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XE Market Analysis: Asia - Apr 27, 2017

By: XE Market Analysis

The dollar was mixed in N.Y. trade on Thursday, posting gains versus the euro and CAD, while losing ground to sterling and the yen. ECB chief gave no hint of tapering, as some in the markets had feared, resulting in EUR-USD's slippage to 1.0853 lows, from a top of 1.0933. Read more

XE Market Analysis: Euro Falls After ECB Meeting

By: xemarketanalysis

OVERVIEW The ECB’s “very accommodative” monetary policy was kept on hold as inflation continues to undershoot its target. The Bank of Japan kept monetary policy unchanged while giving its most optimistic assessment of the economy in almost a decade. Donald Trump’s top economic team unveiled plans for the biggest tax cut in US history. US durable goods order rose 0.7% last month. Spain’s unemployment unexpectedly rose to 18.75% in the first quarter, the first increase in a year. The Confederation of British Industry reported that the April retail sales balance surged unexpectedly to +38, up from +9 in March. HIGHLIGHT The introductory statement from ECB president Mario Draghi, who noted that Eurozone growth is accelerating, initially strengthened the Euro. Read more

XE Market Analysis: North America - Apr 27, 2017

By: XE Market Analysis

EUR-USD has been settled around 1.0900 into the ECB's policy decision today, below yesterday's five-month peak at 1.0950. The unveiling of Trump's tax cut plan had little impact on this pairing, nor on global stock markets, with details about how the cuts will be paid for lacking at this time. Read more

XE Market Analysis: Europe - Apr 27, 2017

By: XE Market Analysis

EUR-JPY continued as the dominant mover in forex markets today. Expectations for U.S. tax cuts and the perceived passing of political existential risk in the Eurozone have continued to feed a global stock market rally, a backdrop which is keeping the yen under pressure. Read more

XE Market Analysis: Trump Targets Loonie

By: xemarketanalysis

Trump's tough talk on trade has caused the Loonie to fall.   Lumber Fire The Loonie has come under fire in the second half of the week after President Trump imposed a new 20% tariff on Canadian softwood lumber.  Read more

XE Market Analysis: Asia - Apr 26, 2017

By: XE Market Analysis

The dollar moved higher in N.Y. trade on Wednesday, ahead of the tax reform announcement, helped early on by positive U.S. tax reform talk and higher stocks. USD-JPY was choppy, though managed near one-month highs of 111.76 as Treasury Secretary Mnuchin called for 15% corporate tax rates, and a 10% tax on repatriated profits. Read more

XE Market Analysis: Loonie Under Pressure

By: xemarketanalysis

OVERVIEW Markets are quiet today with a lack of fresh stimulus. Investors await details, due today, on Trump's major tax reforms. Australian inflation rose 0.5% in the first quarter, driving the annual pace of CPI to 2.1%. HIGHLIGHT The Canadian Dollar hit a 14-month low versus its American counterpart after the US announced tariffs on imports of Canadian softwood lumber products. Read more

Money and financial long leading indicators update

By: New_Deal_democrat

The basic financial indicators of money, credit, and interest rates tend to be the longest leading indicators, as they set the basic backdrop for business and consumer borrowing in order to spend. Think of money supply as the production of money, interest rates as its price, and credit conditions as its throttle. Read more

XE Market Analysis: North America - Apr 26, 2017

By: XE Market Analysis

The yen rebounded from fresh lows as the "Macron-trade" paused. USD-JPY was back to near net unchanged at 111.16 bid as of the late London AM session, having earlier clocked a 16-day peak at 111.63. EUR-JPY ebbed to around 121.20 after earlier trading in six-week high territory near 122.00. Read more

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