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International Economic Week in Review: England May Have an Inflation Problem

By: HaleStewart

In general, the good news continues. The EU economy has now been reporting positive news for over a year. Japanese and Australian indicators also paint a positive picture. The UK, however, may have problem. CPI was 3.1%, which the BOE attributed to a weak sterling. Read more

US Economic Week in Review:The Coincident Indicators Point Towards Continued Modest Expansion

By: HaleStewart

This week, two coincident indicators were released: industrial production was up .2% M/M while retail sales expanded a surprisingly strong .8% M/M. When these readings are combined with the other major coincident indicators (establishment job growth and real income less transfer payments) a positive picture of the US economy is revealed. Retail sales are on a tear: Total retail sales (top chart, left) and retail sales ex-autos (lower left-hand chart) are both in the middle of 5-year uptrends. Read more

Weekly Indicators: a whirlpool of crosscurrents in the long range forecast edition

By: New_Deal_democrat

November data was all positive, including retail sales, industrial production, capacity utilization, and the JOLTS report. Both producer and consumer prices came in a little "hot." October business sales increased and inventories decreased, meaning a decline in the inventory to sales ratio to a 3 year low. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Asia - Dec 15, 2017

By: XE Market Analysis

The dollar headed broadly higher in N.Y. trade on Friday, largely buoyed by improved hopes that the U.S. congress would agree on a tax reform bill. Incoming data had little impact, as the Empire State index missed the mark a bit, while industrial production was as-expected. Read more

XE Market Analysis: North America - Dec 15, 2017

By: XE Market Analysis

The dollar has been trading mostly softer amid uncertainties about the tax reform bills prospects after Republican Senator Marco Rubio threated to vote against the bill, joining his GOP colleague, Mike Lee, in demanding that a child tax credit for working families is expanded. Read more

XE Market Analysis: Europe - Dec 15, 2017

By: XE Market Analysis

The dollar has been traded mixed, posting fresh losses versus the yen and the Australian, New Zealand and Canadian dollar, consolidating gains it saw yesterday versus the euro, in the wake of the ECB's announcement and guidance, and holding steady-to-firmer against a raft of emerging-world currencies. Read more

XE Market Analysis: Asia - Dec 14, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Thursday, buoyed early by solid U.S. retail sales figures, and a dovish ECB presser. EUR-USD topped at 1.1862 early, before fading to 1.1772 lows. USD-JPY held over 112.50 until Wall Street faltered, then dipped to 112.09 lows. Read more

XE Market Analysis: North America - Dec 14, 2017

By: XE Market Analysis

The dollar recovered some of the ground it lost following the U.S. CPI miss and in the wake of the Fed's post-policy meeting statement yesterday. EUR-USD has ebbed into the lower 1.18s. USD-JPY clocked a rebound high of 1.1288 after logging a logging a five-session low of 1.1246 in Tokyo trade. Read more

XE Market Analysis: Europe - Dec 14, 2017

By: XE Market Analysis

The USD index (DXY) fell 0.8% over the last day in logging a eight-day low of 93.34 during Asian trading today. The index has since settled around 92.45. The losses follow yesterday's cooler than expected CPI data out of the U.S. ,which was followed by an as-expected 25 bp rate hike from the Fed, while retaining the outlook for three tightenings in 2018 in its dot-plot, rather than four, which had been speculated on by markets. Read more

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