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XE Market Analysis: Europe - May 25, 2015

By: XE Market Analysis

EUR-USD fell to a new low for the fifth time out of the last six trading days. The move reflects both a degree of euro underperformance and dollar outperformance, the latter notably perkier in the wake of an unexpected rise in U.S. April core CPI, with Fed chair Yellen subsequently saying that a rate hike "this year" would be appropriate if the economy continues to improve. Read more

Weekly Indicators: Intense crosscurrents edition

By: New_Deal_democrat

Monthly data for April included blowouts in new home permits and starts, which in turn lifted the index of Leading Indicators up strongly. Existing home sales disappointed somewhat. Consumer prices increased slightly due mainly to shelter costs. The Philly Fed manufacturing index was mildly positive. 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. Read more

International Economic Week in Review: A More Positive Tone, 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

XE Market Analysis: Asia - May 22, 2015

By: XE Market Analysis

The dollar shot broadly higher after the hotter April U.S. CPI data, crushing EUR-USD to 1.1020 lows from 1.1208 highs posted in London. USD-JPY spiked up to a better than two-month high over 121.55, while the combination of hot U.S. CPI, and cooler Canadian CPI resulted in USD-CAD trading over 1.23 briefly. Read more

XE Market Analysis: North America - May 22, 2015

By: XE Market Analysis

EUR-USD lifted to a high of 1.1208 following an above-forecast rise in the German May Ifo business conditions survey and with Draghi saying that the Eurozone outlook is the best for seven years. There is also market talk of a option with a 1.1200 strike expiring at today's New York cut, which in theory could exert a gravitational pull around this level, and of general euro short trimming ahead of holidays in the States and UK on Monday. Read more

XE Market Analysis: Europe - May 22, 2015

By: XE Market Analysis

EUR-USD has settled in the low-to-mid 1.11s, above Wednesday's 1.1052 low. There was a lack of substantive progress at the latest summit in Riga between the Greek government and creditors in bailout negotiations. The ongoing Grexit uncertainty should curtail the euro's upside potential, while the May German Ifo today should affirm the slowing in growth momentum that was seen in the ZEW and PMI surveys. Read more

XE Market Analysis: Asia - May 21, 2015

By: XE Market Analysis

The FX market was relatively quiet in N.Y. trade on Thursday, though a softer batch if U.S. data weighed some on the greenback. Jobless claims were in line with expectations, though the Philly Fed index, Markit flash PMI, and existing home sales all missed the mark. Read more

XE Market Analysis: Europe - May 21, 2015

By: XE Market Analysis

The FOMC minutes took some of the wind out of the dollar's sails, though in confirming that most members were not thinking of hiking in June the minutes were near expectations. EUR-USD has recouped the 1.11 level after logging a three-week low at 1.1062 yesterday. Read more

XE Market Analysis: Asia - May 20, 2015

By: XE Market Analysis

Aside from some post-FOMC minutes volatility, the dollar was fairly steady through the N.Y. Wednesday session, though did manage modest gains overall. EUR-USD managed at 1.1075 to 1.1145 trading range, before rattling around inside a 1.1140 to 1.1070 band immediately after the minutes release. Read more

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