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XE Market Analysis: Trump Targets Loonie

By: xemarketanalysis

Trump's tough talk on trade has caused the Loonie to fall.   Lumber Fire The Loonie has come under fire in the second half of the week after President Trump imposed a new 20% tariff on Canadian softwood lumber.  Read more

XE Market Analysis: Asia - Apr 26, 2017

By: XE Market Analysis

The dollar moved higher in N.Y. trade on Wednesday, ahead of the tax reform announcement, helped early on by positive U.S. tax reform talk and higher stocks. USD-JPY was choppy, though managed near one-month highs of 111.76 as Treasury Secretary Mnuchin called for 15% corporate tax rates, and a 10% tax on repatriated profits. Read more

XE Market Analysis: Loonie Under Pressure

By: xemarketanalysis

OVERVIEW Markets are quiet today with a lack of fresh stimulus. Investors await details, due today, on Trump's major tax reforms. Australian inflation rose 0.5% in the first quarter, driving the annual pace of CPI to 2.1%. HIGHLIGHT The Canadian Dollar hit a 14-month low versus its American counterpart after the US announced tariffs on imports of Canadian softwood lumber products. Read more

Money and financial long leading indicators update

By: New_Deal_democrat

The basic financial indicators of money, credit, and interest rates tend to be the longest leading indicators, as they set the basic backdrop for business and consumer borrowing in order to spend. Think of money supply as the production of money, interest rates as its price, and credit conditions as its throttle. Read more

XE Market Analysis: North America - Apr 26, 2017

By: XE Market Analysis

The yen rebounded from fresh lows as the "Macron-trade" paused. USD-JPY was back to near net unchanged at 111.16 bid as of the late London AM session, having earlier clocked a 16-day peak at 111.63. EUR-JPY ebbed to around 121.20 after earlier trading in six-week high territory near 122.00. Read more

XE Market Analysis: Europe - Apr 26, 2017

By: XE Market Analysis

EUR-JPY continued as the dominant mover in forex markets today. Expectations for U.S. tax cuts and the perceived passing of political existential risk in the Eurozone have continued to feed a global stock market rally, a backdrop which is keeping the yen under pressure. Read more

XE Market Analysis: Asia - Apr 25, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, leaving EUR-USD at four-plus month highs of 1.0949, and USD-JPY at two-plus week highs of 111.10. USD-CAD surged to 14-month top of 1.3626, while cable gravitated to 1.2845 highs. The euro was supported by the French election result, and reports the ECB may shift its policy stance at mid-year. Read more

XE Market Analysis: Markets Less Worried about Le Pen Risk

By: xemarketanalysis

OVERVIEW Markets remain positive following yesterday's impressive gains as investors turn their attention to Trump's tax plans. UK government borrowing came in slightly higher than forecast for March. US Commerce Secretary Willbur Ross announced import duties on Canadian softwood lumber. Expectations of UK consumer inflation over the coming year remained steady at 2.5% in April. HIGHLIGHT The cost of protecting against swings in the Euro versus the US Dollar was almost halved following Sunday's first round outcome of France’s presidential election. Read more

XE Market Analysis: North America - Apr 25, 2017

By: XE Market Analysis

The euro remained buoyant, led by EUR-JPY gains, as markets continued to discount that France will end up with a pro-EU president at the runoff elections on May 7. EUR-USD lifted above 1.0890, drawing back yesterday's post-French election high at 1.0906. Read more

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