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XE Market Analysis: The Greenback Searching for TLC After Break-up Letter

By: xemarketanalysis

OVERVIEW The Greenback is steady after its four-week rally came to a halt yesterday. EM currencies remain under pressure with the Turkish Lira and the South African Rand down 0.6% on the day. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT Oil dropped below the $70 mark for a barrel after reports emerged that Saudi Arabia and OPEC partners are considering to increase supplies later this year. Read more

XE Market Analysis: North America - May 25, 2018

By: XE Market Analysis

The dollar has been trading mixed so far today, sitting at near net unchanged levels versus the euro, firmer against the yen, the pound, and the Canadian dollar -- the latter of which was weighed on by accelerating declines in oil prices -- but moderately softer against the Australian dollar. Read more

XE Market Analysis: Europe - May 25, 2018

By: XE Market Analysis

The dollar has returned to form, nudging higher versus the euro and yen, and most other currencies. EUR-USD is pressing on 1.1700 as the London interbank gets up an running, putting Wednesday's six-month low at 1.1675 back in the crosshairs. The Fed remains on a tightening track while the sentiment towards the Eurozone is being marred by Italy. Read more

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

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