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XE Market Analysis: UK Retail Sales Boom

By: xemarketanalysis

OVERVIEW Sterling stronger today following better than expected retail sales. The Bank of Japan's minutes stated that the country's economic recovery is continuing at a moderate pace. Eurozone current account surplus fell to its lowest level in 15 months. New Zealand leaves rates on hold at 1.75%. HIGHLIGHT Retail sales in the UK surged in February by 1.4% bringing the annual rise in volumes to a robust 3.7%, year-over-year. US DOLLAR The US Dollar is sidelined at the moment as markets wait for Congress to vote on the American Health Care Act. Read more

XE Market Analysis: North America - Mar 23, 2017

By: XE Market Analysis

The dollar has found a toehold but still retains a heavy tone into the key vote on healthcare in the U.S. House later today. USD-JPY has recouped above 111.00 after logging a four-month low at 110.73 yesterday, though met decent sellers above 111.50 during the Tokyo session, and had again dipped back under here as of the late London AM. Read more

XE Market Analysis: Europe - Mar 23, 2017

By: XE Market Analysis

The dollar has found a toehold but still retains a heavy tone into the key vote on healthcare in the U.S. House later today. USD-JPY has recouped above 111.00 after logging a four-month low at 110.73 yesterday, though met decent sellers above 111.50 during the Tokyo session. Read more

XE Market Analysis: Asia - Mar 22, 2017

By: XE Market Analysis

The dollar was lower again in N.Y. on Wednesday, with risk-off again in play. EUR-USD rallied to one-month highs of 1.0824, and USD-JPY to four-month lows of 110.75. Cable printed the 1.25 handle for the first time in a month, though pulled back some following the terrorist attack in London. Read more

XE Market Analysis: Global Risk Appetite Slumps

By: xemarketanalysis

OVERVIEW Investors’ risk aversion drives safe haven buying. The US Dollar is trading at a four-month low against the Yen as major indices and treasury yields plummet. US House Price Index is reported flat against an expected increase of 0.4%. BOJ deputy governor Iwata says, "a continuously falling Yen is not a benefit to the economy". HIGHLIGHT Global risk aversion grips markets as the Dollar is sold on concerns over the FBI investigation into links between President Trump's campaign and Russia will delay or worse - stop plans of major fiscal stimulus in the US. US DOLLAR The US Dollar is weaker today as risk-off trade takes over global markets. Read more

XE Market Analysis: North America - Mar 22, 2017

By: XE Market Analysis

The dollar made fresh lows versus the yen, which continued to outperform amid a risk aversion coursed its way from Wall Street, which had its worse day since last October yesterday, through Asia and into the European AM session. The greenback trade more mixed against other currencies, gaining versus the dollar bloc as commodity prices fell, and recovering some lost ground versus the euro and the pound. Read more

XE Market Analysis: Europe - Mar 22, 2017

By: XE Market Analysis

The dollar has remained under the cosh amid investor concerns that the Trump administration is getting bogged down, delaying the implementation of hoped-for reflation policies. Falling Treasury yield yields have been a driver, which have also been a kicker for financial stocks, exacerbating stock market woes in the latest phase. Read more

XE Market Analysis: Asia - Mar 21, 2017

By: XE Market Analysis

The dollar was broadly lower through the N.Y. session on Tuesday, leaving the DXY at six-week lows of 99.68. Risk-off conditions weighed generally, though for EUR-USD, talk from council members of the ECB moving to a neutral from easing bias supported the euro, taking the pairing to 1.0819 highs. Read more

Current U.S. Economic Indicators All Point to Moderate Growth

By: HaleStewart

The chart above graphs the 4 coincident economic indicators used by the Conference Board. The graph uses a base 100 methodology, using the end of the last recession as "100." Industrial production (green) is the weakest indicator. But the decline in oil production is the primary reason for the decline. Read more

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