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XE Market Analysis: Asia - May 15, 2018

By: XE Market Analysis

The DXY surged to 2018 highs in N.Y. trade on Tuesday, with the dollar taking its cue from decent incoming U.S. data in the form of retail sales and Empire State index, and the resultant pop in Treasury yields to multi-year highs. The higher yields spooked Wall Street, which was sharply lower. Read more

XE Market Analysis: Mighty Dollar Buoyed by Higher US Treasury Yields

By: xemarketanalysis

OVERVIEW The Greenback is trading higher, up 0.4% against the basket of major currencies. Investors are optimistic on trade relations between China and the US. Turmoil in the Middle East sends WTI 0.85% higher to trade $71.55 a barrel. HIGHLIGHT West Texas Intermediate crude for June delivery is trading at a four-year high this morning. Read more

Long leading indicators: On the cusp

By: New_Deal_democrat

For the last 9 years, with periods of greater or lesser concern, I have remained resolutely positive about the economy. For the record, as of now, I still am. But one thing that is different now is just how many of the long leading indicators, while still positive, are on trajectories to turn neutral or even negative generally by next winter. Read more

XE Market Analysis: North America - May 15, 2018

By: XE Market Analysis

The dollar continued to rebound from the correction lows that were posted yesterday against many currencies. The narrow trade-weighted USD index (DXY) was showing a gain of 0.2%, as of the late London AM), at 92.71, earlier logging a two-session high at 92.81. Read more

XE Market Analysis: Europe - May 15, 2018

By: XE Market Analysis

The dollar has rebounded from correction lows that were seen against many currencies yesterday. EUR-USD has cleared yesterday's and posted a two-day low at 1.1910, extending declines from yesterday's high at 1.1996. USD-JPY has lifted toward 110.00, returning focus to recent trend highs at 110.01-03. Read more

XE Market Analysis: Asia - May 14, 2018

By: XE Market Analysis

The dollar lost some ground early in the session on Monday, though later perked up some, taking the DXY to 92.62 from lows of 92.25. There was no data to drive markets, and overall, FX trading conditions were quiet. EUR-USD fell from 1.1993 highs to 1.1926, while USD-JPY rallied from lows of 109.42 to 109.66 highs. Read more

XE Market Analysis: North America - May 14, 2018

By: XE Market Analysis

The USD index (DXY) has slipped below last week's low on route to making an 11-day nadir at 92.31 in what is now the third straight session of declines and the most sustained down phase the dollar has seen since early April. The move has been concomitant with a softening in the outlook for an aggressive Fed stance later this year and next. Read more

XE Market Analysis: Europe - May 14, 2018

By: XE Market Analysis

The dollar and yen trade softer versus most other currencies in fairly quiet earl-y-week trading in Asia, ahead of the London interbank open. USD-JPY itself has posted a narrow range in early-week trading so far, holding in the low-to-mid 109.0s. EUR-USD edged out an eight-day high of 1.1974, while the likes of Cable and AUD-USD remained buoyant but a tad off highs seen last week. Read more

US Economic Week in Review: The Economy is Sound

By: HaleStewart

Periodically, it’s important to review the current status of the US economy by analyzing the leading and coincident economic indicators. That is the purpose of today’s column, which will show that the economy is currently in good shape. Let’s begin with two of the most important leading indicators: building permits and the 4-week moving average of initial unemployment claims: Building permits dropped last month, but inclement weather was the most likely reason for the decline. Read more

International Economic Week in Review: A Closer Look at the BOE's Interest Rate Decision

By: HaleStewart

              Currently, there are two conflicting trends potentially creating a problem for BOE policy makers.  While still positive, GDP growth is slowing: Read more

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