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Weekly Indicators: negative noise (?) from tax withholding edition

By: New_Deal_democrat

Monthly data for January included a big jump in the Index of Leading Indicators, fed in part by positive housing starts and permits. Both producer and consumer prices also jumped higher, which means that even though retail sales were positive, real retail sales were slightly negative. Read more

XE Market Analysis: UK Consumer Stops Buying

By: xemarketanalysis

OVERVIEW The Pound is sharply lower across the board after UK retail sales slow rapidly in January. The US Dollar is stable yet vulnerable after Donald Trump's hour long press conference yesterday. Marine Le Pen gathers momentum as latest opinion poll shows a sharp rise to 40% in round two. Read more

XE Market Analysis: North America - Feb 17, 2017

By: XE Market Analysis

The dollar picked up modest ground in N.Y. morning trade on Friday, though as was the case in London, USD-JPY did not participate in the rally. That pairing remained capped by the 113.00 level, posting 112.62 lows early in the session. EUR-USD eased under 1.0620 at the London close, while USD-CAD topped 1.3125 after trading over its 20-day moving average of 1.0599. Read more

XE Market Analysis: Europe - Feb 17, 2017

By: XE Market Analysis

The dollar has consolidated losses, with major pairings showing less than a net 0.2% chance since the New York close yesterday as London interbank traders take to their desks. USD-JPY has settled in the mid 113s after logging a low of 113.07 in the New York PM session yesterday, which completed a near two-big figure drop from Wednesday's peak. Read more

XE Market Analysis: Asia - Feb 16, 2017

By: XE Market Analysis

Position squaring again weighed on the dollar in N.Y. Trade on Thursday, leaving EUR-USD at one-week highs of 1.0679, and USD-JPY at one-week lows of 113.13. Incoming U.S. Data was decent, with jobless claims lower than forecast, and the Philly Fed index much higher than expected. Read more

XE Market Analysis: North America - Feb 16, 2017

By: XE Market Analysis

The softer dollar theme continued. EUR-USD extended to a two-week peak of 1.0641, and USD-JPY declined to a two-day low of 113.55. The dollar also posted losses versus sterling, and the dollar-bloc currencies. There have been little in the way fresh leads, with the calendars in both Asia and Europe thin.[EUR, USD]EUR-USD extended to a two-week peak of 1.0641 as the dollar continued to unwind recent gains. Read more

XE Market Analysis: Europe - Feb 16, 2017

By: XE Market Analysis

The dollar has remained on a back foot, marginally extending the correction from post-U.S. data highs of yesterday. USD-JPY has fallen back under 114.00, logging a low of 113.76 in Tokyo trade today. The move comes after the pair topped out at near three-week highs of 114.95 in the aftermath of yesterday's hotter U.S. Read more

XE Market Analysis: Dollar Strengthens as Inflation Jumps

By: xemarketanalysis

OVERVIEW Fed Chair, Janet Yellen, signaled yesterday that the central bank could raise rates at its next meeting as all meetings are “live”, leaving an optimistic note on the economy in testimony to Congress. BoJ Governor, Kuroda, said he now has plans to raise the central bank’s bond yield targets, despite global yields rising as inflation “remains distant from our 2% target”. South African inflation slowed more than expected in January with CPI rising 6.6% year-on-year, down from 6.8% in December. HIGHLIGHT The US Dollar index has risen after U.S. Read more

XE Market Analysis: North America - Feb 15, 2017

By: XE Market Analysis

The dollar remain underpinned in the wake of Yellen's Senate testimony. EUR-USD forayed into new one-month low territory under 1.0550, and USD-JPY lifted to 16-day highs above 114.50. Cable got a helping push from an unexpected deceleration in UK wage data, which offset a dubiously large claimant count fall. Read more

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