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XE Market Analysis: Asia - Oct 27, 2016

By: XE Market Analysis

The dollar was on a firmer footing through the N.Y. session on Thursday, resulting in USD-JPY climbing to three-month highs, USD-CAD to a seven-month top. EUR-USD faded, though remained above lows of the week. Cable meanwhile, eased into 1.2150, despite the better U.K. Read more

More mixed signals in the housing market

By: New_Deal_democrat

The picture of the housing market go a little bit less murky this week, and a little bit brighter. First of all, new home sales, while down from the July peak, continued with the upward trend. Thhis is best shwon by comparing the more noisy monthly data (blue) with the quarterly average (red): The quarter over quarter trend has been relentlessly positive this year. Read more

XE Market Analysis: UK Post Brexit Economy Resilient in Q3

By: xemarketanalysis

OVERVIEW Sterling jumps from below 1.21 on Tuesday to testing towards 1.23 helped by the strong Q3 GDP reading. The Mexican Peso weakens as Trump starts to edge ahead in the polls, especially in Florida. The trade deficit in the US grows as the US Dollar’s strength bites into its competitiveness. HIGHLIGHT Q3 GDP data demonstrated the resilience of the UK economy post Brexit by growing by 0.5%. Read more

XE Market Analysis: Europe - Oct 27, 2016

By: XE Market Analysis

EUR-USD oscillated around 1.0900 and USD-JPY around 104.50 in mostly eventful forex trading ahead of the London open. USD-JPY has run out of puff after logging a three-month peak at 104.87 on Tuesday. EUR-JPY and other yen crosses have seen a similar price action. Read more

XE Market Analysis: North America - Oct 27, 2016

By: XE Market Analysis

The dollar majors remained directionally uneventful into the North American open. EUR-USD settled to an oscillation around 1.0900, below yesterday's one-week high at 1.0946. The pair has now made three successive higher closing levels on the daily chart, which along with a tallying decline in downside momentum indicators suggest a base has been established after a three-week bear phase. Read more

XE Market Analysis: Asia - Oct 26, 2016

By: XE Market Analysis

The dollar pulled back some in morning N.Y. trade on Wednesday, as profit taking continued following Tuesday's nine-month top in the DXY. Incoming U.S. data was supportive of the greenback however, with trade and inventory data implying a stronger Q3 GDP reading. Read more

XE Market Analysis: The Aussie Shows Kangaroo-like Qualities

By: xemarketanalysis

OVERVIEW Sterling took a pounding yesterday from 1.2240 to 1.2080 as higher US house prices helped strengthen the US dollar while domestic politics in the UK weakened Sterling. The Canadian Dollar continues to weaken gradually to 1.3350 against the US Dollar despite a gradual strengthening in oil prices. The Swiss Franc had a sudden move yesterday as the SNB started to step up its rhetoric with regards to the strength of the Swiss Franc. The range in EUR/USD remains in place between 1.08-1.13, which has contained volatility over the last 3 months. HIGHLIGHT The Australian Dollar bounced on the back of higher than expected inflation data which grew by 0.7% against forecasts of 0.5%. US DOLLAR The strong US Dollar is having a knock-on effect for foreign investors’ appetite for bonds. Read more

XE Market Analysis: North America - Oct 26, 2016

By: XE Market Analysis

The dollar traded on softer footing, principally against the euro and the Australian dollar. EUR-USD popped above yesterday's 1.0905 high, building on the rebound from the 1.0851 low, which was the lowest level seen since March. The high so far is 1.0933, which is the loftiest level seen since last Thursday's post-policy meeting ECB press conference. Read more

XE Market Analysis: Europe - Oct 26, 2016

By: XE Market Analysis

Most dollar majors are trading near net unchanged as the London interbank enters the fray. EUR-USD has seen less than a 20 pip range in the upper 1.08s after failing to sustain yesterday's brief gains above 1.0900 nor earlier losses that left a seven-month low at 1.0851. Read more


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