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XE Market Analysis: Asia - Apr 24, 2018

By: XE Market Analysis

The dollar had faded some from overnight highs at the N.Y. open on Tueday, spending much of the remainder of the session trending lower. The DXY topped at 91.07, a three-month high, during Asian hours, before touching 90.73 lows in N.Y. Wall Stree took a dive, despite generally strong earnings, with the tech sector pacing losses. Read more

Housing: the Millennial tailwind buffeted by incresing interest rate and pricing headwinds

By: New_Deal_democrat

This morning's new home sales report showed a continued positive trend in housing, but with some underlying deterioration. It remains buoyed by the demographic tailwind, but contrary interest rate and price headwinds are intensifying. First of all, the absolute number was second only to December's: The less volatile three month average only declined slightly from its peak one month ago. Secondly, the number of new houses sold minus new houses for sale (i.e., not yet sold) tends to peak well in advance of any recession, and that metric also remains positive: [Note: averaged quarterly to cut down noise] BUT, this metric is obviously showing decelerating growth. Read more

XE Market Analysis: North America - Apr 24, 2018

By: XE Market Analysis

The dollar posted fresh highs versus most currencies before most pairings backpedalled to near net unchanged levels. EUR-USD posted a 10-week low at 1.2181 before a bout of broad dollar weakness in the London AM sessions lifted the pair above 1.2215. Read more

XE Market Analysis: Europe - Apr 24, 2018

By: XE Market Analysis

The dollar posted fresh highs against the euro and yen, and many other currencies after a bout of demand in Asia, which extending a broad rally the greenback has been seeing against for over a week now. The narrow trade-weighted USD index (DXY) posted its highest level since the first week of January, at 91.07. Read more

XE Market Analysis: Asia - Apr 23, 2018

By: XE Market Analysis

The DXY peaked at 90.92 on N.Y. on Monday, with broad dollar strength seen on the eback of higher Treasury yields, decent incoming U.S. data, and the easing of trade and geopolitical tensions. The dollar index advanced to its best level since March 2. Read more

XE Market Analysis: US 10-Year Bond Yields Approach 3% as the US Dollar Bounces

By: xemarketanalysis

OVERVIEW FX market this week awaits the much anticipated Q1 GDP data from both the US and the UK. GBP remains under pressure but with weakness in the currency, this has made the interest rate decision for the BoE even harder. USD is enjoying a bounce helped by the rise of the 10-year yield. HIGHLIGHT The yield from the 10-year Treasury bond is notching at the psychological 3% mark. US DOLLAR The US Dollar continues to rise, and the highlight of this week will be on the Q1 GDP data. BRITISH POUND The Pound continues to trade under pressure as GBP/USD drops below the psychological 1.40 level, and with the outlook for an interest rate hike at 50/50, this volatility is set to continue. EURO The Euro composite PMI held steady in April at the 14-month low seen in March at 55.2, which was marginally better than expectations. CANADIAN DOLLAR The Canadian Dollar remains on the back foot helped by comments by the Bank of Canada chief that he was comfortable with inflation remaining above 2% throughout 2018. AUSTRALIAN DOLLAR The Australian Dollar dropped 1.3% last week, its biggest weekly fall since mid-March as the market awaits the Australian CPI. FEATURED CURRENCY The Japanese Yen weakened to its lowest level in two months against the US Dollar as Bank of Japan's Governor Kuroda confirmed that Japan is going to stick with their very accommodative policy. Read more

XE Market Analysis: North America - Apr 23, 2018

By: XE Market Analysis

The dollar rallied during the London morning session, was showing a 0.4% gain on the euro, a 0.3% advance versus the yen and Swiss franc, and 0.4% gains versus both the Australian and New Zealand dollars, as of the late AM. The greenback has firmed versus the sterling and Canadian dollar, albeit by a relatively more modest extents. Read more

XE Market Analysis: Europe - Apr 23, 2018

By: XE Market Analysis

The dollar has maintained a steady-to-firmer bias in early-week trading, making fresh highs versus the yen, although holding below respective Friday highs against the euro and other currencies. EUR-USD drifted moderately lower from Friday's closing levels, making a 1.2265 low before steadying, leaving Friday's 17-day low at 1.2229 unchallenged. Read more

Key Currency Pairs: the Pound/Dollar and the Canadian Dollar/Dollar

By: HaleStewart

           Due to high inflationary pressures, currency traders had assumed that the Bank of England would be raising rates this year.  BOE governor Carney threw cold water on that assumption during an interview with the BBC: Read more

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