-firmer as markets anticipate a hawkish tweak in the Fed's policy guidance at tomorrow's concluding of the FOMC meeting, which starts later today. This sentiment has spilled into global equity markets, souring risk appetite in a richly valued asset environment. Read more

XE Market Analysis: Asia - Jan 29, 2018

By: XE Market Analysis

The dollar managed to gain some ground in N.Y. on Monday, following sharp losses seen last week. The DXY recovered to 89.61 after printing three-plus year lows of 88.44 on Friday. The market appears to be preparing for a more hawkish FOMC statement on Wednesday, which has prompted a round of dollar short covering. Read more

XE Market Analysis: US Dollar Recovers on Rising Interest Rates

By: xemarketanalysis

OVERVIEW U.S. consumer spending rises more than forecast. British Pound weakens on domestic political risk. ECB's Praet signals support for continuing stimulus as CPI still soft. HIGHLIGHT Monthly U.S. inflation ticked up in December. Read more

XE Market Analysis: North America - Jan 29, 2018

By: XE Market Analysis

The dollar has found a toehold, either holding steady or posting gains versus its main peers. EUR-USD has been plying a narrow range in the lower 1.2400s, off from last Thursday's 37-month high at 1.2537. USD-JPY, after last week posting a four-month low at 108.28, has been oscillating with 108.51 and 109.05 so far today. Read more

XE Market Analysis: Europe - Jan 29, 2018

By: XE Market Analysis

The dollar has opened the week on a consolidative footing after tumbling to fresh trend lows last week. EUR-USD has been plying a narrow range in the lower 1.2400s, off from last Thursday's 37-month high at 1.2537. USD-JPY, after last week posting a four-month low at 108.28, has been oscillating with 108.51 and 108.99 so far today. Read more

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