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XE Market Analysis: Asia - Jul 29, 2015

By: XE Market Analysis

The dollar fell, rallied, then settled in to nearly unchanged after the FOMC announcement, where there were no surprises, and no hints dropped as to when rates might be raised. Ahead of the Fed, the FX market was relatively quiet, with only USD-CAD moving significantly after oil prices jacked up to one-week highs following a fall in U.S. Read more

The apartment boom continues: record low vacancies, record high rents

By: New_Deal_democrat

Tuesday the Census Bureau released its quarterly report on homeownership. While the bulk of the commentary focused on the homeownership rate, and price of housing, I would like to focus on apartment rentals. The share of apartment building compared to single family home construction has jumped since the last recession, partly due to the swelling demographic of Millennials entering the market, and partly due to nearly-stagnant wages. Read more

XE Market Analysis: North America - Jul 29, 2015

By: XE Market Analysis

EUR-USD has oscillated around 1.1050, leaving both yesterday's low at 1.1022 and high at 1.1099 untroubled. USD-JPY, meanwhile, oscillated around 123.50, leaving yesterday's 123.79 high untested. Market participants are waiting on the FOMC in the U.S., which concludes its two-day meeting today. Read more

XE Market Analysis: Europe - Jul 29, 2015

By: XE Market Analysis

The major dollar pairings have held within yesterday's ranges. EUR-USD stuck to a modest oscillation in the upper 1.10s while USD-JPY remained stuck around 123.50. News that Japan retail trade for June fell -0.8 % m/m, slightly better than the -0.9% consensus forecast, had little impact. Read more

XE Market Analysis: Asia - Jul 28, 2015

By: XE Market Analysis

FX trade was quiet through the Tuesday session in N.Y. with most major dollar pairings inside of relatively narrow trading bands. A much weaker than expected consumer confidence print resulted in the biggest moves of the day, though dollar losses were small in the scheme of things. Read more

XE Market Analysis: North America - Jul 28, 2015

By: XE Market Analysis

Chinese stock markets continued to wield influence in currency markets, today seeing the yen retreat, the dollar rebound and the Aussie outperform. The Shanghai Composite opened as much as 5-7% down before rebounding into the green, then sinking again and closing with a 1.7% net loss. Read more

XE Market Analysis: Europe - Jul 28, 2015

By: XE Market Analysis

The AUD saw volatile trade , dropping to a new six-year low of 0.7257 versus the USD as Chinese stock markets opened heavily in the red before rebounding to a two-day peak of 0.7327 as policymakers in Beijing managed to engineer a rebound in equities. Read more

XE Market Analysis: Asia - Jul 27, 2015

By: XE Market Analysis

FX trade was relatively subdued to start the N.Y. week, though the dollar overall maintained a softer footing throughout the session. Risk-off conditions kept pressure on the greenback, versus the yen and euro in particular. EUR-USD peaked at 1.1129 into the London close, as USD-JPY found support just above 123.00. Read more

International Preview For the Week of July 27-31

By: HaleStewart

While all eyes will be on the Fed’s announcement later this week, keep your eye on Brazil, which releases its policy statement on the same day. CPI increased from 6.5% in July of last year to 8.89% in its latest reading. The central bank has raised rates 175 basis points since September in an attempt to stave off the increase. Read more

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