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XE Market Analysis: Asia - Apr 19, 2018

By: XE Market Analysis

The dollar bounced in N.Y. trade on Thursday, taking the DXY to 89.91, a one-week high, and through its 20- and 50-day moving averages of 89.80, and 89.83, respectively. In-line jobless claims and leading indicators, along with a better Philly Fed outcome had little impact, though a late day cable sell-off following dovish Carney comments resulted in the biggest move of the day. Read more

XE Market Analysis: Mexican Peso Falls on Political Jitters

By: xemarketanalysis

OVERVIEW FX market generally quiet with little economic data released. GBP falls after weak retail sales but recovers on M&A announcement. USD flat, Fed's economic survey suggests economy still growing "moderately". HIGHLIGHT The Mexican Peso is down over one percentage point versus the US Dollar, with investors unnerved by the strong performance in the latest opinion polls by Mexican leftist Andres Manuel Lopez Obrador. Read more

Do interest rates still matter for housing?

By: New_Deal_democrat

For the last five years, my housing posts have followed a mantra: interest rates lead sales sales lead price price leads inventory And there is data going back to the 1950s in some cases to back up that relationship. Now, that doesn't necessarily mean that causation couldn't run in the reverse direction, for example: low inventory causes prices to rise But the leading/lagging relationship should be intact, as in: high prices (eventually) cause sales to decline after which, prices go down But in the past five years, mortgage rates have had (some, but) little effect on sales. Read more

XE Market Analysis: North America - Apr 19, 2018

By: XE Market Analysis

The dollar has been trading near steady on net, while moderate yen weakness was a theme during the Tokyo session. The pound also came under some pressure following a miss in UK retail sales, and the Australian dollar lifted concomitantly with commodity prices out of post-Australian jobs data lows, subsequently posting a fresh trend high. Read more

XE Market Analysis: Europe - Apr 19, 2018

By: XE Market Analysis

The dollar has been trading near net steady so far today, while yen weakness remained a theme. EUR-USD has settled in the upper 1.2300s, holding below the three-week high seen earlier in the week at 1.2414. USD-JPY edged out a three-session high at 107.51, EUR-JPY a two-month high, just above 133.00, while AUD-JPY managed a to post a four-session peak. Read more

XE Market Analysis: Asia - Apr 18, 2018

By: XE Market Analysis

The dollar dipped in early trade, taking the DXY to 89.45 lows, from a pre-open high of 89.77. A modest USD short covering rally set in ahead of the London close, which lifted the index back to 89.63. There was no data to drive the market, and FX trade overall was subdues. Read more

XE Market Analysis: Bank of Canada Keeps Rates on Hold

By: xemarketanalysis

OVERVIEW Market sentiment remains positive on headlines that US officials met with North Korean leadership. Canadian Dollar falls after BoC Governor is cautious on rate outlook. GBP slides after inflation cools. EUR mixed, inflation revised down. Turkish Lira outperforming after the president announces the early election. HIGHLIGHT UK inflation unexpectedly cooled to 2.5% last month, its lowest level in a year from 2.7% in February, raising some doubts over whether the BoE will raise rates next month. Read more

XE Market Analysis: North America - Apr 18, 2018

By: XE Market Analysis

EUR-USD traded softer, although rebounded sharply from two separate dips below the 1.2350 level. The pair is down from the three-week high posted yesterday at 1.2414. Yesterday's sub-forecast German ZEW survey put a lid on euro buying as the report developing an economic slowdown theme in the Eurozone's engine economy. Read more

XE Market Analysis: Europe - Apr 18, 2018

By: XE Market Analysis

Narrow ranges have mostly prevailed into the London interbank open, with most of the main dollar pairings holding well within their respective ranges from yesterday. This has been seen amid an ongoing recovery rally in global stock markets as trade and geopolitical concerns continued to abate. Read more

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