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Money and financial long leading indicators update

By: New_Deal_democrat

The basic financial indicators of money, credit, and interest rates tend to be the longest leading indicators, as they set the basic backdrop for business and consumer borrowing in order to spend. Think of money supply as the production of money, interest rates as its price, and credit conditions as its throttle. Read more

XE Market Analysis: North America - Apr 26, 2017

By: XE Market Analysis

The yen rebounded from fresh lows as the "Macron-trade" paused. USD-JPY was back to near net unchanged at 111.16 bid as of the late London AM session, having earlier clocked a 16-day peak at 111.63. EUR-JPY ebbed to around 121.20 after earlier trading in six-week high territory near 122.00. Read more

XE Market Analysis: Europe - Apr 26, 2017

By: XE Market Analysis

EUR-JPY continued as the dominant mover in forex markets today. Expectations for U.S. tax cuts and the perceived passing of political existential risk in the Eurozone have continued to feed a global stock market rally, a backdrop which is keeping the yen under pressure. Read more

XE Market Analysis: Asia - Apr 25, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Tuesday, leaving EUR-USD at four-plus month highs of 1.0949, and USD-JPY at two-plus week highs of 111.10. USD-CAD surged to 14-month top of 1.3626, while cable gravitated to 1.2845 highs. The euro was supported by the French election result, and reports the ECB may shift its policy stance at mid-year. Read more

XE Market Analysis: Markets Less Worried about Le Pen Risk

By: xemarketanalysis

OVERVIEW Markets remain positive following yesterday's impressive gains as investors turn their attention to Trump's tax plans. UK government borrowing came in slightly higher than forecast for March. US Commerce Secretary Willbur Ross announced import duties on Canadian softwood lumber. Expectations of UK consumer inflation over the coming year remained steady at 2.5% in April. HIGHLIGHT The cost of protecting against swings in the Euro versus the US Dollar was almost halved following Sunday's first round outcome of France’s presidential election. Read more

XE Market Analysis: North America - Apr 25, 2017

By: XE Market Analysis

The euro remained buoyant, led by EUR-JPY gains, as markets continued to discount that France will end up with a pro-EU president at the runoff elections on May 7. EUR-USD lifted above 1.0890, drawing back yesterday's post-French election high at 1.0906. Read more

XE Market Analysis: Europe - Apr 25, 2017

By: XE Market Analysis

The euro and other currencies settled today after the euro rally of yesterday. USD-JPY and EUR-JPY remained below the highs clocked in the initial minutes of trade yesterday. USD-JPY lifted from the mid 109s and established a narrow range in the lower 110s, holding below the two-week high of yesterday at 110.63 but well up on Friday's pre-French election closing level at 109.05. Read more

XE Market Analysis: Asia - Apr 24, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Monday, posting gains versus the euro, pound and CAD, while losing ground to the yen, despite the risk-on backdrop. EUR-USD topped at 1.0873 in morning dealings, before putting in a floor at 1.0835. USD-JPY meanwhile, held the 110 handle through most of the session, before dipping to 109.70 lows into the close. Read more

XE Market Analysis: Euro Hits a 2017 High

By: xemarketanalysis

OVERVIEW Equity markets are significantly higher and France's cost of borrowing has fallen sharply after the first round of France's presidential election turned out to be in line with opinion polls. The German central bank is expecting growth to have accelerated in the first quarter as strong industrial orders, increased private consumption, and a rebound in exports all supported growth. The German IFO business climate index rose to 112.9 for April, the highest level since July 2011. Canadian wholesale trade dipped just 0.2% in February, beating expectations for a 1% decline after surging 3% in January. The Confederation of British Industry reported that factories saw their strongest export orders in 6 years in early 2017 that was helped by the Sterling's fall. HIGHLIGHT The first round of the French elections saw the centrist Emmanuel Macron, and the far-right’s Marine Le Pen, go through in first and second place respectively. Read more

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