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XE Market Analysis: Euro Hits 3-Week Low After ECB Warns of Currency’s Strength

By: xemarketanalysis

OVERVIEW Eurozone second quarter growth was upgraded to 2.2% year-on-year. FOMC minutes showed Fed members were becoming increasingly wary about recent weak inflation. UK government says it is "confident we will have made sufficient progress by October to advance the (Brexit) talks to the next phase”. UK retail sales rose 0.3% in July, annual growth halved. Eurozone inflation was stable at just 1.3% in July, though core inflation increased to 1.3%. Unemployment in Australia fell to 5.6% in July, from 5.7% in June. HIGHLIGHT The Euro fell to a 3-week low after the minutes from the ECB's last meeting showed policymakers were highly aware of the risk that the Euro could threaten the ECB's efforts to get inflation back to its 2% target. Read more

XE Market Analysis: Asia - Aug 17, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Thursday, losing ground to the euro and yen, while posting modes gains against the CAD. Cable was relatively steady. Incoming U.S. data was net positive, as jobless claims fell more than expected, the Philly Fed fell less than anticipated, and industrial production was firmer, though under consensus forecasts. Read more

US Bond Market Week in Review: Is the Fed Changing Their Thinking on Inflation?

By: HaleStewart

My formative years stretched from the mid-1970s to mid-1980s. While my economic awareness at the time was at best weak, I do remember that inflation was a very important issue that was constantly on my father’s mind. It’s also obvious that this period continues to haunt today’s central bankers as they continue to worry about inflationary pressures despite all evidence to the contrary. Read more

XE Market Analysis: North America - Aug 17, 2017

By: XE Market Analysis

EUR-USD ebbed back under 1.1700, over 70 pips down from pre-Europe levels in a move composed of about one part general dollar firming and about three parts general euro weakening. Relatively sustained selling of EUR-JPY, traded at three-day lows, drove broader declines in the common currency. Read more

XE Market Analysis: Europe - Aug 17, 2017

By: XE Market Analysis

The yen has seen its safe haven bid revived following the collapse of Trump's business councils. The Japanese currency is showing a 0.3% bid going into the London interbank open, although the currency is off its highs. USD-JPY logged a three-day low at 109.76. Read more

XE Market Analysis: Asia - Aug 16, 2017

By: XE Market Analysis

The dollar was relatively steady through the morning session, though took a late hit following news the president's policy forum is disbanding, taking EUR-USD to 1.1776 from near 1.1690, and USD-JPY to session lows of 110.15 from near 110.80. Wall Street pared gains in the wake of the announcement, as yields stayed down. Read more

July housing permits and starts continue to fail to make new highs

By: New_Deal_democrat

As of last month, neither permits nor starts had made new highs since winter, and it was sufficient to tip the scales in how I look at the long leading indicators, from positive to neutral. Today's report for July showed that both permits and starts pulled back somewhat from June, but June was even stronger than originally reported, although not a new expansion high. Read more

XE Market Analysis: UK Unemployment Falls To Fresh 42-Year Low

By: xemarketanalysis

OVERVIEW Eurozone second quarter growth was upgraded to 2.2% year-on-year. ECB sources said Mario Draghi won’t discuss monetary policy at next week's Jackson Hole meeting. US housing starts and building permits both fell in July. Australian wage growth remained at a record low of 1.9% in the second quarter. HIGHLIGHT UK unemployment fell unexpectedly again in June to just 4.4%, the lowest rate since 1975 despite the economy having slowed in the first half of the year. Read more

XE Market Analysis: North America - Aug 16, 2017

By: XE Market Analysis

EUR-USD tipped back under 1.1700 amid a bout of general euro selling during the European morning. EUR-JPY also fell, despite gains in USD-JPY, and other euro crosses traded lower. There didn't appear to be a specific data or news catalyst, though yesterday's perky U.S. Read more


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