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XE Market Analysis: Asia - May 26, 2017

By: XE Market Analysis

The dollar firmed up in N.Y. trade on Friday, aided by an upgraded U.S. Q1 GDP revision, and subsequent short covering into the long Memorial Day weekend . EUR-USD gave up the 1.1200 handle early on, dropping to 1.1160 before turning sideways near 1.1175. Read more

XE Market Analysis: British Pound Slides on Latest Election Poll

By: xemarketanalysis

OVERVIEW Japanese consumer prices rose just 0.4% annualized last month, underscoring the challenges the Bank of Japan still faces. U.S. Q1 GDP was revised up slightly more than expected to 1.2%, annualized from 0.7% that was initially estimated. U.S. Read more

XE Market Analysis: North America - May 26, 2017

By: XE Market Analysis

The dollar has traded mostly softer so far today, losing most ground to an outperforming yen, while managing gains versus an underperforming pound. USD-JPY saw a low of 110.89 after a 50-odd-pip tumble since the London open, extending declines from Wednesday's nine-day peak at 112.12. Read more

XE Market Analysis: Europe - May 26, 2017

By: XE Market Analysis

USD-JPY and yen crosses traded lower as the Japanese currency outperformed amid a mostly risk-off backdrop in the Asia-Pacific region today. This was sparked by a hefty drop in oil prices after OPEC and allies delivered the well anticipated nine-month extension to the prevailing volume reduction in supply. Read more

XE Market Analysis: Asia - May 25, 2017

By: XE Market Analysis

The dollar ended the N.Y. session not far from where it started, with major pairings largely holding inside of narrow ranges. Mixed data including slightly lower jobless claims and a slightly wider advance trade deficit has little market impact. Wall Street rallied, though the plunge in oil prices after OPEC extended output production capped gains there. Read more

XE Market Analysis: Sterling Slumps as UK Growth Revised Down for Q1

By: xemarketanalysis

OVERVIEW Pound slides across the board as UK Q1 GDP is revised lower. FOMC minutes show current approach appropriate, and futures still show a 100% chance of a rate hike in June. The Euro is solid against majors, and momentum from 'no taper' comments remains. South African Reserve Bank leaves interest rates unchanged at 7%. HIGHLIGHT The Pound has slumped today as the Q1 growth number for the UK was revised down to 0.2%, making the annual growth rate 2.0%. Read more

Positive trend in new and existing home sales remains intact

By: New_Deal_democrat

Now that we have both new and existing home sales as well as last week's housing permits and starts, a clearer picture of the state of the market appears. This month's new home sales report assumed added importance in the context of interest rates having risen from last summer's lows, and permits and starts backing off their recent highs. Read more

XE Market Analysis: North America - May 25, 2017

By: XE Market Analysis

The dollar found its feet after posting fresh post-FOMC minutes lows during the early part of European trading. USD-JPY rose to the 111.90 area, up from the post-FOMC minutes low at 111.48. EUR-USD logged a two-session high at 1.1250 during the London AM session before ebbing into the low 1.12s. Read more

XE Market Analysis: Europe - May 25, 2017

By: XE Market Analysis

The dollar has been trading softer since the minutes to the recent FOMC meeting were releases, showing that Fed to be of a cautious mind-set, that it would be prudent to wait for evidence that recent weak data is transitory before raising rates again. Read more

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