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XE Market Analysis: North America - Oct 25, 2016

By: XE Market Analysis

The yen weakened, which lifted USD-JPY and EUR-JPY, and other yen crosses, while EUR-USD saw on a brief bid following forecast-beating German Ifo business expectations survey for October. The Canadian dollar was volatile, rallying sharply before dropping back following remarks by BoC Governor Poloz, who miscommunicated that monetary policy would be on hold before correcting his statement.[EUR, USD]The euro edged out fresh intraday highs against the dollar, euro and Swiss franc, among other currencies. Read more

XE Market Analysis: Europe - Oct 25, 2016

By: XE Market Analysis

USD-JPY edged out a 13-day high of 104.49 in a quiet news day in Asia, building on gains seen yesterday. The pair needs to rally above 104.63, which is the October-12 peak, to extend the rally seen from levels near 100.00 in late September. EUR-JPY, AUD-JPY and other yen crosses are also up today, reflecting broad yen weakness. Read more

XE Market Analysis: Asia - Oct 24, 2016

By: XE Market Analysis

The dollar trended higher in N.Y. trade on Monday, keeping the DXY near its almost nine-month high recorded in London. EUR-USD eased under 1.0875 from highs of 1.0899 into the open, while USD-JPY topped at better than a one-week high over 104.30. USD-CAD ran up to within a hair of the 134.00 mark, while cable ebbed back under 1.2200. Read more

XE Market Analysis: Dollar Stronger on Expected Rate Hike

By: xemarketanalysis

OVERVIEW The US Dollar hit a nine month high against a basket of currencies as markets predict a Clinton win in the upcoming election. The Pound stays out of favor as the BBA said some banks may start moving their operations to Europe before Christmas. Read more

XE Market Analysis: North America - Oct 24, 2016

By: XE Market Analysis

The dollar majors posted narrow ranges, with EUR-USD and USD-JPY trading narrowly in the respective upper 1.08s and upper 103.0s. USD-CAD managed a new trend peak follow dovish sounding BoC-speak over the weekend. The CNY continued to weaken, the PBoC today fixing it at a six-year low at 6.769. Read more

XE Market Analysis: Europe - Oct 24, 2016

By: XE Market Analysis

The dollar opened the week in consolidative mood, holding near recent highs. The euro was also steady after recent underperformance, seen as markets factored in the ECB extending its QE program beyond next March, which is expected to be announced at the December council meeting. Read more

International Economic Week in Review: Is The Long Period of Deflation Over?

By: HaleStewart

After years of discussing the possibility of developed world deflation, inflation might be accelerating, relatively speaking. The latest reading of Chinese producer prices was positive for the first time in three years. Due to China’s position as the world’s manufacturer, this could eventually seep into other developed economies such as the EU and US. Read more

Fed President Fisher Explains Why Rates Are So Low

By: HaleStewart

Recently, Donald Trump accused the Federal Reserve of deliberately keeping rates low for purely political gain. Several other Republican Congressmen and bloggers have made similar allegations. But these pronouncements run counter to empirical data. Read more

US Equity and Economic Review: Expect a Slight Move Lower

By: HaleStewart

This week’s news confirmed that the US economy continues to grow moderately. The Fed’s Beige Book and Conference Boards LEI/CEI release confirmed one another’s general observation the economy is advancing, albeit slowly. The housing market continues to offer positive news while the industrial sector’s weak growth continues. Read more


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