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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

XE Market Analysis: Europe - May 23, 2016

By: XE Market Analysis

The yen has traded moderately firmer today, showing about a 0.25% gain versus both the dollar and euro as London interbank people take to their desks. Lower stock markets across the Asia region, as investors continue to face prospects for a Fed rate hike as soon as the June 15th-16th FOMC, have underpinned the yen via the usual inverse correlative pattern. Read more

International Economic Week in Review: Three Central Banks Release Minutes

By: HaleStewart

This week, three central banks released meeting minutes. The ECB reported on a fairly positive internal environment, while, for the first time in recent memory, the RBA focused on inflation. The Fed strongly hinted at a June rate hike. The remainder of the news was mostly positive. For the first time in recent memory, Japanese economic news was positive. Read more

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