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XE Market Analysis: Europe - May 28, 2018

By: XE Market Analysis

The euro has firmed up on news that Italian populist parties have dropped there bid to form a government due to the president's block on the nomination of a Eurosceptic finance minister. EUR-USD lifted to a high of 1.1728, recouping to near last Thursday's highs after subsequently posting a six-and-a-half-month low at 1.1645. Read more

Weekly Indicators: interest rates improve edition

By: New_Deal_democrat

April data included new and existing home sales, both down; durable goods, down; core durable goods up; and the University of Michigan consumer sentiment index, down. My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. Read more

XE Market Analysis: Asia - May 25, 2018

By: XE Market Analysis

The dollar firmed up into the long U.S. weekend, with the narrow trade-weighted USD index (DXY) up by 0.5% heading into the London fix. The index logged a six-month peak at 94.25, which is the summit of a six-week run higher. EUR-USD posted a six-month low at 1.1646, and the dollar has seen new trend highs versus other currencies, although is near net flat in the case of the yen. Read more

XE Market Analysis: The Greenback Searching for TLC After Break-up Letter

By: xemarketanalysis

OVERVIEW The Greenback is steady after its four-week rally came to a halt yesterday. EM currencies remain under pressure with the Turkish Lira and the South African Rand down 0.6% on the day. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT Oil dropped below the $70 mark for a barrel after reports emerged that Saudi Arabia and OPEC partners are considering to increase supplies later this year. Read more

XE Market Analysis: North America - May 25, 2018

By: XE Market Analysis

The dollar has been trading mixed so far today, sitting at near net unchanged levels versus the euro, firmer against the yen, the pound, and the Canadian dollar -- the latter of which was weighed on by accelerating declines in oil prices -- but moderately softer against the Australian dollar. Read more

XE Market Analysis: Europe - May 25, 2018

By: XE Market Analysis

The dollar has returned to form, nudging higher versus the euro and yen, and most other currencies. EUR-USD is pressing on 1.1700 as the London interbank gets up an running, putting Wednesday's six-month low at 1.1675 back in the crosshairs. The Fed remains on a tightening track while the sentiment towards the Eurozone is being marred by Italy. Read more

XE Market Analysis: Asia - May 24, 2018

By: XE Market Analysis

Firmer jobless claims, and softer existing home sales, and the U.S. pullout of the summit with North Korea combined to dent USD sentiment in N.Y. trade on Thursday. USD-JPY was impacted the most on the NK story, falling back to lows of 108.96 from highs over 109.70. Read more

April 2018 housing summary

By: New_Deal_democrat

Let's take a look at the very leading housing market, now that we have all of the major reports for April. To recap, the single most leading and least volatile housing report is single family permits. This last made an expansion high two months ago in February: but there has been no break in the underlying rising trend. So this is very potent evidence just by itself that the economy should continue to progress over the next 12 months. That being said, interest rates tend to lead permits by 6 to 9 months. Read more

XE Market Analysis: North America - May 24, 2018

By: XE Market Analysis

The dollar has traded mostly softer, correcting a little after posting trend highs versus the euro and other currencies yesterday. Yesterday's FOMC minutes from the early May meeting took the upside fizz out of the dollar. The narrow trade-weighted USD index (DXY) is showing a 0.3% decline, at 93.75, down from yesterday's five-month high at 94.19. Read more

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