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XE Market Analysis: Dollar Recovers Slightly as Government Shutdown Looms

By: xemarketanalysis

OVERVIEW UK retail sales disappoint. US consumer confidence weakens for a 3rd straight month. Canadian manufacturing sales post the biggest increase in 2.5 years. Fears over US government shutdown drive risk aversion. HIGHLIGHT UK retail sales fell sharply last month as consumers continued to be squeezed by real wage declines. Read more

XE Market Analysis: North America - Jan 19, 2018

By: XE Market Analysis

The USD index (DXY) has tracked lower despite new U.S. yield lows, with the narrow trade-weighted index down 0.3% at 90.20, bringing Wednesday's 37-month low to within 6 ticks. Yield gains across the globe, coupled with a burgeoning global risk-on sentiment and an associated investor hunt for higher-beta assets, along with concerns that the stopgap funding bill in the U.S. Read more

XE Market Analysis: Europe - Jan 19, 2018

By: XE Market Analysis

The dollar has traded softer on U.S. political concerns, though has remained above recent trend lows versus the yen, euro and most other currencies. The narrow trade-weighted USD index (DXY) is down 0.2%, making a low at 90.33 and swinging the 37-month low of Wednesday at 90.14 back into scope. Read more

XE Market Analysis: Europe - Jan 18, 2018

By: XE Market Analysis

The dollar edged out fresh recovery highs versus the euro and other currencies. EUR-USD logged a four-session low of 1.2165 before recouping to around 1.2200. The move reflected a dollar dynamic, with EUR-JPY and other euro crosses having held relatively steady today, even though the airing of concerns about the common currency's ascent by some ECB officials, along with concerns on the German political front, helped catalysed the correction from 37-month highs in EUR-USD. Read more

XE Market Analysis: Loonie Volatile as Bank of Canada Announces Rate Hike

By: xemarketanalysis

OVERVIEW EUR weaker after ECB policymaker’s comments and inflation. GBP hit a fresh high overnight. USD soft despite strong industrial production and housing data. Bitcoin slump continues, and its value is now half of its peak last month. HIGHLIGHT The Canadian Dollar saw some wild swings as the Bank of Canada announced it was raising rates as expected to 1.25%. Read more

Industrial production, retail sales complete strong quarter

By: New_Deal_democrat

By now I'm sure you've read elsewhere that industrial production rose strongly in December. That's certainly true, and to put it in perspective, here is the overall number (red) together with manufacturing (blue) and mining (including oil and gas) ( green): All of these numbers have risen strongly since the bottom of the "shallow industrial recession" that ended in early 2016 when the decline in the price of oil and gas stopped. Here's a look at the same data YoY: Apropos of a post I wrote last week, while this is pretty good, it still does not compare with the strong growth of industrial production during the booms of the laste 1960s and 1990s: Although we don't have the final number for personal income in December, industrial production joins employment and retail sales in having a strong 4th quarter. Read more

XE Market Analysis: North America - Jan 17, 2018

By: XE Market Analysis

The USD index (DXY) has lifted out a of a fresh low that was seen early in the Asia-Pacific session at 90.14. That is the lowest level seen since December 2014, and was the culmination of a 13.2 decline from the high seen in January 2017. The low also marks about a 55% retracement of a rally seen from 2013-14 through to last January, illustrating the corrective aspect of dollar declines over the last year. Read more

XE Market Analysis: Europe - Jan 17, 2018

By: XE Market Analysis

The dollar staged a bounce after posting fresh lows versus the yen, euro, and a number of other currencies during the early part of the Tokyo session. USD-JPY posted a new four-month low at 110.19, completing a run of seven consecutive down sessions, before recouping to the upper 110.0s. Read more

XE Market Analysis: Asia - Jan 16, 2018

By: XE Market Analysis

The dollar was relatively steady in N.Y. trade on Tuesday, seeing the DXY crawl up to 90.82 highs, before pulling back to 90.57 lows. A softer headline Empire State index outcome had little impact. EUR-USD bottomed at 1.2196 early in the session, before topping at 1.2248. Read more

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