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XE Market Analysis: Europe - May 26, 2016

By: XE Market Analysis

The dollar is trading softer, with EUR-USD rising to the upper 1.11s and USD-JPY ebbing back to the mid-109s, failing to sustain gains above 110.0 yesterday. EUR-JPY also dipped in Tokyo trade, while there is some impetus for the dollar to correct ahead of Fed chair Yellen's speech on Friday, which will be a key determiner for markets with regard to Fed tightening expectations. Read more

XE Market Analysis: Asia - May 25, 2016

By: XE Market Analysis

The dollar faded modestly through the N.Y. session, taking a pause from gains seen since the release of the FOMC minutes a week ago. EUR-USD touched two-plus month lows of 1.1129 before recovering to 1.1168 highs, as USD-JPY topped at 110.46 ahead of easing to 110.07 lows. Read more

XE Market Analysis: North America - May 25, 2016

By: XE Market Analysis

The dollar traded mixed, gaining versus the yen, holding steady versus the euro, and losing ground to the Australian and New Zealand dollars. USD-JPY and EUR-JPY logged two-day highs, at 110.28 and 122.91 respectively. The Yomiuri reported that PM Abe will soon announce a delay in the planned sales tax rise, which is set for April next year. Read more

XE Market Analysis: Europe - May 25, 2016

By: XE Market Analysis

The dollar traded mixed in pre-London trade in Asia, gaining versus the yen and sterling, holding steady versus the euro, and losing ground to the Australian and New Zealand dollars. USD-JPY and EUR-JPY logged two-day highs, at 110.19 and 122.80 respectively. Read more

XE Market Analysis: Asia - May 24, 2016

By: XE Market Analysis

Solid U.S. new home sales data lifted June Fed rate hike expectations, and the dollar with them. EUR-USD fell to two-month lows of 1.1140, as USD-JPY reclaimed the 110.00 handle. USD-CAD fell briefly under 1.3100 as WTI crude headed up toward $49/bbl before fading some. Read more

XE Market Analysis: North America - May 24, 2016

By: XE Market Analysis

The dollar firmed up today. EUR-USD has ebbed under Thursday's eight-week low is at 1.1180, affirming the nascent bear trend and making this the third consecutive week that the previous week's low has been breached. USD-JPY rose back above 109.50, although EUR-JPY traded heavily. Read more

XE Market Analysis: Asia - May 23, 2016

By: XE Market Analysis

FX trade was relatively uneventful in N.Y. trade on Monday, with EUR-USD ranging between 1.1188 and 1.1224, holding above seven week lows of 1.1180. USD-JPY was the dollar's weak link, as it fell to 109.12 from over 109.55 on the back of sagging risk taking levels and uncertainty over futures BoJ policy moves. Read more

The Next Recession

By: New_Deal_democrat

No, I"m not calling for it yet. In fact the risk of recession at least through the end of this year appears to be fading fast. But inevitably, the next one is out there. And as we are past mid-cycle in this expansion, the shadowy outlines of that recession are in my opinion beginning to take shape. Read more

XE Market Analysis: North America - May 23, 2016

By: XE Market Analysis

EUR-USD has continued to ply a narrow range just north of 1.1200, steadying after posting fairly steep losses last week (which completed a run of three consecutive weekly losses). Lower Bund yields following sub-forecast PMI data out of the Eurozone cast little impact. Read more

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