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XE Market Analysis: North America - Nov 28, 2014

By: XE Market Analysis

The dollar traded higher, led by USD-JPY following a set of mostly soft month-end data out of Japan, which assisted a rally to a three-day peak of 118.33 before settling around 118.10. EUR-JPY also rose to a two-day high. Data included a 1.4% m/m drop in retail sales while industrial production edged up only 0.2% in October after a 2.9% September gain, and was down 1.0% y/y. Read more

XE Market Analysis: Europe - Nov 28, 2014

By: XE Market Analysis

The traded higher across the board. USD-JPY seemed to lead the way following a set of mostly soft month-end data out of Japan, which assisted a rally to a three-day peak of 118.33 before settling around 118.10. EUR-JPY also rose to a two-day high. Data included a 1.4% m/m drop in retail sales while industrial production edged up only 0.2% in October after a 2.9% September gain, and was down 1.0% y/y. Read more

XE Market Analysis: Asia - Nov 27, 2014

By: XE Market Analysis

The dollar oscillated, dipping against most currencies during the Asia before rebound some during the European AM. USD-CAD saw volatility, driven back above 1.1300 by sharp declines in oil prices after dipping to intraday lows under 1.1240 following Q3 current account data, which showed a lower than expected deficit of C$ 8.4 bln. Read more

XE Market Analysis: North America - Nov 27, 2014

By: XE Market Analysis

The dollar oscillated, dipping against most currencies during the Asia before rebound some during the European AM. EUR-USD met good selling interest following an early London run above 1.2520, subsequently dipping to a 1.2465 low and steadying not far above here thereafter. Read more

XE Market Analysis: Europe - Nov 27, 2014

By: XE Market Analysis

The dollar maintained a softer tone that was established after the round of soft data out of the U.S. yesterday, while firm capital expenditure numbers out of Australian aided the greenback lower in the case against the Aussie. EUR-USD saw a narrow range, though managed to recover from a dip below 1.2500. Read more

XE Market Analysis: Asia - Nov 26, 2014

By: XE Market Analysis

The dollar was broadly lower in N.Y. trade on Wednesday, as softer data, and ongoing pre-Thanksgiving position squaring kept the unit on the back foot. Firmer jobless claims, softer income and consumption data, and pullbacks in Chicago ISM, Michigan sentiment, and new home sales all contributed. Read more

US Economy Appears To Have (Finally) Hit Escape Velocity

By: HaleStewart

It seems that every year or so, economists proclaim the US economy has reached “escape velocity” – a pace of self-sustaining growth no longer in need of monetary or fiscal stimulus. And, just as quickly as these pronouncements are made, an outside event sufficiently slows growth to make that prediction moot. Read more

XE Market Analysis: North America - Nov 26, 2014

By: XE Market Analysis

The dollar has been mixed in relatively narrow ranges, firmer against the euro, lower versus sterling and the yen. The biggest mover out of the main currencies has been the Aussie, which dove to new major-trend lows. EUR-USD drifted below 1.2450 as losses seen from the high 1.24s extended. Read more

XE Market Analysis: Europe - Nov 26, 2014

By: XE Market Analysis

Narrow ranges have prevailed among the dollar majors. USD-JPY managed to eke out a two-day low at 117.59 after peaking at 117.93 in Tokyo, finding a footing amid reports of Japanese investor demand. EUR-USD posted a 1.2465-84 range, consolidating the gain seen after Monday's low at 1.2362. Read more

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