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XE Market Analysis: North America - May 05, 2015

By: XE Market Analysis

The euro took another turn lower, concomitantly with a rise in the Greek 10-year benchmark yield above 11% amid continued reports that significant differences remain between Greece and its creditors at the bailout negotiation table. EUR-USD logged a five-day low at 1.1066 after breaching Monday's 1.1123 low. Read more

XE Market Analysis: Europe - May 05, 2015

By: XE Market Analysis

EUR-USD remains heavy, threatening to breach Monday's low at 1.1123. The upcoming release of the April U.S. payrolls report should be dollar supportive, we think, as the report should show a rebound from March's unexpected weakness. Greece also remains a thorn in the euro's side as news reports from ongoing negotiations suggest that fundamental differences remain between the Greek government and creditors. Read more

XE Market Analysis: Asia - May 04, 2015

By: XE Market Analysis

FX trade was quite light in N.Y. on Monday, As London's holiday absence kept interest subdued. But for nearly in-line factory data, there was nothing on the calendar, though yields came off slightly, and Wall Street rallied. The dollar was flat overall, and plied narrow ranges versus the major currencies. Read more

XE Market Analysis: North America - May 04, 2015

By: XE Market Analysis

EUR-USD traded lower during London-less trade in Europe, which seemed the obvious play in thin market conditions following seven straight up days through to Friday. EUR-USD logged an intraday low at 1.1135, which is down by 90 pips on the intraday peak. Read more

XE Market Analysis: Europe - May 04, 2015

By: XE Market Analysis

EUR-USD has traded a narrow range in early-week trade just above Friday's low at 1.1174. The absence of Tokyo and London centres will ensure thin trade today. Through to Friday, the euro had climbed for seven successive days, but looks likely for a pause now. Read more

US Equity and Economic Review For the Week of April 27-May 1: Weak GDP Edition

By: HaleStewart

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog. He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies. Read more

Weekly Indicators: the "two-track economy" edition

By: New_Deal_democrat

In the rear view mirror, as expected first quarter GDP stunk, although it remained just barely positive. Some good news was the big increase in median wages and benefits. Monthly reports for April started out with a decline in vehicle sales, a steady ISM manufacturing report, positive Chicago PMI, and mixed consumer sentiment reports, with the U. Read more

XE Market Analysis: Asia - May 01, 2015

By: XE Market Analysis

The dollar traded broadly higher in N.Y. on Friday, though not due to incoming data, which wasn't horrible, but largely missed market forecasts. Treasury yields moved higher, supportive of the greenback, as was Wall Street's rally. After peaking at 1.1290, EUR-USD slid to session lows of 1.1175. Read more

International Economic Week in Review: Everyone Releases GDP, Edition

By: HaleStewart

Before getting into the detailed numbers, here is a brief overview of the major OECD countries: The EU news continues to point to an uptick in activity The UK, while still growing, may be seeing growth decrease a bit as a result of the strong Sterling The US and Canada are still in weak patches Japan can’t quite shake off its period of slow growth The biggest news from the US was the GDP miss. Read more

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