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XE Market Analysis: Europe - May 05, 2016

By: XE Market Analysis

The G3 currencies consolidated and the Aussie rallied following a batch of forecast-beating data out of Australia. USD-JPY oscillated around 107.00 in subdued trading Asia with Tokyo markets still closed (reopening tomorrow). Yesterday's rebound peak at 107.45 has been left unchallenged, and a period of consolidation seems likely. Read more

XE Market Analysis: Asia - May 04, 2016

By: XE Market Analysis

Aside from the softer ADP jobs report, which missed the mark, incoming U.S. data was upbeat on Wednesday, as services ISM and factory orders improved, the trade deficit narrowed, productivity was less-weak than forecasts, and unit labor costs rose. The dollar reacted negatively to the employment data, though recovered on the back of subsequent releases. Read more

XE Market Analysis: North America - May 04, 2016

By: XE Market Analysis

The dollar extended the rebound gains that took root yesterday. EUR-USD looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1470, down from yesterday's nine-month peak at 1.1616. Read more

XE Market Analysis: Europe - May 04, 2016

By: XE Market Analysis

The dollar rebound, yen correction has persisted today after taking root yesterday. EUR-USD now looks set to break a run of seven higher highs, and has already traded below the previous day's low for the first time in 12 days, making a low so far of 1.1483, down from yesterday's nine-month peak at 1.1616. Read more

XE Market Analysis: Asia - May 03, 2016

By: XE Market Analysis

The dollar broke its losing streak in N.Y. trade on Tuesday, rallying broadly in the face of risk-off conditions. The USD index fell to levels last seen in January 2015 in overnight trade, basing at 91.92, before rallying 1% in N.Y. dealings, an perhaps putting an end to its string of six consecutive daily lower lows. Read more

XE Market Analysis: North America - May 03, 2016

By: XE Market Analysis

EUR-USD settled in the upper-1.15s after logging a nine-month peak at 1.1616. Good selling interest was reported above the figure. The shared currency has, overall, been underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. Read more

XE Market Analysis: Europe - May 03, 2016

By: XE Market Analysis

The dollar has weakened for a seven straight day against the euro, with EUR-USD logging a nine-month peak of 1.1560. The euro has also edged out fresh highs against sterling and the Swiss franc, underpinned by yesterday's upward revision in final Eurozone April manufacturing PMI and last week's solid +0.6% q/q Q1 Eurozone growth data. Read more

XE Market Analysis: Asia - May 02, 2016

By: XE Market Analysis

The dollar was mostly lower again in N.Y. trade on Monday, seeing EUR-USD rally to eight-month highs of 1.1535, and USD-JPY remain mostly under 106.50. Incoming U.S. data was mostly to the softer side, with manufacturing and construction spending ISM missing expectations. Read more

April ISM manufacturing: further potent evidence that industrial recession is ending

By: New_Deal_democrat

As anticipated by the regional Fed manufacturing reports, this morning's ISM manufacturing report for April showed another strong month for new orders, at 55.8, although not quite so strong as last month: This is a pretty good reading for this expansion. Read more

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