Category: Commodities & Markets News

Commodities and financial market news from external sources.

XE Market Analysis: Europe – Jun 21, 2018

The dollar has traded firmer, with, for instance, USD-JPY edging out a four-session high of 110.75, Cable making a fresh seven-month low of 1.3141, AUD-USD a 13-month low at 0.7329, and USD-CAD posting a new one-year high of 1.3325. EUR-USD has been among the exceptions in so far remaining within its range from yesterday, near… Read more »

NZX set to sell Australian Crop Forecasters, ProFarmer

Agricultural analysis and data subscription platforms ProFarmer Australia and Australian Crop Forecasters are on the market as NZX seeks to sell its remaining grain data assets in Australia. The post NZX set to sell Australian Crop Forecasters, ProFarmer appeared first on Grain Central. Source: Grain Central NZX set to sell Australian Crop Forecasters, ProFarmer

A last look at housing

For the last five years that I have been posting on XE, one of my main focuses has been on “long leading indicators,” that is, economic data which usually turns a year or more before the economy as a whole turns. Perhaps the single one of those I have most often discussed is housing. … Read more »

XE Market Analysis: Asia – Jun 20, 2018

The DXY eased back slightly in N.Y. on Wednesday, as markets overall steadied as trade war fears subsided to a degree. The dollar did find some support from comments from Fed chair Powell, who said the case for gradual rate increases us “strong”. EUR-USD topped at 1.1600 early, before touching 1.1566 lows. USD-JPY ranged between… Read more »

XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

OVERVIEW Euro stable on Draghi comments. Sterling hits 7-month low ahead of parliament Brexit vote. Loonie hits the lowest rate in almost a year against the US Dollar on trade concerns. HIGHLIGHT Source: XE news feed XE Market Analysis: Sterling Struggles Ahead of Brexit Blueprint Vote

XE Market Analysis: North America – Jun 20, 2018

The dollar has traded firmer, for the most part, though directional commitment has been limited. USD-JPY lifted moderately amid steadying in stock markets in Europe and Asia, and rebound gains in U.S. equity index futures. The pair printed a high of 110.25, putting a little distance in from yesterday’s 10-day low at 109.55. A plethora… Read more »

XE Market Analysis: Europe – Jun 20, 2018

A pause in risk-off sentiment has seen stock markets recovery some lost ground in Asia and the yen weaken as markets unwound some of the Japanese currency’s safe haven premium. Dollar bloc currencies have rebounded, with AUD-JPY, a cross that often correlates inversely with pronounced directional swings in global stock markets, has rallied by 0.5%…. Read more »

EU-Australia Free-Trade Agreement negotiations commence

In 2015 Australians joined the Eurovision Song Contest, some say to help us and Europeans understand each other better. This week in Canberra friendliness was further advanced as EU commissioners began Free Trade Agreement negotiations, towards economic, political and strategic alliances between Australia and the EU. The post EU-Australia Free-Trade Agreement negotiations commence appeared first… Read more »

XE Market Analysis: Asia – Jun 19, 2018

The dollar succumbed to a minor round of profit taking after the N.Y. open, taking the DXY from 11-month highs of 95.30, to 95.00 lows. Focus was on trade wars, and following the newest threat to slap more tariffs still on China, Wall Street and yields headed lower. On the data front, new home sales… Read more »

Weekly rainfall wrap + 14 day rain outlook, 20 June 2018

A series of cold fronts produced moderate falls in southeastern Australia, with snow falling in Alpine regions, while a surface trough and cold front generated moderate falls in western and southern Western Australia. The post Weekly rainfall wrap + 14 day rain outlook, 20 June 2018 appeared first on Beef Central. Source: Beef Central Weekly… Read more »

XE Market Analysis: North America – Jun 19, 2018

The yen outperformed and dollar bloc and emerging market currencies underperformed amid global stock market declines after President Trump threatened China with $200 bln of fresh tariffs. A concurrent theme was euro weakness following remarks by ECB policymakers. USD-JPY printed a six-session low of 109.55. The biggest mover has been AUD-JPY, a cross rate which… Read more »

XE Market Analysis: Europe – Jun 19, 2018

The yen has rallied amid a risk averse backdrop, with stock markets in Asia and U.S. equity index futures dropping sharply after President Trump threatened China with $200 bln of fresh tariffs. USD-JPY has so far dropped to a six-session low at 109.63, and the pair is very much amid a downward path just ahead… Read more »

Trade access high priority: ABARES

AUSTRALIA’s $61 billion farm production sector faces challenges at home and in the international marketplace, according to the Australian Bureau of Agricultural and Resource Economics and Sciences’ (ABARES) quarterly report today. A key domestic factor seen by ABARES is the review of the wheat port code and whether limiting monopoly power associated with port terminal… Read more »

XE Market Analysis: Asia – Jun 18, 2018

The dollar traded sideways in N.Y. on Monday, with major dollar pairings holding inside of narrow ranges. There was no data to drive prices, though trade war concerns kept Wall Street under pressure. EUR-USD ranged between 1.1595 and 1.1620, while USD-JPY was stuck between 110.38 and 110.53. USD-CAD printed new trend highs of 1.3237, while… Read more »

XE Market Analysis: Risk Aversion Takes Gold

OVERVIEW Pound weaker ahead of BoE meeting and Brexit concerns. Loonie solid on oil price hike ahead of the OPEC meeting this week. Euro under pressure on interest rate outlook. HIGHLIGHT The Swiss Franc and Japanese Yen have taken a large portion of the buying today as traders continue to worry about the impact of… Read more »

Wheat/barley price prospects on the rise; oilseeds to fall: ABARES

Despite hot, dry conditions across the cropping regions during the first quarter of 2018, particularly in eastern Australia, the value of crop production in 2018–19 is forecast to remain unchanged at $31 billion, according to ABARES’ ‘Agricultural Commodities: June quarter 2018’ report released today. The post Wheat/barley price prospects on the rise; oilseeds to fall:… Read more »

XE Market Analysis: North America – Jun 18, 2018

The dollar traded with little committed direction, overall, although it gained against an underperforming pound, as markets anticipate the BoE MPC meeting this week, and losing some ground to the yen, which was buoyed by burgeoning risk-off vibe in global markets. EUR-USD saw a low of 1.1565 and, subsequently, a 1.1610 high. Both the low… Read more »

XE Market Analysis: Europe – Jun 18, 2018

The dollar majors have posted narrow ranges so far today, heading into the London interbank open. EUR-USD has consolidated in a narrow range, for instance, just above Friday’s three-week low at 1.1543, USD-JPY dipped to a low of 110.30, which is 60 pips below the high that was seen on Friday. The decline reflected moderate… Read more »

US/China trade stoush unsettles US farmers

Friday’s escalation of tough talk on trade tariffs from Washington and Beijing is being met with calls for calm from farm leaders in the US and Australia. The post US/China trade stoush unsettles US farmers appeared first on Grain Central. Source: Grain Central US/China trade stoush unsettles US farmers

Weekly Indicators: swan song edition

(SPECIAL NOTE: This will be the last edition of “Weekly Indicators” to be posted as XE. Beginning next week, Weekly Indicators will be published exclusively at Seeking Alpha. Bookmark this link to begin: https://seekingalpha.com/user/49540393 Source: XE news feed Weekly Indicators: swan song edition

XE Market Analysis: Asia – Jun 15, 2018

Yields fell, stocks fell, as did the dollar in N.Y. on Friday. The announcement of U.S. tariffs on China imports was greeted with China saying it would impose matching tariffs on U.S. goods. Commodities were lower, as those markets began pricing in a full-bore trade war. EUR-USD traded between 1.1582 and 1.1627, while USD-JPY bottomed… Read more »

XE Market Analysis: Euro Crashing Down Like Pieces of Jenga

OVERVIEW DXY Index consolidates near 2018 high. The Euro is recovering after falling in a 200-basis point sinkhole. Canadian Loonie nosedives to its lowest level in 2018 as US tariffs bite. WTI slides again, loses 21 cents, trading near $66.65 barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Euro Crashing Down Like Pieces… Read more »

XE Market Analysis: North America – Jun 15, 2018

The dollar has corrected some of the gains seen yesterday and through today, led by a rebound in EUR-USD and a decline-from-highs in USD-PY, with the former repairing to around 1.1600 from a 16-day low posted earlier at 1.1543 and the latter retreating back under 110.50, leaving a three-week high at 110.90. The narrow trade-weighted… Read more »

XE Market Analysis: Europe – Jun 15, 2018

The dollar has traded broadly firmer so far today, with the ECB’s dovish-tilting guidance yesterday coupled with the BoJ lowering its prognosis on the inflation outlook (following a widely-anticipated decision to leave monetary policy unchanged) serving to emphasize the Fed’s relatively hawkish stance. EUR-USD extended to a fresh 16-day low of 1.1555 in Asia trading…. Read more »

XE Market Analysis: Asia – Jun 14, 2018

The DXY shot up to a near three-week high of 94.77 from 93.21 lows after the ECB announcement, which while naming an end-date for QE, said rates would not be raised until at least the summer of 2019. This saw EUR-USD drop better than 200 points to 1.1591. Strong U.S. retail sales lifted the dollar… Read more »

So Much for Symmetry

Well, after all that talk about how the Fed had taken to heart that 2% inflation was a target and not a ceiling, and that there were symmetric risks on either side, now we know the truth: when it comes to actions, 2% core inflation is a ceiling. Source: XE news feed So Much… Read more »

XE Market Analysis: North America – Jun 14, 2018

The dollar has traded mostly lower, more than correcting gains seen in the wake of the Fed’s rate hike and hawkish-tilting guidance yesterday. EUR-USD logged a high of 1.1827 after extending a recovery from yesterday’s 1.1725 low that was seen in the immediate wake of the Fed’s announcement. Market participants are anticipating the ECB to… Read more »

XE Market Analysis: Europe – Jun 14, 2018

The dollar has more than given back gains seen in the immediate wake of the Fed’s rate hike and hawkish-tilting guidance. EUR-USD recouped back above 1.1800 after dipping to a 1.1725 low, post Fed. The euro has been trading generally firmer over the last day, gaining against the pound, Swiss franc, among other currencies, with… Read more »

XE Market Analysis: Asia – Jun 13, 2018

The DXY topped at seven session highs of 94.01 after the Fed raised interest rates, as-expected. The index had bottomed at 93.55 after the London close. The dollar rallied following the FOMC, taking EUR-USD to lows of 1.1725, from near 1.1790, and USD-JPY to 110.80 from near 110.40. The FOMC statement cited the strong labor… Read more »

XE Market Analysis: North America – Jun 13, 2018

The dollar has been trading mixed so far today as markets anticipate the Fed policy announcement. The euro has posted moderate across-the-board gains, with EUR-USD vaulting back above 1.1760, over 30 pips up on the intraday low, and EUR-JPY pushing back above 130.00, EUR-GBP above 0.8810 and EUR-CHF above 1.1615. A successful Italian auction of… Read more »

XE Market Analysis: Europe – Jun 13, 2018

Most currencies have been directionally dormant so far today, though USD-JPY managed to claw out a fresh three-week high at 110.68. Yen crosses also remained underpinned, though most, such as EUR-JPY and AUD-JPY, for instance, remained below recent highs. Global stock markets have lost upside traction, with risk appetite turning somewhat neutral as market participants… Read more »

XE Market Analysis: Asia – Jun 12, 2018

Markets were relatively quiet in the aftermath of the Trump/Kim summit, and ahead of Wednesday’s likely Fed rate hike. The FX market saw the dollar perk up after the London close, taking the DXY to 93.85 highs from lows of 93.49. EUR-USD slipped to 1.1737 from 1.1801 highs, while USD-JPY topped at 110.44, up from… Read more »

Weekly rainfall wrap + 14 day rain outlook, 13 June 2018

A rainband produced moderate to locally heavy falls in the northwest of Western Australia, while a coastal trough and southeasterly onshore winds generated moderate falls along the east coast of New South Wales and southeastern Queensland. The post Weekly rainfall wrap + 14 day rain outlook, 13 June 2018 appeared first on Sheep Central. Source:… Read more »

XE Market Analysis: Trumps Meets NK On the Block

OVERVIEW DXY Index flat after handshake effect fades away but JPY drops to a 3-week low. Investors nervous as Brexit bill goes to House of Commons. More tweets augur badly for an under-pressure Canadian Loonie. WTI loses 13 cents, moving under $66.00 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Trumps Meets… Read more »

XE Market Analysis: Europe – Jun 12, 2018

The dollar traded moderately firmer heading into the London interbank open, led by a 0.3% gain in USD-JPY, which logged a three-week high just shy of 110.50. Yen crosses also firmed up, reflecting broader softness in the yen as safe haven premiums unwound amid a caution sense of optimism in global markets about the Trump-Kim… Read more »

Farmer confidence slides to five-year low as drought grips

Australian farmer confidence has hit a five-year low as heightened concerns over drought take hold, with grain growers reporting the biggest drop in sentiment as a below-average winter crop is now firmly on the cards. The post Farmer confidence slides to five-year low as drought grips appeared first on Grain Central. Source: Grain Central … Read more »

XE Market Analysis: Euro Gains After Italy Reassures on Currency and Debt

OVERVIEW Markets are in an upbeat mood as Trump and Kim prepare to meet in Singapore. UK data suggests the economy is still struggling for momentum. Big week ahead with Fed and ECB meetings. Canadian Dollar under pressure after G7 row. Turkey’s economy surges in Q1 despite weak currency and surging borrowing costs. HIGHLIGHT … Read more »

XE Market Analysis: North America – Jun 11, 2018

The dollar has traded mixed, and currencies were more generally settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump’s refusing to sign off on the G7 communique. The biggest mover in early trade was a sharp dip in the Canadian dollar. A cautious calm subsequently prevailed, with stock… Read more »

XE Market Analysis: Europe – Jun 11, 2018

Currencies settled after an initial jolt in early Asia-Pacific trading after the weekend dramatics of President Trump’s refusing to sign off on the G7 communique. A cautious calm subsequently prevailed, with stock markets lifting out of lows and the yen unwinding some of its safe haven premium. USD-JPY rebounded toward 110.00 from an early-session wobble… Read more »

Weekly Indicators consitnue to ease edition

May data consisted of a strongly positive ISM services index. April data included a decline in factory orders, but an increase in both wholesale sales and inventory. The April JOLTS report included record high job openings, and an increase in both actual hires and quits.    Source: XE news feed Weekly Indicators consitnue to… Read more »

XE Market Analysis: Asia – Jun 08, 2018

FX trade was quiet in N.Y. to end the week, with the DXY slipping modestly from 93.82 to 93.52 lows. There was little data to drive the FX market, and activity was largely a function of pre-weekend positioning. EUR-USD ranged between 1.1737 and 1.1778, while USD-JPY peaked at 109.60, before bottoming at 109.34. USD-CAD popped… Read more »

XE Market Analysis: Canadian Loonie Enters Turbulence Zone

OVERVIEW Canadian Jobs Data is soft with unemployment rate steady at 5.8%. G7 gets underway with trade tensions served hot. DXY Index up near a two-day high. WTI Oil Futures flat near $66.00 a barrel after touching an 8-week low. HIGHLIGHT Source: XE news feed XE Market Analysis: Canadian Loonie Enters Turbulence Zone

XE Market Analysis: North America – Jun 08, 2018

The dollar has traded mixed, gaining on the euro and underperforming dollar bloc currencies, and to a less extent the pound, while losing ground to the outperforming yen. A risk-off vibe in global markets as markets fret that the weekend’s G7 meeting, which will start later today in Canada, will magnify the prevailing discord over… Read more »

XE Market Analysis: Europe – Jun 08, 2018

The dollar has been trading mixed amid a worsening risk-off tone in global markets, losing ground to the yen while gaining against the euro and dollar bloc currencies. Market participants are wary about the G7 meetings in Canada, which will start later today, and which seems to be mostly seen as a risk event give… Read more »

XE Market Analysis: Asia – Jun 07, 2018

The dollar chopped around inside of relatively narrow ranges in N.Y. on Thursday, seeing the DXY range between 93.47 and 93.25, before settling near 93.40, about where it opened. EUR-USD opened at its highs at 1.1849, before printing 1.1799 lows, and settling over 1.1810. USD-JPY fell to 109.48 from highs near 110.10, as yields slipped,… Read more »

XE Market Analysis: The Rand Hit By Weak Data

OVERVIEW Trump’s tough trade talk ahead of G7 keeps investors cautious as emerging market currencies are under pressure. EUR shrugs off weak German data as the focus remains on ECB and rate expectations. GBP weakens after the UK announces Irish border backstop plans. Turkish Lira jumps after central bank hike rates again. HIGHLIGHT Source:… Read more »

Growers pulling grain from storage as dry conditions continue

An increasing number of growers are accessing their warehoused grain in Viterra’s system to feed livestock as dry conditions continue, the bulk handling company said this week. The post Growers pulling grain from storage as dry conditions continue appeared first on Beef Central. Source: Beef Central Growers pulling grain from storage as dry conditions… Read more »

Gimme more credit: standards tighter for consumers

I wanted to write a little more about the Senior Loan Officers Survey that was released early last month. There are aspects of it that serve as long leading indicators, turning well before the economy as a whole does. Source: XE news feed Gimme more credit: standards tighter for consumers

XE Market Analysis: North America – Jun 07, 2018

The has dollar lost more ground to most currencies, though continued to hold steady against the yen while gaining a little ground on the Australian and Canadian dollars. EUR-USD has extended to a new three-week high of 1.1838, while EUR-JPY has forayed further into two-week terrain. The common currency is registering as the strongest currency… Read more »

XE Market Analysis: Europe – Jun 07, 2018

The dollar has retained a mixed-to-softer bias, posting a fresh two-week low against the euro and remaining under pressure against sterling and the Swiss franc, though managing moderate gains versus the Australian dollar and holding steady versus the yen. Market attention is now falling more fully on the upcoming G7 meeting (which starts in Canada… Read more »

XE Market Analysis: Asia – Jun 06, 2018

A narrowed trade deficit and downward revised Q1 productivity report had little impact on the dollar in N.Y. trade on Wednesday, though after a brief mid-morning sip, the DXY rallied from 93.44 to 93.69 highs. Treasury yields provided some support to the dollar, as they were dragged higher by EGB rates, following hawkish ECB speak… Read more »

Feedgrain Focus: Dwindling hay supplies push up grain values

Dwindling supplies of hay are pushing animal feeders into a choppy market where pulses, cereals and cottonseed are in high demand and trading at values above last week’s levels. The post Feedgrain Focus: Dwindling hay supplies push up grain values appeared first on Beef Central. Source: Beef Central Feedgrain Focus: Dwindling hay supplies push… Read more »

XE Market Analysis: North America – Jun 06, 2018

The dollar has traded weaker against all but the yen out of the main currencies. The euro and Australian dollars have been the strongest, the former aided by relative hawkish ECB-speak and the latter boosted by above-forecast Australian GDP data, while the yen underperformed as safe haven premiums unwound some more amid gains in global… Read more »

XE Market Analysis: Europe – Jun 06, 2018

Both the dollar and yen have traded softer against most other currencies. EUR-USD has edged out a two-week high at 1.1734. EUR-JPY also posted a two-week peak, though the euro has traded more mixed (i.e. net neutral) versus other currencies, with euro crosses having flattened out for the most part out after rallying over the… Read more »

Weekly rainfall wrap + 14 day rain outlook, 6 June 2018

A series of cold fronts produced moderate falls across southern Australia, with heavy rain along the west coast at the end of the week. Showers associated with a coastal trough generated moderate fall along the east coast of New South Wales. The post Weekly rainfall wrap + 14 day rain outlook, 6 June 2018 appeared… Read more »

XE Market Analysis: Asia – Jun 05, 2018

The dollar firmed early in the N.Y. session, helped by a stronger services ISM. The DXY made its way to 94.31 highs before later heading to 93.79 lows. EUR-USD popped following reports that the ECB may announce its end date for its QE program at the next policy meeting. This saw the pairing ramp up… Read more »

XE Market Analysis: Twiddling Thumbs After Trades and Tariffs

OVERVIEW Second-tier data brings temporary calmness in the markets.   Commodity currencies under pressure from bilateral NAFTA and sliding oil prices. WTI sheds 35 cents, moving to an 8-week low near $64.42 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Twiddling Thumbs After Trades and Tariffs

XE Market Analysis: North America – Jun 05, 2018

The dollar has traded mixed, holding net steady against the euro and yen, losing ground to the pound following a strong services PMI release out of the UK, while gaining against the Canadian and Australian dollars. EUR-USD lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Data out of… Read more »

XE Market Analysis: Europe – Jun 05, 2018

There has been limited net direction among the main currencies so far today as the London interbank opens. EUR-USD has lost upside traction, with the pair reverting to a narrow oscillation of the 1.1700 level. Euro crosses have also flattened out after rallying over the last week on the shifting Italian political situation. USD-JPY posted… Read more »

XE Market Analysis: Asia – Jun 04, 2018

The dollar started out on a softer footing in N.Y. on Monday, though managed a modest rally through the remainder of the day, as risk appetite picked up. The DXY picked up to 94.14 from 93.67 opening lows. EUR-USD fell from 1.1745 to 1.1677, while USD-JPY rallied to 109.75 from 109.37. USD-CAD firmed up on… Read more »

XE Market Analysis: Brexit Legislation to Return to the House of Commons

OVERVIEW The US Dollar remains strong as expectations for higher interest rates continue to make the Greenback attractive. Sterling remains under pressure as Brexit uncertainty continues to weigh on this currency. The Australian Dollar surges helped by stronger than expected retail sales and corporate gross revenue profits. HIGHLIGHT Sterling is under pressure as Brexit uncertainty… Read more »

XE Market Analysis: North America – Jun 04, 2018

The dollar and yen lost ground to most other currencies, particularly the euro, which has continued last week’s rebound, and the dollar bloc currencies, which were underpinned by a coursing risk-on sentiment in global markets. EUR-USD lifted to a seven-session high of 1.1737, driven by on ongoing recovery in the euro, which posted fresh highs… Read more »

XE Market Analysis: Europe – Jun 04, 2018

AUD-JPY rallied by about 1%, which is the biggest movement in early-week trading out of the main currencies, and emblematic of a broader tone of risk appetite in global markets. USD-JPY posted a six-session high at 109.76, surpassing Friday’s peak by 3 pips. EUR-JPY also pegged a six-session peak, while AUD-JPY rallied to a nine-session… Read more »

Weekly Indicators: long leading indicators turn neutral edition

May data started out with an excellent employment report, with new expansion lows in unemployment and underemployment and a new expansion high in wage growth for ordinary workers. Both the ISM and the Chicago PMI manufacturing reports were also very positive. Motor vehicle sales declined.   Source: XE news feed Weekly Indicators: long leading… Read more »

XE Market Analysis: Asia – Jun 01, 2018

The dollar rallied following the jobs report, where NFP rose more than forecast, and earnings were better than expected. The jobless rate unexpectedly fell to a new low of 3.8%. The buck had been on the rise ahead of the report following a Trump Tweet implying a better than expected outcome. EUR-USD fell to 1.1618… Read more »

XE Market Analysis: Trade Wars à la Carte Again

OVERVIEW Investors digest strong US payrolls data.  Euro jumps into June despite fresh political concerns. WTI slides lower, down 55 cents to trade at $66.50 a barrel. HIGHLIGHT Source: XE news feed XE Market Analysis: Trade Wars à la Carte Again

XE Market Analysis: North America – Jun 01, 2018

The dollar has traded mostly softer, losing ground to the euro, sterling and the Australian dollar, though has held near net unchanged versus the Canadian dollar while gaining ground against the yen. EUR-USD rallied to a four-day high of 1.1730 as markets digested political development in Italy, where Five Star and the League are forming… Read more »

XE Market Analysis: Europe – Jun 01, 2018

USD-JPY crawled higher during the Tokyo session, as did EUR-JPY and other yen crosses. USD-JPY lifted back above 109.0, though remained shy of yesterday’s peak at 109.24. A choppy but overall sanguine reaction in global markets, some would say surprisingly so, to the U.S. escalation of trade warring yesterday has seen the yen lose the… Read more »

XE Market Analysis: North America – May 31, 2018

The dollar has traded softer against most currencies while holding near net unchanged versus the yen. EUR-USD carved out a fresh rebound peak of 1.1724, extending the lift-out of the 10-month low that was seen at 1.1510 on Tuesday. A spike in Eurozone HICP to 1.9% y/y from 1.4% gave the euro some vim, while… Read more »

XE Market Analysis: Europe – May 31, 2018

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday’s selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. The dollar has also given back some of the recent gains seen against… Read more »

Seasonal climate outlook Jun-Aug 2018

Winter days and nights are likely to be warmer than average for most of Australia, except parts of the far north. Warm winter days are very likely in the southeast, with chances greater than 80% over NSW, Victoria, Tasmania and eastern SA. The post Seasonal climate outlook Jun-Aug 2018 appeared first on Sheep Central. … Read more »

XE Market Analysis: Asia – May 30, 2018

The dollar traded broadly lower in N.Y. on Wednesday, taking the DXY to 94.04 after printing near seven-month highs of 95.03 on Tuesday. Calming of political tensions in Italy allowed the euro to rally, taking EUR-USD to 1.1676 highs. USD-JPY traded briefly over 109.00 on the surge on Wall Street, though later eased back to… Read more »

XE Market Analysis: North America – May 30, 2018

The euro has firmed up on a combo of perky data out of the Eurozone and amid a calming in Italian markets today. The common currency rose by over an average 0.5% gain versus the dollar and yen, with EUR-USD printing a high so far of 1.1624, which is over a big figure up on… Read more »

XE Market Analysis: Europe – May 30, 2018

The dollar has traded mixed-to-softer so far today, weakening most notably against the euro, which has managed something of a rebound after yesterday’s selloff. EUR-USD has recouped above 1.1550, putting in a little space from the 10-month low of yesterday, at 1.1510. The dollar has also given back some of the recent gains seen against… Read more »

XE Market Analysis: Asia – May 29, 2018

The DXY pulled back from its nearly seven-month high of 95.01 in N.Y. trade on Tuesday, easing into 94.65 lows before reclaiming the 94.80 level. Incoming U.S. data was dollar-neutral overall, and softness was attributed to a round of profit taking. EUR-USD recovered from opening lows of 1.1535, topping at 1.1389 at mid-morning. USD-JPY meanwhile,… Read more »

Weekly rainfall wrap + 14 day rain outlook, May 30 2018

A strong cold front tracked across southern Australia, generating moderate falls along the west coast and parts of southeastern Australia. Moist, onshore airflow produced moderate falls along parts of the exposed east coast of Queensland and northeastern New South Wales. The post Weekly rainfall wrap + 14 day rain outlook, May 30 2018 appeared first… Read more »

XE Market Analysis: Political Nightmares Pile on the Euro and Kronas

OVERVIEW The Greenback moves to a 6-month high against G-10 currencies. The Euro drags the Swedish Krona down 1.40% as politics weigh on risk-sensitive currency. Euro records its lowest level since July last year. Barrel of oil futures continues to roll downwards, down 93 cents to $66.95. HIGHLIGHT Source: XE news feed XE Market… Read more »

XE Market Analysis: North America – May 29, 2018

The euro’s slide stepped up to a vertiginous plummet as the Italian political situation went from bad to worse, posing a long-term existential threat to the Eurozone. As the common currency underperformed, the yen outperformed as market participants ran for safe havens. EUR-JPY fell by about 1.5% in logging an 11-month low at 125.05 before… Read more »

XE Market Analysis: Europe – May 29, 2018

The euro has remained under the cosh, posting fresh lows six-and-a-half-month and 11-month lows versus the dollar and yen as the London interbank market joins the fray following a long weekend in the UK. The other main theme being seen is yen outperformance, which has enrichened the draw of the Japanese currency as a safe… Read more »

BlockGrain roadshow generates interest in software and tokens

Agrichain hopes BlockGrain will become the largest industry-wide platform for managing the agricultural supply chain, using block chain to enable growers, brokers, trucking companies, buyers and others entitled to access to view documents immediately and simultaneously, instead of having to wait weeks for paperwork to arrive, and enabling invoicing as soon as loads are delivered…. Read more »

XE Market Analysis: Italian Political Salsa Sours the Euro

OVERVIEW The Euro trading near a fresh 6-month low as politics generates more uncertainty. Oil futures continue to slip lower. West Texas Intermediate (WTI) skids 2.5% on plans to ease production cuts. HIGHLIGHT Source: XE news feed XE Market Analysis: Italian Political Salsa Sours the Euro

XE Market Analysis: North America – May 28, 2018

The dollar has traded mixed in thin markets, early week trading. Both U.S. and London markets are closed today. Oil prices continued to descend, while Italy remained in the spotlight. EUR-USD initially rallied, logging a high of 1.1728 before returning to near net unchanged levels near 1.1650. The euro came back under pressure after initially… Read more »

XE Market Analysis: Europe – May 28, 2018

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. EUR-CHF is… Read more »

SunRice moves to list on Australian Securities Exchange

SunRice today announced plans to move the listing of its B Class Shares from the National Stock Exchange (NSX) to the Australian Securities Exchange (ASX) to improve access to external capital and support the company’s growth strategy. The post SunRice moves to list on Australian Securities Exchange appeared first on Grain Central. Source: Grain… Read more »

Weekly Indicators: interest rates improve edition

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.   Source: XE news feed Weekly Indicators: interest rates improve edition

XE Market Analysis: Asia – May 25, 2018

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… Read more »

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

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 Source: XE news feed XE Market Analysis: The… Read more »

XE Market Analysis: North America – May 25, 2018

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. EUR-USD has been re-established back… Read more »

XE Market Analysis: Europe – May 25, 2018

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… Read more »

XE Market Analysis: Asia – May 24, 2018

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. EUR-USD rallied to 1.1750 highs. USD-CAD firmed up… Read more »

April 2018 housing summary

Let’s take a look at the very leading housing market, now that we have all of the major reports for April.   Source: XE news feed April 2018 housing summary

XE Market Analysis: North America – May 24, 2018

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… Read more »